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#Debt

8 posts8 participants2 posts today

Damn conservatives are stupid!

A short post I made on #TikTok about the history of Finland’s public #debt as a simple graph, then placing the party currently in power under each climb. Which turns out to be the time right wing.

They keep raging in the comments still several days after I posted it, keeping the post going #viral. 23000 views and counting.

I’m not even saying anything, just ”Look at the graph, it’s right there.”

They just engage. Even after I commented several times about it.

Alrighty Then!

Treasury yields spiking—exact opposite of Trump's desired lower rates.

10Y hitting 4.5%, 30Y approaching 5%

This signals a confidence crisis. #Markets are demanding higher returns on #US #debt amid geopolitical tensions and trade uncertainty.

Not just #market #volatility—this threatens America's economic credibility on the world stage. Trump's unpredictable policies appear to be backfiring in real time.

Suomen julkinen velka 1980 - 2025

Finnish public #debt 1980 to 2025

Kokoomus is the center-right neoliberal party, who always put on #austerity and say they’re doing it to ”get rid of the problem of debt”

I bet this story is the same everywhere else: If you look at what they did when they were in power, they almost single-handedly created the problem to begin with.

The most fluent liars of them all are the smiley-faced center #neoliberal #right. 👿

The #House narrowly adopted the #Republican #budget blueprint for slashing taxes for the very #wealthy & #corporations & government #spending, overcoming the concerns of budget hard-liners who fear it will balloon the nation’s #debt. The vote was a victory for Speaker #MikeJohnson, who put down a rebellion from deficit hawks, & #Trump, who had stepped up pressure on reluctant #Republicans.

#USpol
nytimes.com/2025/04/10/us/poli

Speaker Mike Johnson and Senator John Thune of South Dakota, the majority leader, at the Capitol on Thursday.
The New York Times · House Passes G.O.P. Budget After Conservative Revolt CollapsesBy Catie Edmondson

The #House to vote on the #Senate #budget resolution

#Republicans scheduled a vote for Wednesday evening, but they were still at least a dozen votes short of a majority for their fiscal blueprint.

A number of anti-#spending #HouseRepublicans said they planned to defy #Trump & oppose the measure, arguing it would add too much to the nation’s #debt.

#USpol #law
nytimes.com/2025/04/09/us/poli

House Speaker Mike Johnson can’t afford to lose many Republican votes for a budget resolution.
The New York Times · House G.O.P. Leaders Press Ahead With Budget Vote as Defectors Dig InBy Catie Edmondson

Very good article in Portuguese regarding food colonialism
The “debt of hunger” that devastates the South

We need to understand how debt captures wealth and dismantles food systems in the global South. Dependent on dollars to pay it off, states give in to extractivism and cut social spending. How can we build a large movement to overturn this form of colonialism?

outraspalavras.net/mercadovsde

ht www.biodiversidadla.org

Outras Palavras · A “dívida da fome” que devasta o Sul - Outras PalavrasÉ preciso compreender como a dívida captura riquezas e desmonta sistemas alimentares no Sul global. Dependentes de dólares para pagá-la, Estados cedem ao extrativismo e cortam gastos sociais. Como construir um grande movimento pela anulação desta forma de colonialismo?

CREDIT CARDS

going into debt for buying groceries has been so normalized, that’s why those fascist bootlicking fuckwads have no conception of living without safety net.

#debt is the MAGA safety net.

and capitalists are very happy to oblige in extending their lines of indentured servitude, if it means those people wont revolt and call for their heads.

yet another example of how #corruption is the foundation of #fascism.

newsie.social/@therobburgesssh

NewsieThe Rob Burgess Show (@therobburgessshow@newsie.social)Prices at all sorts of stores are already way up. I wonder how the folks who voted for this very stable genius explain this to themselves.
Replied in thread

Cognitive dissonance

Until February 2025, Europe had been a willing tool of US foreign policy. Realizing it just now, the rulers cannot change their belief in standing for good versus evil. So they choose to change their narrative from one of enlightenment to one of rearmament.

"In spite of all the grand-standing and posturing, Europe has been reduced to a geopolitical appendage of the United States, following Washington’s lead in prolonging the conflict while shouldering the costs. While the EU sees itself as a global moral authority, it has been sidelined in actual negotiations. Instead, peace talks are being brokered by the U.S. and China, with Europe playing no decisive role. Even within the European Parliament, there exists a near-religious belief in a narrative that contradicts basic military and economic realities."

(Read or watch) pascallottaz.substack.com/p/th

Rearmament is an opportunity for capital to obtain reductions in welfare and public services, at the cost of lower profitability.

Chatham House: “Politicians will have to brace themselves to reclaim money through cuts to sickness benefits, pensions and healthcare.”

Britain’s finance minister Rachel Reeves, who has been steadily cutting spending on child credits, winter payments for the aged and disability benefits, announced that the remit of the Labour government’s new National Wealth Fund would be changed to let it invest in defence.

More military spending spurs growth but can damage the ‘health’ of the capitalist accumulation process: thenextrecession.wordpress.com

Continued thread

Elon Musk’s X raises $1bn in new equity fundraising round

#SocialMedia group is valued at $44bn, matching the price the billionaire paid in 2022
ft.com/content/d61eed58-65ef-4

"The fundraising, which values X at $44bn incl #debt, comes as #Musk has forged close ties to #DonaldTrump...

Shares in #Tesla, the electric automaker co-founded by Musk, have tumbled recently as some consumers have shunned the brand, but parts of his private empire have been boosted."

Continued thread

…The wrinkle in the effort is the #DebtCeiling, which limits how much the government can borrow. Faced with this roadblock, the #Treasury is using cash from its account at the #Fed to pay bills, which is adding liquidity into the system. When the #debt ceiling is raised, assuming that happens, the Treasury will likely seek to rebuild its account, which will take liquidity back out of the system.