The report predicts that Republicans’ 2025 budget package will reduce “aggregate demand” in the coming years. The so-called One Big Beautiful Bill Act cuts $100 billion annually from Medicaid and the Supplemental Nutrition Assistance Program (SNAP), while allowing health insurance subsidies that saved families thousands to expire, which the report projects will cause many families who rely on these benefits to pull back spending in the economy.
Collapse is well and truly here for the US
By design.
Class war isn’t a mere possibility - it’s a current reality. The moneyed class is already fighting it, and winning.
There’s always been a certain amount of theft involved in the expansion of wealth, but for the last century or so, it was mostly just that it was sometimes convenient. The bulk of the expansion of wealth could be accomplished without overt theft since the moneyed class was, by design, in position to siphon off the bulk of the wealth newly created by economic growth.
The era of perpetual growth is over though. The only reasonably sure way that wealthy psychopaths like Trump and his cronies and patrons can continue to expand their wealth is to overtly and systematically steal it from everyone else. And that’s exactly what they’re doing.
And the biggest theft is yet to come. Through the round-robin of AI funding by which everybody owes everybody else, the psychopaths have set it up so that when (not if but when) the bubble pops, they can each and all claim to be too big to fail, so that the entirely imaginary money they keep passing around will be made real by stealing it from the taxpayers, of whom they’re not coincidentally not a part.