Tag: Treasury Bonds

Neo-liberal Macron government in France pushes 2023 budget without parliamentary vote + French Labor Unrest Illustrates Worsening Economic Crisis Within the EU

Tina Marie (Ms. Cat)

The austerity-ridden budget was approved without a vote on after the government involved a controversial provision of the constitution. Earlier, left-wing MPs had passed several amendments to the government’s proposals

Neo-liberal Macron government in France pushes 2023 budget without parliamentary vote

Related:

French Labor Unrest Illustrates Worsening Economic Crisis Within the EU

‘We the People’ Are the New, Permanent Underclass in America

Tina Marie (Ms. Cat)
Zerohedge.

By John W. Whitehead & Nisha Whitehead, April 11, 2022

This is financial tyranny.

The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who must foot the bill for the government’s fiscal insanity.

‘We the People’ Are the New, Permanent Underclass in America

How Congress Manufactured a Postal Crisis — And How to Fix it

Tina Marie (Ms. Cat)

How Congress Manufactured a Postal Crisis — And How to Fix it

In 2006, Congress passed a law that imposed extraordinary costs on the U.S. Postal Service. The Postal Accountability and Enhancement Act (PAEA) required the USPS to create a $72 billion fund to pay for the cost of its post-retirement health care costs, 75 years into the future. This burden applies to no other federal agency or private corporation.

If the costs of this retiree health care mandate were removed from the USPS financial statements, the Post Office would have reported operating profits in each of the last six years. This extraordinary mandate created a financial “crisis” that has been used to justify harmful service cuts and even calls for postal privatization. Additional cuts in service and privatization would be devastating for millions of postal workers and customers.