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#austerity

16 posts14 participants0 posts today

For the bottom 60% of US households,🚨a "minimal quality of life" is out of reach, acc to the group, a research org focused on improving lower earners' economic well-being.

"The middle class has been declining — we just haven't recognized it fully."

"The House GOP’s ‘Big Beautiful Bill’ shifts wealth from the bottom 60% of working-age HHs to the top income brackets."
-S Semler

Most Americans are in the 60%.

cbsnews.com/news/cost-of-livin

If prison reform includes (as it will) shorter sentences to reduce over-crowding, then (and not just to guide/support rehabilitation) we need a fully functioning & effective probation service... but sadly we don't have one.

Rated officially inadequate the service was wrecked by austerity & has never recovered.... but given austerity remains the defining logic of public spending, the investment needed to renew its efficacy looks unlikely.

#austerity #politics #prisons

yorkshirebylines.co.uk/news/sa

Yorkshire Bylines | Powerful Citizen Journalism · Safe for all? How austerity wrecked the probation serviceAusterity broke it: England’s probation service is now rated “inadequate” after years of cuts, chaos and failed privatisation

The country where the taxpayer pays three times to keep banking fat-cats in the style they so richly *don’t* deserve. The first time followed the banking crash of 2008 with the £multibillion taxpayer funded ‘loans’ paid to rescue the banks from their own greed. The second, when government imposed ‘Austerity’ on taxpayers to pay for the massive loans, paving the way for a decade of stagnating wages and underfunded services. And the third time, when in a deal brokered by government, taxpayer owned shares are sold back to the banks at a loss of £billions whilst services and working people continue to struggle. #Austerity

Taxpayers set for £10bn loss on NatWest as disgraced ex-boss takes £600k-a-year pension - The Guardian apple.news/AO71EtLD-R_OfjsoM29

apple.newsTaxpayers set for £10bn loss on NatWest as disgraced ex-boss takes £600k-a-year pension — The GuardianGovernment expected to sell last shares in banking group this week, drawing a line under 2008 financial crisis bailout

Trump has transformed DC since his return to power is the normalization of💰making schemes that once would've generated endless pol blowback, televised hearings, official investigations & damage control. The death of outrage in the Trump era exemplifies how far he's moved the lines of accepted behavior in DC.

The NYT finally holds Trump's feet to the fire, but doesn't mention his co-conspirators: R MOC. We must amplify his & waste, for Americans.
nytimes.com/2025/05/25/us/poli

President Trump at a business round-table meeting in Abu Dhabi this month.
The New York Times · Trump Profits Like No Other President, as Outrage Is MutedBy Peter Baker

Two words continue to shape the UK's political economy:

austerity

Brexit

Both these ideas find their origins in the Tory party of the new millennium (although to be fair, austerity in more general policy terms has a much longer pedigree)... the tragedy is that a Labour Party claiming it had a mandate for change, seems unwilling to move away from either....

#politics #austerity #Brexit

h/t William Keegan/Observer

Continued thread

In a week dominated by class war budget news, an ongoing genocide, and the persecution of Trump’s political opponents, the Skinny had a finger on the pulse.

ninaillingworth.com/2025/05/24

The Skinny: Threats, Fantasies, and Naked Corruption

"There is something fundamentally wrong, and actively dangerous, about a US corporate media complex that can watch a fascist, white nationalist, and openly nativist regime engage in a clear act of authoritarian political intimidation against its duly-elected political opposition, to protect a nightmare mass deportation scheme built on legal arguments you know are extremely dubious, and report it as a “clash” while accepting Alina Habba of all people’s arguments at face value. This isn’t bad journalism, this is paving the way for the fascist repression of Trump’s political opponents in real time and whether its a result of cowardice, or open collaboration, is absolutely fucking irrelevant. The United States is speedrunning a descent into a fascist dictatorship run by a brainwormed septuagenarian racist and his openly white nationalist toady Stephen Miller, and these chucklefucks are out here pretending just maybe a Congresswoman should do a couple decades of hard time for bumping into an ICE murderpig while literally being prevented from doing her job; even though we have the entire interaction on fucking video."

Nina Illingworth Dot Com | "When the revolution is for everyone, everyone will be for the revolution" · The Skinny: Threats, Fantasies, and Naked Corruption | NIDC - Part 2In a week dominated by class war budget news, an ongoing genocide, and the persecution of Trump's political opponents, the Skinny had a finger on the pulse. - Part 2
#Fascism#Trump#ICE

"The National Science Foundation, which funds much of the fundamental scientific research at American universities, is awarding new grants at the slowest pace in at least 35 years.

