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#spending

florida_ted@diasp.org
Ted

Not surprising...

https://www.cnbc.com/2024/04/22/global-military-spending-hit-an-all-time-high-in-2023-report-says.html

“The unprecedented rise in military spending is a direct response to the global deterioration in peace and security,” Nan Tian, senior researcher in SIPRI’s military expenditure and arms production programme, said in a statement.

Military expenditure has been rising for nine years straight, and military spending bolstered in all regions of the world for the first time since 2009, the report found. This was linked to the war in Ukraine, as well as to growing tensions in the Middle East and other developments, such as a pushback against organized crime and gang violence in Central America and the Caribbean.

#Global #military #spending #weapons #war #conflict #security

Global military spending hit all-time high in 2023 after 7% jump, report finds

Global military spending reached a fresh record high in 2023, totalling $2443 billion, a report by the Stockholm International Peace Research Institute said.

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shuttersparks@diaspora.glasswings.com
Phil Landmeier (ᚠ)

Good article and I'm sure it's all correct. But despite mentioning loads of reasons for the downturn, it fails to mention high prices due to inflation. Most of the businesses being hurt depend on discretionary spending. "Let's spend the weekend in The City." Nope. "Let's go for a drink. Let's go dancing. Let's go shopping." Naw, let's not. People are spending only what they have to spend in order to function.

https://apnews.com/article/san-francisco-downtown-retail-exodus-6c956f6f219a25aafd292f567a45a302

#SanFrancisco #downturn #inflation #spending

Diversify or die: San Francisco’s downtown is a wake-up call for other cities

After a three-year exile driven by the pandemic, San Francisco’s downtown has waited for the crowds, the commuters and electric ambience to return.

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colinroyhunter@pluspora.com
Colin-Roy Hunter

#Economics & #taxation 101 [US] or made simple [UK] (HINT goverment #spending NEVER works like a household budget!):

“How can we get this simple point across?
When I go to Sainsburys and buy £40 worth of groceries, I no longer have the £40.
When the Government spends £10 billion on healthcare, it gets all or most of its money back.
The £10 billion pays wages and buys goods and services. The NHS staff pay taxes and buy more goods and services generating more jobs and profits and more taxes. The cycle repeats and repeats.
In the longer term, at worst the Government will have paid £1 billion or £2 billion. More likely, it will have paid nothing, or made a profit of £1 billion.
No politician seems to grasp this”

https://www.taxresearch.org.uk/Blog/2021/09/10/it-looks-like-people-in-work-got-the-message-from-the-government-this-week-that-theyre-second-rate-citizens/

debyjolley@diasp.org
Deby Abbott

https://www.foxnews.com/politics/biden-spending-plan-billed-as-infrastructure-bill-spends-non-infrastructure

Biden's $2T spending plan, billed as infrastructure bill, spends less than half on infrastructure

Less than 6% of the proposal goes to roads and bridges, critics say

The White House is casting a very wide net about what constitutes infrastructure — for example, the American Jobs Plan references "care infrastructure" when talking about $25 billion to upgrade child care facilities and a $400 billion expenditure on care for the elderly and disabled. That's quite different from repairing potholes and rebuilding bridges.

#infrastructure #biden #democrats #spending #infrastructure-bill #roads #bridges #bait-and-switch

Biden's $2T spending plan, billed as infrastructure bill, spends less than half on infrastructure

President Biden's $2.2 trillion spending plan, which is being promoted largely as a bill to address infrastructure, directs well under half of its total money to things traditionally defined as infrastructure, according to a Fox News analysis.