" The #debt is growing because the country keeps #Borrowing to finance an increasingly large gap between #GovernmentSpending and #Revenue. (..) What’s the Solution? "
🤔 Judging by their actions, the solution of the #Trump - #Junta is to slash revenue drastically while raising expenditure to unprecedented levels.
(While their other "solution" is to declare bancruptcy [#MarAlLagoAccord] - because the daddy of the United States will of course bail the country out as he always did in the past. 🙄)
🤔 Judging by their actions, the solution of the #Trump - #Junta is to slash revenue drastically while raising expenditure to unprecedented levels.
(While their other "solution" is to declare bancruptcy [#MarAlLagoAccord] - because the daddy of the United States will of course bail the country out as he always did in the past. 🙄)
BerlinFokus •
https://www.gao.gov/americas-fiscal-future
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America's Fiscal Future
www.gao.govKrystyna •
BerlinFokus •
Besides, impeachment for overspending would be really weird, since almost every recent US president did that.
Krystyna •
The impeachment is still a valid tool—obvi losing vote BUT appearances are important.
BerlinFokus hat dies geteilt
BerlinFokus •
But it's kinda hard to judge how big the reach would be - with the partisan media and social media in the hands of the oligarchy.
Don't know. Don't have a clear picture from over here.
All I can tell is, that (at least regarding the EU) we're by now pretty good at absorbing external economic shocks. Although that would be like an asteroid impact. Still, we may survive this.