Barracuda2020 wrote:
We don't have a future if we're not marketable competitive. Education secures our future in the world economy, which we are now ranking around 38th depending on the poll.
The Military is also a big expense without revenue. It is not an investment in our future as the military complex would like all of us to believe. We outspend in the military by
U.S. ECONOMY SLIPS FROM FIRST TO THIRD PLACE IN GLOBAL COMPETITIVENESS RANKING AMID TRUMP'S TARIFFS
While the U.S. dropped in the rankings, Asian-Pacific countries fared much better. Eleven of the 14 regional nations analyzed stayed the same or rose in the evaluation. Indonesia and Thailand both experienced significant rises.
Some Middle Eastern nations also experienced significant progress in the rankings, with Saudi Arabia leaping 13 places and Qatar rising four to earn its spot as the world's tenth most competitive economy.
The United States spends more on national defense than China, Saudi Arabia, India, France, Russia, United Kingdom, and Germany all put together.
These reasons shown here, shows our over focus to the military, we are being manipulated by the military complex and big oil, these are the very reasons Bernie has gained so much support. This country has turned it's back on its people.
and is indulgent to the parties who have been in control from the right.
We don't have a future if we're not marketable com... (
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Please consider, the USA has never paid off its debt while systemic cyclical corruption turns around to exploit the debt that provides their undeserved indulgences ...
There is no market, industry, necessity, right, or else that is not bailed out, propped up, subsidized, exploited, & distorted in the socio-ecchonomic illusion created by both parties!! We didn’t get where we are in 3 years and we sure won’t get out of it in 3 years either...
Perhaps looking at deficit and debt helps to understand more of what’s going on??
I posted this elsewhere but works here too.. Since one effects the other~< If not for timing shifts of certain payments, the federal government would actually have realized a $1 billion surplus in January 2020 and a $12 billion deficit in January 2019.) > Timing as in previously agreed upon debt owed at certain times..
The US isn’t about to go broke or slip credit worthy wise like it did under Obama.. Not because we can just print more money.( inflation would do us in) rather, because the domino effect of such an act would break every other country as well.. World wide bankruptcy in effect... While countries scream, trade is argued, etc you can bet not a one will risk losing their standing to collapse.. The US included...✨💫
Tracking the Federal Deficit: January 2020
The Congressional Budget Office reported that the federal government generated a $32 billion deficit in January, the fourth month of fiscal year 2020. January’s deficit is a $40 billion change from the $9 billion surplus recorded a year earlier in January 2019. (If not for timing shifts of certain payments, the federal government would actually have realized a $1 billion surplus in January 2020 and a $12 billion deficit in January 2019.) January’s deficit brings the total deficit so far this fiscal year to $388 billion, which is 25% ($78 billion) higher than the same period last year (or $23 billion higher once timing shifts are accounted for). Total revenues so far in FY2020 increased by 6% ($67 billion), while spending increased by 10% ($145 billion), compared to the same period last year. (After accounting for timing shifts, spending rose by 6% or $90 billion.
Analysis of Notable Trends in This Fiscal Year to Date: Through the first four months of FY2020, revenue from corporate income taxes rose by 27% ($16 billion). Additionally, Federal Reserve remittances increased by 14% ($3 billion) partly due to lower short-term interest rates that reduced its interest expenses. On the spending side, after accounting for timing shifts, total Social Security, Medicare, and Medicaid outlays rose by 6% ($41 billion). Outlays for the Department of Defense rose by 7% ($14 billion), largely for procurement and research and development....~~snip~~
Methodological Note:
The monthly tracker entries report preliminary spending, revenue, and deficit data from CBO’s Monthly Budget Reviews. These summaries are released around the fifth business day of every month and preview the release of official budget data from the Treasury Department, which follows on roughly the eighth business day of every month (except end-of-year data, which tends to be released later in October). Historically, CBO’s preliminary data is accurate, often differing from Treasury’s final figures by only a few billion dollars, if at all. For example, CBO preliminarily reported that the total FY2019 deficit was $984 billion in their September 2019 review, matching the official figure that Treasury later reported.
The deficit tracker graphic is updated retroactively with official Treasury data, whereas the monthly text entries are not.
https://bipartisanpolicy.org/report/deficit-tracker/