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politics @lemmy.world

The Project 2025 Presidency: The blueprint for Trump 2.0 predicted much of what we’ve seen so far—and much of what’s to come.

politics @lemmy.world

U.S. Officials to Cut Funding for Landmark Study of Women’s Health | Women’s Health Initiative has produced thousands of research papers, altering medical care for patients around the world

politics @lemmy.world

Trump Asks ‘How High?’ After Xi Tells Him to Jump

News @lemmy.world

Brain Drain: Scientists Are Fleeing the U.S. as Trump Cuts Funding | Mass firings and cuts to research funding are causing American scientists to look for opportunities overseas

politics @lemmy.world

Trump aides look at shrinking at least 6 national monuments for mining, oil

News @lemmy.world

Almost Half of Americans Breathe Unhealthy Air, Report Finds | Weakening or rolling back longstanding environmental regulations would worsen the problem, the American Lung Association assessment says.

World News @lemmy.world

World Leaders From China to EU Hold Climate Meeting Without US

News @lemmy.world

Meteorologists say NWS cuts degraded forecasts during recent storms

politics @lemmy.world

Inside the small agency with a grand plan for Trump’s global energy dominance

politics @lemmy.world

Inside The Fight To Return The Other Men Trump Sent To CECOT | The administration removed more than 100 Venezuelans to the detention camp without using the Alien Enemies Act.

politics @lemmy.world

National Science Foundation Terminates Hundreds of Active Research Awards | The agency targeted grants focused on diversity, equity and inclusion, as well as research on misinformation.

politics @lemmy.world

US FDA suspends milk quality tests amid workforce cuts

News @lemmy.world

Dow Headed for Worst April Since 1932 as Investors Send ‘No Confidence’ Signal

politics @lemmy.world

A Ticking Clock on American Freedom | It’s later than you think, but it’s not too late.

politics @lemmy.world

A simple tweak to tax law has helped bring solar power to the communities that need it most; The Inflation Reduction Act lets companies sell their clean energy tax credits for cash. Now that's at risk

News @lemmy.world

Maryland Protected Nearly a Third of Its Land, and It’s Reaching for More | Nine states have set goals to conserve 30 percent of their land by 2030. Maryland got there first.

politics @lemmy.world

Gov. Ferguson signs bill restricting out-of-state military forces in Washington

News @lemmy.world

Tesla settles lawsuit by Black worker who alleged widespread racism at Fremont electric car factory

politics @lemmy.world

Harvard Sues Trump Administration Over Threats to Cut Funding

politics @lemmy.world

Bukele Proposes Deal That Would Free Deported Venezuelans

  • What they're doing as a result of constituent pressure is voting 'no' on everything. It's not having a huge impact yet because confirming cabinet appointments only needs 51 votes, and Republicans have that with a few to spare.

    The place it'll be meaningful is on the debt ceiling increase, where it will take Democratic votes to pass it in both houses.

  • We are very very far from anything like the Star Trek prosperity society though. I'm not expecting changes to monetary policy to be able to get us there either; they're a way to moderately improve peoples' lot, and to shift the balance of power from capital to labor and tiny bit

  • It was part of how we got out of the Great Depression — it transferred money from the owning class to people who had debts. We don't actually want to go back to gold (or any other non-inflationary currency) because it gets rid of the flexibility to do that, which part of how we prevent bad recessions from turning into deflationary recessions.

    In any case, having fiat currency, or not, is a separate issue from whether the US will actually pay its debts as promised. And it's the debt payment that Trump is putting in question.

  • A lot of countries have defaulted without doing that. I'm a lot more concerned that it'll cause an interest rate spike, with associated stock market crash, and bring on a sharp cut in business investment and employment.