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#deficit

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L’argent des contribuables ? 🧵

• Les administrations locales ne créent pas de monnaie souveraine : elles dépendent de recettes fiscales, de l’État central, d’emprunts. Lorsque l’on paie des taxes ou des impôts à une administration locale ou à un pays de la zone euro (dont la France), celles-ci les utilisent.

• Les pays souverains émettent leur propre monnaie à volonté : ils ne dépensent ni leurs recettes ni leurs emprunts. Lorsque l’on paie des taxes ou des impôts à un pays à #souveraineté monétaire, le Trésor les détruit à réception.

Continued thread

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.

washingtonpost.com/national-se. Once again, the world's largest #economy attempts to use its muscle against the world's second largest, while imposing #tariffs on every other economy, & increasing its annual #budget #deficit & #national #debt. There are going to be major tears before bedtime, @ChrisMayLA6.

The Washington Post · Sanctions bill targets China for enabling Putin’s war in UkraineBy Noah Robertson

#DisasterDon has been in office 6 months as of noon EST. 😞

And in that six months, we've seen masked thugs with no identification snatching anyone with brown skin & an accent off the streets (many WHILE following the law, doing their jobs or attending their #immigration hearing) and #deport-ing them to be tortured in a South American gulag in #ElSalvador.

#Inflation is up. #Gas prices are up. The #Debt & #Deficit are up. #Unemployment is going back up. And #ComboverCaligula declares success.

Macron, Bayrou… Curieusement, ils font l’impasse sur la seule info tangible, et ce que tout le monde a bien compris :

« Le creusement du déficit public français depuis l’arrivée d’Emmanuel Macron à la tête de l’Etat s’explique par la baisse du taux des prélèvements obligatoires, affirme une note de l’Observatoire français des conjonctures économiques (OFCE) »

Des gauchistes extrémistes, l’OFCE ? 🙄

lemonde.fr/politique/article/2

Le Monde · La baisse des prélèvements obligatoires depuis 2017 responsable de la hausse du déficit public, selon l’OFCEBy Le Monde avec AFP

From ⁨⁨⁨⁨⁨#AnnafromUkraine⁩⁩⁩⁩⁩ @AnnafromUkraine@youtube.com

RUSSIAN RESERVES EXHAUSTED: #RECESSION, #STAGFLATION, BUDGET DEFICIT Vlog 1099: War in #Ukraine

Anti-record: #Russia's #budget #deficit has increased sixfold in a year.

#russoUkrainianWar

youtu.be/mp_hYxhOdH4

You can always buy me a coffee for more video projects to come:
☕buymeacoffee.com/AnnafromUkrai
or become my patron:
🇺🇦 patreon.com/AnnafromUkraine
or choose our merch on:
❤️ annafromukraine.com

✅ Instagram 👉 instagram.com/anna_from_ukrain

Continued thread

The 2 #Republicans who voted against the bill were Representatives #ThomasMassie of #Kentucky — a fiscal hawk who strongly opposes measures that would increase the federal #deficit & add significantly to the #NationalDebt, & #BrianFitzpatrick of #Pennsylvania is a #moderate from a battleground district that #Democrats are eager to flip. He had previously expressed deep reservations about cuts to #Medicaid funding.

House GOP struggles to find final votes for #Trump’s megabill

$4,000,000,000,000 = $4 Trillion (12 zeros!)

Trump is Gaslighting the American public!

The truth is that the BBB will result in the largest deficit in American history, to the tune of $4 Trillion!

“Largest Tax Cuts in History and a Booming Economy vs. Biggest Tax Increase in History, and a Failed Economy,” Trump wrote in a Truth Social post. “What are the Republicans waiting for??? What are you trying to prove??? MAGA IS NOT HAPPY, AND IT’S COSTING YOU VOTES!!!”

bloomberg.com/news/articles/20

“…perhaps their boldest move, she continued, is that they "simply declared huge chunks of it to be free," by overriding the #senate #Parliamentarian to decree that since around $3.8 trillion of the bill comes from extending the 2017 tax cuts past their original expiration, that $3.8 trillion doesn't really count as new debt, because the 2017 tax cuts are now the baseline.”
#gop #obbb #BigUglyBill #deficit #taxcuts

rawstory.com/gop-bill-26725163

Raw Story · Republicans aren't just 'cooking the books' — they're 'torching' them: analysisBy Matthew Chapman