In a Wednesday tweet, Sen. Ron Wyden (D-OR) claimed that Congress could cut the budget deficit by $23 trillion in a decade simply by eliminating the “defense slush fund” and “the nuclear war slush fund.” In reality, these funds represent the vast majority of discretionary spending over the next decade—and the Senator’s proposal would effectively eliminate US nuclear weapons and leave the country unarmed.
Tag: Economic crisis
Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis
Germany’s once-thriving economy is facing unprecedented challenges, raising concerns about its future prosperity. The country, long regarded as an economic powerhouse in Europe, is now grappling with a confluence of factors that have eroded its competitiveness and dampened growth prospects.
Russia’s energy squeeze, soaring inflation, and supply chain disruptions have taken a toll on German businesses, particularly those in energy-intensive industries. Additionally, the country’s reliance on exports has been hindered by weakening demand from key markets, further exacerbating economic woes. As a result, Germany’s once-robust economy is now teetering on the brink of recession, raising questions about its ability to maintain its previous economic dominance.