By Ryan McMaken
The Treasury Department posted its latest revenue and spending totals this week, and deficits continue to mount at impressive speed.
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15 sats \ 2 replies \ @Satosora 3h
The bitcoin reserve wont help in any way.
The usa needs to get their spending on a tighter leash.
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10 sats \ 1 reply \ @Undisciplined OP 3h
Hopefully, that's coming soon.
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24 sats \ 0 replies \ @Satosora 3h
Have to wait and see what kind of shitstorm trump brings
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20 sats \ 2 replies \ @BlokchainB 5h
Someone is getting $2T in assets backed by the full faith and credit of the United States people.
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0 sats \ 1 reply \ @Undisciplined OP 5h
And, bitcoin's purchasing power tends to increase at 9x the rate of money printing.
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0 sats \ 0 replies \ @BlokchainB 4h
Chart?
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16 sats \ 0 replies \ @grayruby 6h
Pocket change
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15 sats \ 6 replies \ @Msd0457890 8h
This is due to the inflation that is already in the United States ? or to the uncontrolled printing of the same government ? and we are talking about Baiden's management because Trump has not yet taken office.
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0 sats \ 5 replies \ @Undisciplined OP 7h
It's what they're on pace for already. This projection is based on the first month of the new fiscal year (which is not the same as the calendar year, for some obscure reason), so it is still the Biden administration.
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12 sats \ 4 replies \ @Msd0457890 7h
So legally they continue to denigrate or take away value from the currency, that is, the 💲 dollar.
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0 sats \ 3 replies \ @Undisciplined OP 7h
Yeah, Congress passes funding resolutions and the President oversees the spending.
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23 sats \ 2 replies \ @Msd0457890 7h
But what measures should they take to reduce spending? Because from what I know they were spending more than what was coming into their economy and that is totally harmful.
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12 sats \ 1 reply \ @Undisciplined OP 6h
There are lots of good options, but they aren't likely to do them:
- Bring the troops home and sell off the foreign bases
- End all corporate subsidies
- Smooth out the welfare cliffs
- End "foreign aid"
- Relocate federal agencies away from DC (it's the most expensive place in the country)
- Rescind locality pay for remote eligible workers
- Cut departments and agencies down to their minimal size
- Give managers/directors/secretaries bonuses for reducing expenses
- Sell off or rent out federal lands and properties
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20 sats \ 0 replies \ @Msd0457890 6h
That's how the government is, that's how the system is. They know the solution but not the practice.
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0 sats \ 0 replies \ @B_rian 4h
Late stage 🤡 🌍
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0 sats \ 0 replies \ @Bit_Alb 6h
That's very bad!
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