this post was submitted on 19 Sep 2023
148 points (100.0% liked)

Politics

10186 readers
749 users here now

In-depth political discussion from around the world; if it's a political happening, you can post it here.

Guidelines for submissions:

These guidelines will be enforced on a know-it-when-I-see-it basis.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
kalanggam@beehaw.org
circularfish@beehaw.org
knokelmaat@beehaw.org
Gaywallet@beehaw.org
JuBe@beehaw.org
alyaza@beehaw.org
TheRtRevKaiser@beehaw.org
JCPhoenix@beehaw.org
remington@beehaw.org
148
House GOP Unveils Budget With Trillions in Cuts to Medicaid, Food Benefits, and More (www.commondreams.org)
submitted 1 year ago by trashhalo@beehaw.org to c/politics@beehaw.org
26 comments fedilink hide all child comments
 

House Republicans unveiled a budget blueprint proposing trillions in spending cuts over 10 years, targeting steep reductions to Medicaid and food assistance programs. The plan seeks $2 trillion in Medicaid cuts and $800 billion from SNAP. It also calls for establishing a commission to propose changes to Social Security and Medicare. Democrats criticized the proposal as pushing "cruel cuts" that will hurt access to healthcare and raise costs for many. If enacted, the budget would slash nearly $5 trillion from discretionary spending and $9 trillion from mandatory programs over a decade. However, the proposal is unlikely to become law given Democratic control of the Senate. The resolution indicates Republicans remain committed to large cuts across many public services and low-income programs.

you are viewing a single comment's thread
view the rest of the comments
[–] wintermute_oregon@lemm.ee 3 points 1 year ago (1 children)

And? We only have the largest gdp and a professional army.

GDP is the standard used.

Look at Ukraine and you will see the money has been well spent. A small country has been able to fight off a previous super power for over a year.

That’s only with a 3% spend. So I fully support the military as it also paid for my education.

[–] Poggervania@kbin.social 4 points 1 year ago* (last edited 1 year ago)

GDP isn’t the end-all be-all for economic performance. Consider that real estate also contributes to GDP, and we have been getting some fucking expensive housing in recent years. It doesn’t equate to more money, so it’s effectively padding our GDP. All GDP does is give a rough estimation of how much a country is valued at best, and at worst it’s a padding game to show who has the biggest number.

If you want a good indicator for how well a country is doing economically, CPI is a better start than GDP - which, by the way, China is fucking decimating the US in that regard. Their reported CPI is around 100 points while the US is at around 300 points. You generally want lower CPI as it indicates inflation if it’s super high like the US.