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#budgetdeficit

1 post1 participant0 posts today
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AMonkeyInSilk 🇺🇦🇵🇸

David Speers on #ABCNewsAustralia this evening continuing the mythology around a ‘balanced’ budget.

Australia and Australians suffer whenever the federal government prioritises a budget surplus over services and infrastructure needed to maintain a strong and healthy country and population.

#auspol #mmt #fiatCurrency #election #vote #budget #budgetdeficit

From: @DrALJONES
mastodon.social/@DrALJONES/114

MastodonDrALJONES (@DrALJONES@mastodon.social)Attached: 1 image 2 The fictions: US economist Paul Samuelson explains the purpose of spreading the "balanced budget superstition": From @heinrichsgeist@digitalcourage.social "...economics is abused as a religious doctrine — generations of students have been misled by dogmatic textbooks..." Extract: https://youtu.be/4_pasHodJ-8 Full doco: https://sms.cam.ac.uk/media/761745/ #mmt #economics #uspol #ukpol #auspol . Mainstream economics as religion: "Don't tell the plebs the truth - it'll be the end of civilised society". Ever-so-convenient lies.
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A Guy Named Brian (he/him)

“The budget deficit is not due to the salaries of civil servants, who are being wantonly fired, or to the government’s R&D spending, on which our future prosperity depends, but rather to the combination of tax cuts for the rich, and reckless spending on America’s perpetual wars…”

#Politics #USPolitics #Economics #TradeWarImpact #TrumpTariffs #BudgetDeficit #DemocracyVsOligarchy #DemocracyVsAuthoritarianism #TaxTheRich #RecessionPossibility

commondreams.org/opinion/trump

Common Dreams · Trump's Absurd Trade Policies Will Impoverish Americans and Harm the World | Common DreamsAmerica’s trade deficit is a measure of the profligacy of America’s corporate ruling class, more specifically the result of chronically large budget deficits resulting from tax cuts for the rich combined with trillions of dollars wasted on useless wars.
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