Austerity refers to a set of economic policies implemented by governments to reduce budget deficits, typically through spending cuts, tax increases, or a combination of both. It often involves living with fewer luxuries and limited resources due to economic constraints.
Not long ago, it was revealed that the USA would soon not be able to pay the interest on the national debt.
this is the definition of insolvency
Insolvent refers to a person or company that is unable to pay their debts when they are due, meaning their liabilities exceed their assets. This financial condition can lead to bankruptcy or other legal actions to address the inability to meet financial obligations.
during COVID, the government did some really shady stuff, for example sending COVID+ people into a nursing home to "quarantine".
then what happened? some vulnerable people got infected and died.
why?
because they are "useless eaters"
old, frail people who collect a social security check every month, have medical bills that tend to keep going up, and they don't really contribute much to society or the economy. they don't work. they are just waiting to die at this point.
so, they "cull the herd"
and it wasn't just the old people in nursing homes.
remember when they insisted on vaccinating ALL the old people first?
then what happened?
all the old people lined up and got the vaccines, after a lifetime of being brainwashed about polio, measles, and smallpox.
the vast majority of old people got "vaccinated", and then later when they started to die off in the days, weeks, or months following the vaccine, nobody thought anything of it, because they couldn't connect the dots between getting shots, and death.
the way these bioweapons work is to suppress your immune system, so you get things like "turbo cancer", so it looks like you died of cancer instead of dying of bioweapon.
but killing off the old and frail isn't enough to stop the bleeding.
it is the insatiable nature of the exponential growth of compounding interest, to require more and more every day,
and once we have crossed that line into insolvency, it will only continue to get worse, unless something (even more) drastic is done
enter DOGE
the "department of government efficiency"
which is currently headed up by Elon Musk, (who honestly is just another fucking clown, with way too many irons in the fire)
the entire DOGE operation just seems fishy af.
i mean, i like the idea as much as everyone else, BUT...
honestly i don't think the POTUS has that kind of power.
the power of the purse belongs to the Congress,
and if the Congress allocates money for something, then the POTUS either signs it or vetos it, and once that ball is rolling its kinda hard to stop it or back up.
so Elon Musk rolls into town, and "discovers" all of this "waste, fraud, and abuse"
and my question is, wasn't all this "waste, fraud, and abuse" public information already?
i mean, if i want to know the salary of the principal of my local high school, i can just look it up because its public info. i don't even need to file a FIOA request or anything
so how is it that Elon Musk suddenly has access to all this government spending info?
maybe all of this waste, fraud and abuse was always in plain sight, but nobody bothered to look at it because its nothing compared to the total US government budget?
maybe Elon Musk is simply publicizing some of the most egregious abuses, to get the public on board with the spending cuts?
they start with the low hanging fruit, like paying for drag shows in other countries, to get the people on board with the program,
but these cuts will never, ever be enough, so pretty soon they are cutting other things that you might actually want, like road maintenance...
the money supply -
there is a certain amount of "money" floating around in the local economy.
lets say the amount of money in the local economy is called 100%
if we increase the money supply to 110%, then that is "inflating" the money supply, which causes "inflation", or what we experience as the devaluation and purchasing power of our money
if we decrease the money supply to 90%, then this is "deflation" of the money supply, which we experience as a scarcity of money, and when almost everyone is broke, your local economy slows down, and everyone gets "behind" on bills, etc.
so lets say there is ONE BIG COMPANY in town of 70,000 and it employs a lot of people.
then one day the company decides to lay off 10,000 skilled craftsmen.
what happens when 10,000 skilled workers in a small city are not bringing in a paycheck anymore?
the money supply of the local economy dries up real fast.
so, we have unemployment, not just for the 10,000 workers who got laid off, but for the entire local economy that would collapse without an outside infusion of money
in economic theory, if the private sector is contracting, then the public sector, or "government spending" should increase, to keep money in peoples pockets thru ups and downs of local economies
the TVA Tennessee Valley Authority is a good example of this
so, while nobody likes the "waste fraud and abuse", the money that the government spends does wind up in the economy,
so, theoretically all of this cutting that is being done by DOGE, should cause a shortage of money in circulation, but has it really?
