@RepThomasMassie
Thanks to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion mark.
https://x.com/repthomasmassie/status/1955439666842173864?s=46

@RepThomasMassie
Thanks to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion mark.
https://x.com/repthomasmassie/status/1955439666842173864?s=46
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.
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.
https://www.washingtonpost.com/national-security/2025/08/01/china-sanctions-bill-russia-ukraine/. 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.
…
"What is the answer? […]
The cancellation and writing off of existing debt burdens for poor countries (I don’t like the word debt ‘forgiveness’ as there is nothing to forgive)."
by Michael Roberts: https://thenextrecession.wordpress.com/2025/06/30/sustainable-development-and-unsustainable-debt/
#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 ?
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.
You can always buy me a coffee for more video projects to come:️ https://www.buymeacoffee.com/AnnafromUkraine
or become my patron: https://www.patreon.com/AnnafromUkraine
or choose our merch on: https://annafromukraine.com
Instagram
https://www.instagram.com/anna_from_ukraine_official
If #Republicans actually cared about the #deficit, they'd support a #WealthTax https://commondreams.us8.list-manage.com/track/click?u=d2541b6e3f9f2182b8be74d8f&id=283706c9bd&e=3744b650a3
“Tax breaks for billionaires — permanent.
Tax breaks for everybody else expire.”
— Rep. Hakeem Jeffries (D-NY), quoted by Punchbowl News, on the Republican budget reconciliation bill.
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.
Let's remember the damage Republicans did to the national debt during Trump's first term.
They care about the deficit as much as they care about YOU.
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!!!”
You might recall #Republicans blaming #Covid benefits for causing #inflation.
#COVID19
Yet, here they are creating a system of #Genocide while they add $4 T to the #deficit.
#CNBC
#premarket
#investing
#newsrewind
UK markets roil as weakening government cancels spending cuts
The credibility of Prime Minister Keir Starmer and the United Kingdom‘s fiscal situation were further undermined this week…
#Europe #UnitedKingdom #beltwayconfidential #budgets #deficit #foreignpolicy #GreatBritain #keirstarmer #labourparty #opinion #policy
https://www.europesays.com/2212717/
Source = Tiktok
“…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
They seem more concerned about the tax expense than the fascist army, but even the libertarians know HR 1 is a bad idea.
https://www.cato.org/blog/deportations-add-almost-1-trillion-costs-gops-big-beautiful-bill
"Why $3.8 trillion in unpaid deficits could unsettle bond markets...Congressional talks today could unlock trillions in new #deficit spending — without offsets."
https://finance.yahoo.com/video/why-3-8-trillion-unpaid-174022794.html
#USPolitics #TrumpRegime