in reply to dgdft

I got back yesterday from working on this dig. It was my first field school experience — but despite the fuckery that is tent-camping in central Texas midsummer, I can safely say I’ll be back every chance I get.

If anyone reading this needs a push to get involved with their local org: do it! Best decision I’ve ever made, and the best pool of people I’ve ever met.

The project was a beautiful reminder that even in rural Texas, there are plenty of unsung heroes out in the wild who dedicate their entire lives to building community and looking out for others.

This entry was edited (2 hours ago)

Am I the only one who thinks social media has destroyed the spirit of the internet?


The emergence of social media has destroyed all the small communities to standardize communication and information.

It's a bit of a digital version of rural exodus. And since 2017/2018, I've noticed that everything that, in my opinion, represented the internet has disappeared.

I've known Lemmy for a few hours and I feel like I'm back in the early spirit of the internet.

U.S. national debt crosses $37 trillion for the first time in history amid rising fiscal pressures


Head of U.S. rates strategy at TD Securities, Gennadiy Goldberg, said that the crux of the $37 trillion problem is that no one knows at what level the debt becomes unsustainable. Treasury Secretary Scott Bessent acknowledged that the U.S. government has a spending problem, not a revenue problem.

Goldberg agrees with Bessent’s argument but states that the U.S. also does not tax much compared to both the size of the country’s GDP and government outlays. He believes that either taxes have to go up, spending has to come down, or some combination of the two, but warned that it’s very complicated to figure out.

The White House said on June 7 that the GOP tax bill significantly improves the country’s fiscal trajectory by including $1.7 trillion in mandatory savings, while Trump’s tax cuts will spur economic growth. Democrats have pointed to analyses showing the bill’s tax cuts will benefit wealthier Americans far more than low- and middle-income workers while also adding to the national debt.

https://www.cryptopolitan.com/u-s-national-debt-crosses-37-trillion/

U.S. national debt crosses $37 trillion for the first time in history amid rising fiscal pressures


cross-posted from: lemmy.ml/post/31984374

Head of U.S. rates strategy at TD Securities, Gennadiy Goldberg, said that the crux of the $37 trillion problem is that no one knows at what level the debt becomes unsustainable. Treasury Secretary Scott Bessent acknowledged that the U.S. government has a spending problem, not a revenue problem.

Goldberg agrees with Bessent’s argument but states that the U.S. also does not tax much compared to both the size of the country’s GDP and government outlays. He believes that either taxes have to go up, spending has to come down, or some combination of the two, but warned that it’s very complicated to figure out.

The White House said on June 7 that the GOP tax bill significantly improves the country’s fiscal trajectory by including $1.7 trillion in mandatory savings, while Trump’s tax cuts will spur economic growth. Democrats have pointed to analyses showing the bill’s tax cuts will benefit wealthier Americans far more than low- and middle-income workers while also adding to the national debt.


U.S. national debt crosses $37 trillion for the first time in history amid rising fiscal pressures


Head of U.S. rates strategy at TD Securities, Gennadiy Goldberg, said that the crux of the $37 trillion problem is that no one knows at what level the debt becomes unsustainable. Treasury Secretary Scott Bessent acknowledged that the U.S. government has a spending problem, not a revenue problem.

Goldberg agrees with Bessent’s argument but states that the U.S. also does not tax much compared to both the size of the country’s GDP and government outlays. He believes that either taxes have to go up, spending has to come down, or some combination of the two, but warned that it’s very complicated to figure out.

The White House said on June 7 that the GOP tax bill significantly improves the country’s fiscal trajectory by including $1.7 trillion in mandatory savings, while Trump’s tax cuts will spur economic growth. Democrats have pointed to analyses showing the bill’s tax cuts will benefit wealthier Americans far more than low- and middle-income workers while also adding to the national debt.


https://www.cryptopolitan.com/u-s-national-debt-crosses-37-trillion/