The funding decreases touch virtually every area of science — extending far beyond the diversity programs and other “woke” targets that the Trump administration says it wants to cut.

That means less support for early-stage research that underpins future technological advancements — and American competitiveness — in areas like computer science and engineering; physics and chemistry; climate science and weather forecasting; and materials and manufacturing innovations.

It also means less money for undergraduate and graduate students, postdoctoral researchers and early-career professors — potentially disrupting the nation’s future scientific work force.

Economists have warned that cutting federal funding for scientific research could, in the long run, damage the U.S. economy by an amount equivalent to a major recession."

nytimes.com/interactive/2025/0

The New York Times · Trump Has Cut Science Funding to Its Lowest Level in DecadesBy Aatish Bhatia
#USA#Trump#NSF

"Llama 2 is perhaps best known for being part of another scandal. In November, Chinese researchers used Llama 2 as the foundation for an AI model used by the Chinese military, Reuters reported. Responding to the backlash, Meta told Reuters that the researchers' reliance on a “single" and "outdated" was "unauthorized," then promptly reversed policies banning military uses and opened up its AI models for US national security applications, TechCrunch reported.

"We are pleased to confirm that we’re making Llama available to US government agencies, including those that are working on defense and national security applications, and private sector partners supporting their work," a Meta blog said. "We’re partnering with companies including Accenture, Amazon Web Services, Anduril, Booz Allen, Databricks, Deloitte, IBM, Leidos, Lockheed Martin, Microsoft, Oracle, Palantir, Scale AI, and Snowflake to bring Llama to government agencies."

Because Meta's models are open-source, they "can easily be used by the government to support Musk’s goals without the company’s explicit consent," Wired suggested.

It's hard to track where Meta's models may have been deployed in government so far, and it's unclear why DOGE relied on Llama 2 when Meta has made advancements with Llama 3 and 4.

Not much is known about DOGE's use of Llama 2. Wired's review of records showed that DOGE deployed the model locally, "meaning it’s unlikely to have sent data over the Internet," which was a privacy concern that many government workers expressed.

In an April letter sent to Russell Vought, director of the Office of Management and Budget, more than 40 lawmakers demanded a probe into DOGE's AI use, which, they warned—alongside "serious security risks"—could "have the potential to undermine successful and appropriate AI adoption.""

arstechnica.com/tech-policy/20

Ars Technica · Musk’s DOGE used Meta’s Llama 2—not Grok—for gov’t slashing, report saysBy Ashley Belanger
#USA#Trump#DOGE

"Hurricane Helene ripped through North Carolina, leaving millions of cubic yards of destruction. Now,🚨FEMA's sudden decision to pull direct aid threatens to force North Carolina taxpayers to shoulder a shocking hundreds of millions of dollars. It's a .

"Maybe North Carolina should buy $1M of Trump’s meme coin & see if that gets him to approve their FEMA request."
-EM Zorbit

factarrow.com/north-carolina-u

FactArrow · FEMA's Shocking Decision Leaves North Carolina Taxpayers on the Hook for Millions After HeleneBy Munachi Carter

Currently underway 'negotiations' around the spending review have (according to a source quoted in the FT) turned into 'a chaotic bunfight. There’s no strategy or plan. It’s seemingly random what is getting funded'.

Ministers are of course briefing that they are fighting hard for their areas (in the context of continuing austerity), but of course Rachel Reeves is working a zero-sum game with a capped logic for public spending... if you voted Labour to end austerity; not happening.

JPMorgan Chase, one of the world’s largest banks threatened to leave the UK if the government increased tax on banks at last year’s autumn budget.

This is so much bollocks. The UK is one of the world’s biggest financial centres. There is no way this bank would leave. Reeves should have called their bluff. Instead she gave in and made the rest of us poorer.

#Banking #Austerity #UKPolitics

opendemocracy.net/en/dark-mone

Americans don't want people going hungry in their communities, but Republicans do. Amplify.

"There is not a single congressional district in the US where more than 15% of voters support cuts to the federal program that provides food assistance to millions of low-income Americans."

To check your district⬇️

dataforprogress.org/blog/2025/

Continued thread

Well, we're in the shit now. In the event you haven't heard, House Republicans rammed through their nightmare class war reconciliation bill in the dead of night, because when you're voting to murder and rob your own voters, it's best to wait until everyone is asleep. This is of course, bad. The "Big Beautiful Bill" does however still have to make it past the Senate, where there has been pushback over Mike Johnson's proposed $715B in Medicaid cuts; most notably from faux-populist Josh Hawley. Of course, in the US system of government the Senate has the power to alter the bill before voting; which means things could easily get worse too. The long and short of the situation is that we're probably still fucked, but we get to spend multiple weeks agonizing over whether or not we're completely fucked; because American politics is basically the meatspace answer to the Torment Nexus.

