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: Financial instability
Another Jolt of Uncertainty for a Global Economy Mired in It
With the ink barely dry on the winter´s misery of Ukraine, a new storm is brewing. Inflation is gripping the globe, economies are teetering on recession, and central banks appear helpless, stuck between a rock and a hard place. As governments and policymakers struggle to find a path through the storm, there´s a growing sense of unease. It´s as if the world is caught in a recurring nightmare, with each jolt of uncertainty pushing us further into the darkness.