📝 🇺🇸 📖 The Washington Post editorial board issues a stern warning:
The 2030's could be worse than the 1930's.
The problem:
"The budget of the federal government is the largest of any organization in human history. It’s larger than the entire economy of every foreign country except China. And it mostly grows automatically, without regular input from elected officials."
"According to the Congressional Budget Office, 2030 is the year when federal debt held by the public as a share of the economy will exceed the record set by World War II. Unlike in the ’40s, this debt shows no signs of ever declining."
"The year 2030 is also roughly when the ratio of seniors to the total population will reach 1 in 5. As recently as 2008, the ratio was around 1 in 8. Seniors’ rising share of the population mechanically raises Social Security and Medicare costs and pushes them onto a proportionally smaller working population."
"Social Security used to take in more money than it gave out, but that money was spent on other things. The program has run annual deficits since 2010. It is projected to go insolvent in 2032, at which point seniors would receive a roughly one-quarter cut in benefits across the board."
"Medicare’s budget-busting makes Social Security’s look modest by comparison. Of the projected $138 trillion budget shortfall over the next 30 years, $109 trillion is from Medicare."
"The fiscal challenges scheduled to arrive in the 2030s are actually based on optimistic assumptions. They are from the CBO’s baseline estimates, which assume no wars, no recessions, low and stable inflation and no new government programs or tax changes."
https://www.washingtonpost.com/opinions/interactive/2026/08/10/when-americas-budget-will-break-disastrously/
📎 Russ Greene
🇺🇸⚔️🇮🇷 US blockade squeezes Iran's economy but may not force a deal
A US naval blockade has cut Iran's oil exports to a trickle and pushed inflation near 90%, but may not force Tehran to concede, Capital Economics argued on October 27.
Tracking estimates put Iran's seaborne crude exports at around 50,000 barrels a day (b/d) in both August and September, against 1.5mn-2.0mn b/d before the war, wrote Jason Tuvey, deputy chief emerging markets economist at the London-based consultancy. No crude has been loaded at Kharg Island, Iran's main export terminal, since late August, and Iraq and Pakistan have closed some border crossings with Iran, curbing its overland oil sales.
Oil exports were earning Iran $2bn-3bn a month before the war, Tuvey estimates, so a fall of more than 95% in seaborne volumes strips Tehran of most of its hard-currency income after more than 100 days of blockade. The central bank has already cut the dollars it supplies for imports to $27bn in the first seven ...
Marxists have rebranded. When you hear “stakeholder capitalism”, you are really hearing “marxism”.
When you hear “mutual aid”, you are hearing “marxism”.
When you hear “public-private partnership”, you are hearing “marxism”.
When you hear “racism” you are hearing “marxism”.
When you hear “mass migration”, you are hearing “marxism” & “globalism”.
When you hear “Islamaphobia” you are hearing “marxism”, “jihad”& globalism”.
Do you get it now?
@NoAgendaLara