Augie RayMar 21

It's tough to keep up on the flood of news, but don't lose sight of what Trump is doing to our economy and finances. Headlines from the last couple of days:

Trump promised his economic policies would erase the deficit. Instead, the national debt surpassed a record $39 trillion last week. It hit $38 trillion five months ago and $37 trillion two months before that.
https://apnews.com/article/us-national-deficit-hits-39-million-6ff73495bae701b5c009d3da5515ca3a

1/3

US national debt surges past $39 trillion

The U.S. national debt has hit a record $39 trillion. The deficit hit the milestone Wednesday just weeks into the U.S.-Israeli war in Iran. The Government Accountability Office says rising debt can raise borrowing costs for mortgages and cars. It can also squeeze wages and push up prices. Budget advocates warn that growing interest payments force tougher tradeoffs. The federal debt has surged under both Republican and Democratic presidents, most recently fueled by wars, large-scale pandemic spending and tax cuts. The U.S. national debt hit $38 trillion five months ago — and $37 trillion two months before that.

AP News
doctorambient6d ago
Show threadAugie Ray

The Trump administration altered a Social Security report to hide how long call wait times have been due to the DOGE cuts.
https://newrepublic.com/post/208020/donald-trump-changed-report-doge-social-security

To try to calm the declining markets, Trump claimed the Iran war is winding down, but the Pentagon is making detailed preparations for deploying U.S. ground forces into Iran.
https://www.cbsnews.com/news/trump-administration-iran-ground-troop-preparations/

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Trump Team Changed a Report to Hide How Bad DOGE Made Things

You’d never know what call wait times at the Social Security Administration are actually like based on what was supposed to be a nonpartisan report.

The New Republic
Mar 21 at 12:43pmWeb
Show threadAugie RayMar 21

As Americans struggle with rising energy prices, Trump wants to pay companies around $1 billion to cancel wind power projects that would reduce energy costs.
https://www.yahoo.com/news/articles/trump-wants-pay-company-almost-174306851.html

The Heritage Foundation's chief economist, who is a Trump ally, warned, “The economy is weaker than we thought it was, and inflation is worse than we thought it was… I don’t think this is an economy that is going to be able to handle $100 a barrel for oil, it’s just not.”
https://www.newsweek.com/trump-ally-says-us-economy-weaker-than-we-thought-11702260

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Trump Wants To Pay a Company Almost $1 Billion To Cancel Its Wind Projects in New York and North Carolina

If the company refuses, the government may still terminate its lease.

Yahoo News
Show threadRoy -- the dull oneMar 21

@augieray

The Money Men are always eager to protect us from clean air and boring climate. Thanks for another example.

Show threadSean LynchMar 21

@oldclumsy_nowmad @augieray

When the earth runs out of oil, the rich will sell clean air and clean water at $100.00 a barrel in order to stay rich forever.

Show threadDan, the US is the threat!Mar 21
@SeanPLynch @oldclumsy_nowmad @augieray I think that before that we’re going to run out of soil to grow crops and people to tend whatever is left: they will have to eat their money, good luck with the bitcoins!
Show threadRoy -- the dull oneMar 21

@augieray

Let's correct the title of this news item:

Yahoo News title:
Trump Wants To Pay a Company Almost $1 billion To Cancel Its Wind Projects in New York and North Carolina

Truthful title:
Trump Wants You and Me (Taxpayers) To Pay a Company Almost $1 billion To Cancel Its Wind Projects in New York and North Carolina

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Thanks for flagging this article, Augie Ray!

Show threadWendroid 🇺🇦Mar 21
@augieray It’s always about revenge. The wind turbines prevailed over his Scottish golf course & he’ll fight against them, senselessly, forever.
Show threadEric LawtonMar 21

@augieray

When are Americans going to realize that Trump rules on behalf of
First: himself
Second: large corporate donors
Third: people with leverage against him

Everyone else is just a means to his end.

@AnnaAnthro

#RiseUp

Show threadScale TheoryMar 21

@augieray
Oligarchy controls Pentagon without leadership, at many levels. The real big news that will be ignored tomorrow....

"The Pentagon is making detailed preparations for deploying U.S. ground forces into Iran." without a declaration of war from lame-ass criminal congress.

Show threadDr. Eric J. Fielding, PhD6d ago
@SCALETHEORY @augieray Pentagon is always making “paper” preparations for possible future actions. Invading Iran would take twice the troops as invading Iraq
Show threadScale Theory6d ago

@EricFielding

Just now they're making prep? Yeah, it's usually months in advance. Damn...
Leadership really does suck even worse at more levels than originally thought. Knew it doesn't have foresight or insight to consequences, new generation billionaire silver-spoons (oligarchy) lacks that skill also i guess.
Time to fight back or it just keeps getting worse, if you know what I mean.

Show threadScale Theory4d ago

@EricFielding @augieray

What I say?
Always expect the worst from people from now on. People in power will abuse everything when anarchy is legal.

Pentagon orders!

"The Pentagon orders troops from the 82nd Airborne Division to deploy to the Middle East"
Stories out there, I don't support any media nor trust them to give links for their benefit.

Pentagon orders!

Show threadDr. Eric J. Fielding, PhD4d ago
@SCALETHEORY @augieray Yes, I saw the news about the new deployment. The 2000 new troops are not a realistic force for invading Iran. Do you remember the size of the forces that were assembled before the invasion of Iraq in 2003? That would be too small for an invasion of Iran.
The Pentagon is sending some token deployments that could be used for small operations, not an invasion force.
Show threadScale Theory3d ago

@EricFielding @augieray

And the point was that I made?

Show threadDr. Eric J. Fielding, PhD3d ago
@SCALETHEORY @augieray I was not sure about your point
Show threadEric LawtonMar 21

@augieray

After all the lies he has told, why would any investor be 'calmed' by anything he says?

@bonaventuresoft

Show threadRandall LeeMar 21
@augieray He can't continue his market manipulation while requesting billions to expand the war and sending the Marines to their slaughter. He can't bend reality to his will
Show threadDr. Eric J. Fielding, PhD6d ago
@augieray Anyone can see that 2500 or 4500 Marines are not going to invade Iran with its million soldiers Army, so stock markets can be more calm
Show threadAugie Ray6d ago
@EricFielding The reports aren't that the US will try to take Iran mainland but attempt to hold Kharg Island. And I'm not sure the stock market is reacting to the possible boots on the ground as much as they are the disruption to oil.