the root cause of all of our economic and financial problems is that we have a usury-based money supply, which will eventually collapse, like every usury scheme that came before it
the usury class are the people who own the world, and they will never give up their usury schemes, anymore than a rancher would give up his cattle. its in their family tradition going back many generations.
so, they will what whatever is necessary to maintain their usury-based money supply, and if that means killing off a bunch of old useless eaters, then thats a price they are very willing to pay.
I think the money section needs more thought. Not trying to critiize, but am kinda expanding, only to nudge and converse - that's what we are here for.
You treat 'money' as a tangible asset. Most people do. However, there is a whole 'nuther phase to it. Sort of a flip side. That's borrowed money.. the black hole of debt, although I concede you talk about a usury class (fair enough). But. Most people don't see a 5000 dollar credit card as usury, nor a car-loan, nor even a mortgage. Yet, you end up paying for two cars, and three houses doing one of each - so one tends to agree with that usury thing. But really, mortgages and car-loans allow us to have security of a roof and means of making money - so kinda vital in today's society.
And it's not black and white. For example, as one pays off a mortgage, the value of the house can go up, or down. If it goes up all that money belongs to the owner, not the bank - so winning, prolly akshully beating inflation. In that case, the bank is a very helpful partner. If the market goes down, there is a dangerous place, financially, where one might go 'upside down' on the loan - that is, it's a bust. To avoid that: one must have a 'buffer' that can be 'eaten' into by a rapidly dropping market, and hang on. One way is to not do renovations for say ten years, unless absolutely necessary.
Most people do not know how to plan for the drastic housing-market collapses caused by feverish activity. (hint, something, something buy a smaller, cheaper house and plan to pay it off faster - the only truly dangerous bit is the money the bank can take you to the cleaners for, so be happy with less, don't try and show off).
+1 good writeup on economic effects of overspending , social theory policy expose on useless eaters
— title adaptation from None Dare Call it Conspiracy by Gary Allen, None Dare Call it Treason by John Stormer, or both?
There is more going on than meets the eye and DOGE is a flashy, but small part of it.
You’re right, a lot of what DOGE is finding was known to some. But, the spectacle of young software engineers cracking these antiquated government systems has opened more eyes than a briefing ever would.
As for Presidential authority to unilaterally cut spending? I believe Fraud, Waste, and Abuse laws provide the legal basis for cutting this spending without the need for Congressional action. That is why POTUS and the Administration reference Fraud, Waste, and Abuse so frequently.
Congress, as always, is a potential stumbling block. Through the public spectacle of DOGE, POTUS is giving Congress the ammunition it needs to cut spending and pass it through the filibuster proof reconciliation process. This is still problematic because it requires Republicans stick together.
There won’t be austerity measures President Trump wouldn’t be touting a Golden Age if austerity was even remotely necessary. A big part of the economic plan is to increase government revenues through tariffs.
That can happen in two ways. The first is foreign countries keep their tariffs in place and pay the reciprocal tariff. Or, they eliminate their tariffs on us and we see a boom in demand for our goods and services. This increase in economic activity increases income tax revenues without raising rates.
Let me end with a note on DOGE. My belief is the lasting contribution of DOGE will be a sophisticated piece of software that enables the President’s core team to manage the Executive Branch Agencies at a level never seen before. It will end the ability of these Agencies to act as counter intelligence operations that circumvent the will of the President and the people.
Mexico and Canada have dropped their tarrifs already.
How bout let the town userer hold on to their dying system and reboot America with a digital system.
Trump isn’t going to save them from The semiannual engineered economic crash.
The reboot will be tokenized on a new digital transparent market.
credit union: $5 minimum
silver union: 1 oz minimum
Lol
Yes I'm succinct.