All of which means that we're still breaking down the most horrifying aspects of the GOP's homicidal class war reconciliation bill; which honestly might have so much nightmare shit inside that it'll fully pass into law before analysts get a chance to talk about all of the reasons this is a terrible bill. Take for example the unhinged and highly-partisan assault the Republican Party is conducting on green energy initiatives and subsidies. We already know the Trump regime is committed to burning the planet to ash as fast as possible purely as a matter of ideology, but did you know that eliminating everything about Biden's 2022 Inflation Reduction Act will also increase household costs for everyday Americans and eliminate as many as 830,000 jobs? These guys sure are good at "the economy."

theguardian.com/environment/20

Trump’s tax bill to cost 830,000 jobs and drive up bills and pollution emissions, experts warn

The analysis in this article is kind of all over the place, but we're essentially looking at three issues here: job losses, increased household expenses, and climate damage that will be directly caused by this bill.

"And the legislation will cost the US 830,000 jobs by 2030 compared with the status quo, Energy Innovation found. That includes the direct loss of jobs in fields such as solar panel manufacturing and electric vehicle production, indirect job loss from the decreased investments and lower clean energy demand, and induced cuts resulting from consumer spending cuts attributable to layoffs, higher fuel costs, and other third-order effects.

“The Inflation Reduction Act was carefully crafted to create good-paying jobs in deindustrialized communities, underserved communities, and coal communities. We have seen that it is doing just that, creating good jobs you don’t need a college degree to get and opening up pathways to the middle class across the nation,” said Ted Fertik, vice-president of manufacturing and industrial policy at climate and labor advocacy group Blue Green Alliance. “Killing the tax credits in the Inflation Reduction Act is a direct attack on working Americans.”

I think these devastating numbers speak for themselves, but it's also worth pointing out that because the IRA's green energy spending was specifically targeted at rural, deindustrialized communities, this is going to result in significantly more job losses in Republican voting areas than "blue" states. Whether that matters to you is a question of opinion, but it again exposes that the GOP is actively voting to harm its own supporters at every turn in this bill.

"The bill as it stands will cause Americans’ energy bills to spike by stymying new renewable energy – often the cheapest form of new electricity generation – the non-partisan thinktank Energy Innovation calculated. The average household will see their bills rise by more than $230 by 2035."

I mean who doesn't love paying higher power bills, am I right? Obviously nobody is going to lose their minds over an additional $230 per year in energy costs, but this must be understood in the context of all the *other* ways this bill is going to increase household costs for American families; more expensive power, combines with higher medical costs, and reduced food subsidies to add up to an insurmountable barrier for low income families pretty fast.

“This will all come at the expense of the environment,” said Orvis.

The new bill will also cause the US to emit 260m tonnes more pollution than it would’ve otherwise in 2035, which is more than the entire annual emissions of Spain."

And of course it wouldn't be a Trump-approved bill if it didn't literally kill the planet faster.

Naturally, all this nightmare bullshit is being sold as "ending subsidies for woke corporations" because not getting black lung is apparently woke now. The obvious truth here however is that this ENTIRE bill is a subsidy for rich people, paid for by literally robbing and murdering labor class Americans.

The Guardian · Trump’s tax bill to cost 830,000 jobs and drive up bills and pollution emissions, experts warnBy Oliver Milman
#GOP#Budget#USPol

Once again, by awarding pay rises to public sector staff (on a differential basis & thereby angering those getting less uplift), but not fully funding the rises, once again Labour's austerity mindset is on show; these are just cuts disguised as largesse.

Labour may be right that they cannot reverse years of under-payment in one or two years, but not to fully fund the rises demonstrates that really they are making yet more public service cuts...

#politics #austerity
theguardian.com/society/2025/m

The Guardian · Ministers brace for NHS strikes after doctors denounce ‘derisory’ pay riseBy Denis Campbell

When it came to the more radical departures from GOP orthodoxy championed by Bannon—like raising the top marginal tax rate on the wealthiest—Trump: “I & all others would graciously accept” a “TINY tax⬆️for the RICH” in order to “help the lower/mid income workers -Rs should probably not do it, but I’m OK if they do!”

Absence of NEW REV to help pay for all the other tax cuts meant: l'ship🚨had to slash Medicaid +rolling back💚-energy tax credits.

thebulwark.com/p/republican-po

The Bulwark · The Republican Party’s Populist BetrayalBy William Kristol