"If it wasn’t already crystal clear to you.
Let me spell it out for you.
They’re never going to get fiscally responsible.
They’re never going to cut spending & voluntarily put the economy into a recession to get our finances in order.
They’re going to
devalue your bonds in real terms & wipe away all your savings and the value of your currency.
The impetus is on you to invest around that reality."
-S Hakimian
#Stagflation #Deficit #Republicans #Budget #Trumpcession #Privatization #USPol
Next up in our tour of budget analysis on Common Dreams, I'd like to share a report that demonstrates why I'm referring to this bill as a literal "class war" budget. This monstrous bullshit is basically a nesting doll of terrible policies and financial gifts for some of the worst people in our society, at the expense of the most vulnerable. In addition to ripping over a trillion dollars out of social safety net programs, the reconciliation bill *also* creates a tax shelter for rich people funding the longstanding fundie fascist quest to privatize American schools, while effectively disincentivizing actual charitable giving.
https://www.commondreams.org/news/republicans-school-privatization
GOP Bill Gives Rich Funders of Deeply Unpopular School Privatization 'A Lucrative Tax Shelter'
"In effect, according to an analysis published Thursday by the Institute on Taxation and Economic Policy (ITEP), the legislation "allows wealthy individuals to avoid paying capital gains tax as a reward for funneling public funds into private schools."
"While the bill significantly cuts charitable giving incentives overall, nonprofits that commit to focusing solely on supporting private K-12 schools would be spared from those cuts and see their donors' tax incentive almost triple relative to what they receive today," ITEP explained. "On top of that, the bill goes out of its way to provide school voucher donors who contribute corporate stock with an extra layer of tax subsidy that works as a lucrative tax shelter."
"The House tax plan would create a system that treats people supporting private K-12 vouchers far more generously than donors to children's hospitals, veterans' groups, and every other cause imaginable," the group added.
ITEP estimated that if the policy had been in effect in 2021, billionaire Elon Musk could have saved $690 million in federal capital gains taxes."
As I wrote back when Trump named school voucher advocate Betsy DeVos his first Education Secretary, the privatization of American schools is a longstanding goal of ruling class fundie fascists, who stand to benefit from that privatization in a plethora of ways. Not only do these folks have billions of dollars invested in private education companies looking to monetize the replacement of America's public education system, they also want to establish those schools as Christian Nationalist indoctrination centers away from the prying eyes of state regulators, advocacy groups, and teachers unions. These folks paid a lot of money to buy GOP politicians and everything about this aligns completely with the Trump administration's fascist agenda, so I'm not at all surprised that the GOP is now trying to actively incentivize investing in school privatization; if you want to know why the Pork Reich is busy trying to sabotage public education, look no further than the millions and millions of dollars the folks behind the Christian Nationalist school voucher lobby stand to gain from it.
https://www.cbc.ca/news/canada/postal-service-future-privatization-1.7414824
Canada Post is not a for-profit company.
We have to reject it being framed that way.
It is a taxpayer-funded crown corporation providing an essential public service to all of us.
Health care privatization costing ON taxpayers a fortune. "The findings of the Canadian Centre for Policy Alternatives study that Ontario hospitals spent more than $9 billion on forprofit nurse staffing agencies in the past decade shows the extent of privatization and the false economy that has resulted from underfunding the province's publicly funded and delivered healthcare system." #ford #ontario #healthcare #privatization
https://www.policyalternatives.ca/news-research/hollowed-out/
“There're no winners in tariff wars or trade wars. Bullying or hegemonism only leads to self-isolation,” Xi said during a Tues speech.
"Unity & coop among nations were “indispensable for safeguarding” global peace & stability."
Bessent said that the highest #tariffs imposed by Xi & Trump were “the equivalent of an embargo, & neither side wants that. We do want trade.”
#Bullying #Kleptocracy #Fasism #Corruption #Privatization #China #TradeWar #Trumpcession #USPol
https://thehill.com/policy/international/5297537-xi-trade-policy-trump/
New York: Orthodox Jewish Schools Hope to Evade the Law and Collect Public Money - Dark ages education not acceptable. https://dianeravitch.net/2025/05/06/new-york-orthodox-jewish-schools-hope-to-evade-the-law-but-collect-public-money/ via @dianeravitch #Privatization
"Trump ramps up attacks on Powell, demands ‘loser’ Fed chair lower rates 'NOW."
We wish this were the Onion, but Trump manages to ruin Easter week, & the foreseeable future bc his tariff's are wrecking the US #economy, & most of the global economy. His #privatization plan isn't subtle. Will GOP MOC continue to appease him? The equity markets are reeling, long rates are
, the$ is
, LEI is0.7%... Economists say that HIS #tariffs are causing inflation.
#USPol #Trumpcession
https://www.cnbc.com/2025/04/21/trump-powell-attacks-interest-rates-fed.html
“The WH may not realize: manufacturing isn’t like a computer.
When you turn it off -can’t simply turn it on again.
