The aid comes mostly from Western Christian and international humanitarian and charity organizations; some limited aid comes from Western Christian states. Unfortunately, the same Western Christian states and their regional allies also provide financial and military aid to extremist groups, many of which target and kill Christians.
While we do have the ability to choose our future path, taking action today would require more economic pain and sacrifice than elected politicians are willing to inflict upon their constituents. This is why throughout the entirety of history, every empire collapsed eventually collapsed under the weight of its own debt.
The U.S. is also the world’s largest economy in nominal terms, putting the debt to GDP ratio at 104.3%. Other stand outs from the list above include Japan, which has the highest debt to GDP ratio (237.1%), and China , which has increased government debt by almost $2 trillion in just the last two years. Meanwhile, the European economies of Italy and Belgium check the box as other large debtors with ratios topping 100% debt to GDP.
The EU is not working. Its economy is hitting new lows, which is even affecting non-eurozone countries like Sweden, and Britain’s more joined up departure will be one more unedifying message to its members: time for a rethink of the project.
To the extent that government can stimulate growth, it’s through structural reforms that improve the investment climate: Cut red tape. Reduce workplace regulation. Fast-track tax cuts. Fix the state-based payroll taxes and stamp duties on property that stifle labour mobility. Make the 30 per cent company tax rate more internationally competitive. Break the construction union’s monopoly power. Restore monetary policy to its appropriate role of maintaining price stability.
With farmland costing on average $3,140 an acre in 2018, according to the US Department of Agriculture, the daily increase in debt would be enough to purchase 1.14 million acres of land, or around 1780 square miles, an area larger than Rhode Island.
"If lawmakers changed current laws to maintain certain major policies now in place [...] then debt held by the public would increase even more, reaching 219 percent of GDP by 2049."
"Opposition Members just want to spin it out forever, until the 12th of never. When the 12th of never eventually comes around, they will devise one of their complicated parliamentary procedures and move a motion for a further delay and a further extension."
If Russia were to enter a long term expensive military conflict it could possibly sink the entire economy or eliminate for generations Moscow’s debt free status. Sending officially invited advisors and selling top-notch equipment – has no negative long term effects. Trump isn’t the only one who sees the value into playing geopolitics on a strict budget.
Other traditionally deeply Christian nations like Spain, Portugal, Italy and Ireland need to jump on board too and follow Hungary’s bold lead. The parties that still –laughingly – dare to call themselves Christian Democrats in the European parliaments need to throw their cowardly and contemptible “me-too” open borders liberalism and cultural appeasement overboard at long last too.
The structural tax cuts would replace the Low-Middle Income Tax Offset (LMITO), which does nothing to improve economic efficiency, and will cost the budget about 10% more than expected. Further, all future federal governments should follow the lead of the UK Treasury in using dynamic tax analysis to give accurate information on economic efficiency and revenue estimates.
Beyond the simple fact that a tax on meat would be yet another example of government overreach, there are other problems with a meat tax. It is also based on a subjective and dubious interpretation of the effects of meat on both the environment and on personal health. Such a tax would, like existing taxes on sugar and tobacco products, disproportionately impact the poorest Americans.
We are in the process of committing national financial suicide, and most Americans don’t seem to care. As you will see below, the federal budget deficit for the fiscal year that ended on September 30th was the largest in 7 years. In fact, it was actually 26 percent larger than last year. Federal spending is wildly out of control, and “non-discretionary spending” is projected to go through the roof in the years ahead. Under our current system, it is literally going to be impossible to turn things around. As the Baby Boomers continue to retire, the amount of resources demanded…
The repo market provides a means for banks that are temporarily short of cash to obtain short-term (usually one day) loans from other banks. The Fed’s interventions were a response to a sudden cash shortage that caused interest rates for these short-term loans to climb to 10 percent, far above the Fed’s target rate.
The American Empire—with its endless wars waged by U.S. military servicepeople who have been reduced to little more than guns for hire: outsourced, stretched too thin, and deployed to far-flung places to police the globe—is approaching a breaking point.
In April 2017 the Christian Institute received a response to a Freedom of Information request about the percentage of BBC staff who are LGBT. It was revealed that 11.5% of BBC bosses and 10.6% of BBC staff identified as LGBT, compared to only 1.7% of the UK population.