House Republicans unveiled a budget blueprint proposing trillions in spending cuts over 10 years, targeting steep reductions to Medicaid and food assistance programs. The plan seeks $2 trillion in Medicaid cuts and $800 billion from SNAP. It also calls for establishing a commission to propose changes to Social Security and Medicare. Democrats criticized the proposal as pushing “cruel cuts” that will hurt access to healthcare and raise costs for many. If enacted, the budget would slash nearly $5 trillion from discretionary spending and $9 trillion from mandatory programs over a decade. However, the proposal is unlikely to become law given Democratic control of the Senate. The resolution indicates Republicans remain committed to large cuts across many public services and low-income programs.
Only? The US accounts for 40% of all military spending in the world. We are at nearly 3 times second place, China, $876 billion to $290 billion. Considering the US has the most billionaires and compilation of billionaire wealth, I really don’t think GDP is the great earmark you are portraying it as.
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GDP isn’t the end-all be-all for economic performance. Consider that real estate also contributes to GDP, and we have been getting some fucking expensive housing in recent years. It doesn’t equate to more money, so it’s effectively padding our GDP. All GDP does is give a rough estimation of how much a country is valued at best, and at worst it’s a padding game to show who has the biggest number.
If you want a good indicator for how well a country is doing economically, CPI is a better start than GDP - which, by the way, China is fucking decimating the US in that regard. Their reported CPI is around 100 points while the US is at around 300 points. You generally want lower CPI as it indicates inflation if it’s super high like the US.
Just a side note but Ukraine isn’t a small country
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Compare Russia to Africa and it’s small. One thing being larger doesn’t make another thing small, just smaller
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It most certainly is. Nobody’s talking about geography when they say it’s a small country. They’re 8th in Europe in population and 26th in GDP. That’s small when repelling a Russian invasion.
Subtract the “defense” costs that are paid for by other means in most of the world (healthcare, education, medical research), adjust the rest for purchasing power parity, and get back to me on that.