$24B for war in days, while social programs get labeled “too expensive.” The numbers don’t just measure cost—they reveal priorities. #WarSpending #Policy

#PetroYuan?
#DeDollarisation:

the dangerous part for #Canada is what happens when the #Pentagon & 18 #intelligenceagencies notice…

🍁 #CANpoli 🍁 #CDNpoli 🍁 #CanadaSky 🌌 #UScurrency

#economics #ECB #inflation
#RateHikes #FuturesMarkets
#MonitaryPolicy #Iran #USFedReserve
#WarSpending #USTreasury

Dire Strait #Congress #FederalBudget #WarSpending #Iran #StraitofHormuz

ARE WE REALLY TOO BROKE FOR HEALTHCARE — OR JUST NOT BROKE FOR WAR?

When politicians claim “no money” for healthcare, childcare, or families, but spend billions for bombs and foreign wars, where are their priorities?

#WarSpending #HealthcareCrisis #Priorities #ElizabethWarren

Exposing the contradictions: Ron Filipkowski questions the push for massive war funding despite claims of military readiness. #WarSpending #Politics2026

Digital illustration of a solemn young Black child standing outside a brick building holding a sign that reads, “they got money for WARS…” Faint text above the doorway behind the child reads, “but can’t feed the poor.” The image critiques government spending priorities, contrasting military funding with poverty and hunger.

“𝑇ℎ𝑒𝑦 𝑔𝑜𝑡 𝑚𝑜𝑛𝑒𝑦 𝑓𝑜𝑟 ________
𝑏𝑢𝑡 𝑐𝑎𝑛’𝑡 𝑓𝑒𝑒𝑑 𝑡ℎ𝑒 ________”

🙄😒

ɹooԀ ‘sɹɐʍ :ʎǝʞ ɹǝʍsu∀

#NikkolasSmith #EndEndlessWar #PeaceOverWar #WarSpending #InvestInPeople #FundCommunities #PrioritiesMatter #StopTheWarMachine #EconomicJustice #CareEconomy #PeopleOverProfit #AntiWarMovement
#NoWW3

Russia, under war spending pressure, set for more austerity, tax hikes By Darya Korsunskaya MOSCOW (Reuters) -Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia’s economy creaking under the weight of financing the more than three-year war in Ukraine, officials and economists say. President Vladimir Putin has rejected suggestions that the war is killing Russia’s economy, but the budget deficit is widening as spending mounts, while revenue from oil and gas is declining under pressure from Western sanctions. Highly anticipated talks between Putin and his U.S. counterpart Donald Trump in Alaska last week did not yield a ceasefire, giving Moscow, which would prefer to move straight to a peace settlement, a strategic boost, but a spending headache. Russia’s economy is cooling, with some officials warning of recession risks, and though interest rates are starting to come down from 20-year highs, its budget deficit has widened to 4.9 trillion roubles ($61 billion), suggesting Russia will struggle to fulfil its current obligations and keep financing the war at its current pace. "Given the more pessimistic estimates of economic indicators and the decline in oil and gas revenues, we will need to urgently start fiscal consolidation," Anatoly Artamonov, head of the upper house of parliament’s budget committee, said in late July. Budget spending has almost doubled in nominal terms since Russia invaded Ukraine in February 2022, a significant fiscal injection that fuelled inflation and forced the central bank to hike rates to as high as 21%, sharply raising corporate borrowing costs. Combined spending of 17 trillion roubles on defence and national security in 2025 is at its highest since the Cold War, accounting for 41% of total spending and making the defence sector the primary driver of economic growth as civilian output declines. Putin said in June that Russia plans to reduce military spending, but for now, officials still expect an increase. "We cannot cut spending on national defence and ... in all likelihood, we will have to increase it," Artamonov said. LESS ’COMFORTABLE’ The 2025 budget, to be presented in September, provides for defence and security spending at 8% of GDP, but a Russian government source said the actual figure was slightly higher. There will be no reduction in defence spending in 2026, the person said, but a decline is possible in 2027 should hostilities cease, as other spending areas fight for resources. "Even with a ceasefire, shells and drones will still need to be made, but on a slightly smaller scale," the person said, noting that Moscow will need to keep up with higher Western defence spending. "There will be no return to the level that existed before the ’special military operation’," the person said. Artamonov, writing for the RBC daily, suggested Russia may need to reduce non-defence spending by 2 trillion roubles each year until 2028 and redirect those savings to the defence budget. "In the next three years, we will not have enough means to live as comfortably as we do now," Artamonov said. This year is the first when total education and healthcare expenditure at the federal and regional level is noticeably decreasing as a share of GDP, said Sergei Aleksashenko, former deputy governor of Russia’s central bank and a senior fellow at the NEST Centre in London. Aleksashenko said he expects tax rises and a spending cut in real terms by indexing expenditure on things like pensions below the inflation rate, which the central bank forecasts at 6-7% this year. The government source said raising taxes was unavoidable: "Otherwise, we simply won’t be able to make ends meet, even with a reduction in defence spending. Oil and gas revenues are falling and the economy cannot fully compensate for this." Finance Minister Anton Siluanov hinted at austerity measures as early as April, advising government colleagues "to be modest in their desires" regarding spending. Deputy Finance Minister Pavel Kadochnikov in July said spending on soldiers fighting in Ukraine and their families was the priority and that Russia should consider "eliminating" non-priority spending. "PROLONGED PERIOD OF WEAK GROWTH" Budget consolidation ultimately puts more pressure on Russia’s economic growth, although a low net debt-to-GDP ratio of around 20% gives Moscow some wiggle room. "Russia’s economy is struggling under the weight of high interest rates and the ongoing war effort," said Liam Peach, senior emerging markets economist at Capital Economics. "A prolonged period of weak growth lies in store." Analysts expect Russia’s budget deficit, which exceeded the full-year target in January-July by over 1 trillion roubles, to be wider than planned. The government source estimates this year’s deficit at around 5 trillion roubles, or 2.5% of GDP. CentroCreditBank economist Yevgeny Suvorov said the deficit could stretch to 8 trillion roubles as Moscow’s spending would require an almost 20% year-on-year real-terms cut in August-December to meet the 2025 spending target of 42.3 trillion roubles. "The central bank is in no hurry to lower the key rate, including because the budget deficit may be higher than planned," said a senior source familiar with finance ministry plans. ($1 = 80.3500 roubles) With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Click Subscribe. #Russia #WarSpending #Austerity #TaxHikes #Economy

Reader Read and highlight anything

7/9
🇮🇱 Israel’s Gaza war costs top $87B, says Smotrich
Calls for full annexation
📰 read.readwise.io/archive/read...
#Israel #Gaza #WarSpending

From the TheAverment community on Reddit: No New Wars Until Every Veteran Is Housed, Healed, and Heard Explore this post and more from the TheAverment community

We can't keep funding new wars while veterans sleep on the street.

No more bombs until every vet is housed, healed, and heard.

Full post: www.reddit.com/r/TheAvermen...

#Veterans #TheAverment #WarSpending #Trump #Iran #Fascists

a man in a suit and tie says that he is dead serious ALT: a man in a suit and tie says that he is dead serious

1. Minimum Wage tied to GDP by region.
2. National Healthcare (non-corp only).
3. National K-30 education (non-corp MBA, PhD).
4. Popular Vote (abolish elector college).
5. Close Constitutional Gaps that are now VERY well known.
6. Mandatory retirement age, #Congress & #SCOTUS.
7. CUT #WarSpending