US President #Eisenhower on #ThisDayInHistory in 1961 gave his farewell address, in which he warned of a problem he had helped to create: The anti-democratic and corrupt #MilitaryIndustrialComplex. Defence contractors bribe #Congress, creating #DeficitSpending and #ForeverWars.
#DeficitSpending
Wall Street analysts project continued strength in gold prices through next year, with Bank of America setting a top target of $5,000 per ounce amid rising deficit spending and global central bank demand.
#YonhapInfomax
#GoldPrices #BankOfAmerica #GoldmanSachs #CentralBanks #DeficitSpending
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92737
November, and a young man’s fancy turns lightly to thoughts of the federal deficit. https://bergetoons.blogspot.com/2025/11/the-toons-of-november-remembered.html
Plus #spiked #editorialcartoons
#Wisconsin #republicans #Democrats #shirtless #tedcruz #trump #DeficitSpending #congress
Government "deficit spending" is the nation-state creating money (out of thin air) and exchanging it.
The payroll tax (FICA) does not fund Social Security or Medicare. Like all other federal agencies, those agencies are funded by dollars created on purpose by the government (using laws from Congress) and placed in their accounts by the Treasury.
#FederalDeficit #fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryTheory #quotes #deficit #CentralBank #CentralBanks #Treasury #MMT
The notion of the state crowding out the private sector by its #deficitspending is currently trending. On my blog, I point out why it's a fallacy:
#economics #PostKeynesianism #PKE #debt #rates
https://jakobsteffen.substack.com/p/the-nonsense-of-crowding-out
House slashes solar, wind & EV tax credits while adding $3.4T to the deficit - nothing says "fiscal responsibility" like a July 4th fireworks show funded by future taxpayers! 🎆 The 218-214 vote prioritizes yesterday's energy over tomorrow's planet.
Barricade Fencing at White House and Treasury: the End of the American Dollar
#2ndlifemedia #newmexicoconservativeenews #KRAZYARadio #Kalhradio #ConservativeVoices #AlamogordoTownNews #bitcoinnews #currency #deficitspending #federalbudget #maga #trump #conspiracies
A firebrand State Department political appointee proposed using American taxpayer money to support French far-right leader Marine Le Pen as she appeals her embezzlement conviction, according to two State Department officials. #DeficitSpending
https://www.politico.eu/article/us-state-department-adviser-proposed-funding-french-far-right-marine-le-pen-appeal/
“The government can always finance its spending by creating money.”
~Hyman Minsky, economist
#fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #deficit #Fed #CentralBank #CentralBanks #Treasury #MMT
Rep. Thomas Massie (R-KY), known for his staunch fiscal conservatism, is making it clear: he’s a firm #NO on the #Republican #debt plan.
In a C-SPAN interview, #Massie dismantles the party’s own talking points, revealing that even under the most optimistic assumptions, the proposal adds hundreds of billions to the #deficit in the coming years. According to Massie, leadership’s numbers show a $328 billion increase in 2025 alone—with no real plan to control spending beyond vague promises of future restraint.
Having served in #Congress for 12 years, Massie has seen multiple so-called “10-year plans” under #Boehner and #Ryan—none of which ever played out as promised. He remains skeptical that this time will be any different.
With the deficit skyrocketing and fiscal responsibility on the line, Massie’s message is clear: empty promises won’t fix #America’s #economic future.
#ThomasMassie #FiscalResponsibility #DeficitSpending #DebtCrisis #NoMoreDebt #GOP #RepublicanParty #Congress #StopSpending #CSPAN #PoliticalAccountability #GovernmentWaste #NationalDebt #DebtCeiling #BudgetBattle #DCPolitics #TruthMatters #PoliticsUnfiltered
In a C-SPAN interview, #Massie dismantles the party’s own talking points, revealing that even under the most optimistic assumptions, the proposal adds hundreds of billions to the #deficit in the coming years. According to Massie, leadership’s numbers show a $328 billion increase in 2025 alone—with no real plan to control spending beyond vague promises of future restraint.
Having served in #Congress for 12 years, Massie has seen multiple so-called “10-year plans” under #Boehner and #Ryan—none of which ever played out as promised. He remains skeptical that this time will be any different.
With the deficit skyrocketing and fiscal responsibility on the line, Massie’s message is clear: empty promises won’t fix #America’s #economic future.
#ThomasMassie #FiscalResponsibility #DeficitSpending #DebtCrisis #NoMoreDebt #GOP #RepublicanParty #Congress #StopSpending #CSPAN #PoliticalAccountability #GovernmentWaste #NationalDebt #DebtCeiling #BudgetBattle #DCPolitics #TruthMatters #PoliticsUnfiltered
@RePEc_NEP_PBE '... each country's #debt history and specific characteristics, circumstances, and events have an overwhelming importance that cannot be encapsulated in a single general law. Research should concentrate on the former and abandon the pursuit of the latter.'
#FiscalPolicy #DeficitSpending #PublicFinances
/ends
Who did you say is good for the #Economy?
Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief
Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan
#Trump approved $8.8 trillion of gross new borrowing and $443 billion of #Deficit reduction during his term
President #Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction
#voteblue #deficitspending
https://www.crfb.org/papers/trump-and-biden-national-debt?stream=top
Fair question.
#USPolitics #DeficitSpending #GOPBaitAndSwitch #GOPHypocrisy #VoteBlue2024
Republicans all say they oppose deficit spending.
Democrats are the only ones who actually do something about it.
#VoteBlue2024 #DeficitSpending #USPolitics #USBudgetDeficit
@gcblasing
Hey, @msnbc , remember there wouldn't be a deficit without Trump/GOP tax cuts for billionaires.
#DeficitSpending jetzt!
DGB-Chefin Yasmin Fahimi bezeichnet Sparkurs als Gift für die #Konjunktur
https://www.faz.net/aktuell/politik/inland/dgb-chefin-yasmin-fahimi-bezeichnet-sparkurs-als-gift-fuer-die-konjunktur-19068348.html
The only thing worse than a tax-and-spend liberal is a borrow-and-spend conservative.
As unpopular as taxes may be, the liberals, at the very least, provide a funding plan.
Conservatives, in contrast, shift the tax burden to future generations.
Anyone who believes conservatives spend less than liberals hasn’t paid attention to historical American deficit spending.
Fiscal conservatism, at the American federal level, is a myth.
Photo from the A-Mark Foundation’s article “US Federal Deficits or Surpluses by US President from FY 1981-2021”: https://amarkfoundation.org/us-federal-deficits/
Keep in mind that the American Congress sets fiscal budgets that are (usually) approved by the President.
#Liberals #Conservatives #Taxes #DeficitSpending #FiscalConservatism #Myth #Politics
MSM needs to do a better job sharing this type of information. #BidenWin #Deficitspending
U.S. will hit its debt limit Thursday, start taking steps to avoid default, Yellen warns Congress
#yellen #debtceiling #congress #government #debt #deficitspending
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