“Factories all over the world, esp those focussed on the US market,are laying off their WKRs, bc *don’t have orders or bc they can’t afford imported raw materials & components made more expensive by the #tariffs.
-Molson
Trump is sabotaging economies, worldwide. Rs are complicit. Do they believe that the goal of #privatization will benefit them, or are they morons?”
#USPol
The WH said CN is facing up to a 245% tariff on imports to the US as a result of its retaliatory actions.
Trump launched an investigation into the nat sec risks posed by US reliance on imported processed critical minerals & their derivative products.
Cutting off Chinese importscomplicates American supply chains,costs & forcing bus' to source from elsewhere. Consumers faceprices.
Trump is intentionally wrecking the fed govt/economy for #privatization.
#USPol #Tariffs https://www.newsweek.com/china-245-trump-tariff-2060295
"The president wants to balance US trade deficits? He can’t do it w/o this industry he hates.
Trump says he wants to reduce our trade deficit. Yet he’s destroying one of our winningest exports: higher education.
Colleges & universities are among US's most competitive INTL exporters. In dollar terms, last year, the US sold more EDU svcs to the rest of the world than it sold in natural gas & coal combined."
#Privatization #Coup #Republicans #Visas #Resist #April19 #USPol https://www.washingtonpost.com/opinions/2025/04/15/trump-higher-education-colleges-trade-war/
EU EXPECTS US TARIFFS TO REMAIN AS TALKS MAKE LITTLE PROGRESS
Equity markets are being way too complacent if you ask me."
-S Hakimian
"MSM is missing the point, Trump, with the aid of Congressional Republicans, is intentionally tanking the economy for #privatization.
"Trump, Xi "don't have any plans" to speak amid tariff standoff."
"Japan PM cautions against major concessions in US trade talks."
#Tariffs #Trumpcession
#Resist #April19 #USPol
https://www.cbsnews.com/news/jamieson-greer-trump-xi-tariff-standoff/
https://thehill.com/policy/international/5247771-japan-trade-talks-us/
“DOGE operatives have repeatedly referred to the software co Palantir as a possible partner in creating a “mega API” -a bridge that lets software systems talk to one another for accessing #IRS data. The agency is expected to partner with a 3rd party vendor to manage certain aspects of the data project.
Nightmarish: our private financial data will likely be the hands of Trump, Musk & their goons, incl #Palantir.
#DOGE #Musk #Trump #Sabotage #Privatization #Resist #USPol
https://www.wired.com/story/doge-hackathon-irs-data-palantir/
“And there it is.
The last LIE that Trump was selling to his supporters was that trashing the US economy would somehow bring back manufacturing jobs to Americans.
The oligarchs don't want this though. Instead, they're having Trump tank stocks & other assets so they can buy the dip. They've been wanting a crash so they can strip-mine the economy & privatize everything, including schools, water plants, electricity, the military, policing.”
-M Sheffield
#Privatization #Recession #Tariffs #USPol
"RU doesn’t get hit with Trump #tariffs bc WH says US doesn’t trade with RU (bc of the war).
US-RU trade is presently ~$3B/yr.
Which doesn’t sound like much until you realize: US also just hit Lesotho with 50% tariffs…& their entire GDP is just >$2B."
-I Bremmer
Some journalists understand that Trump is aligned with Putin, but they fail to connect the dots. Trump is sabotaging the US to draw closer to RU for trade... & to DESTROY THE FED GOVT for #privatization.
#USPol
https://www.nytimes.com/2025/04/03/business/economy/russia-us-tariffs-trump.html
Jeremy Corbyn rails against greedy water companies
https://www.youtube.com/watch?v=rNQ5Yf9u9s4&t=13s
A private members bill contesting ownership of water companies is making it's way through Parliament.
Just this week, it was reported water companies are still dumping record litres of sewage into Britain's waterways.
“Privatization costs more, is less efficient, has worse outcomes, and people get less.
#DOGE has never been about finding fraud and waste. Its goal is to privatize essential government functions and give contracts to Trump and Elon’s circle of #oligarchs.”
-M D’Arrigo
If the #TrumpMusk regime succeeds in their goal of privatizing most of the fed govt, it’ll exacerbate health inequalities & destroy
the social safety net.
#Privatization #Musk #Trump #HHS #Resist #USPol
https://www.theguardian.com/us-news/2025/mar/29/health-department-private-sector-takeover
#DOGE wants businesses to run #US #government services ‘as much as possible’
#ElonMusk’s effort is pushing #privatization — a longtime goal for #Republicans & for #SiliconValley alike — across #FederalAgencies
#Mail delivery. Federal #RealEstate. #ForeignAid grants. The #Trump admin is moving to privatize a sweeping number of govt functions & assets….
#RichGetRicher #Plutocracy #Corporations #Kleptocracy #Oligarchy #USpol #law
https://www.washingtonpost.com/technology/2025/03/30/doge-privatize-government-usps-trump/
rk T