New administration under Samia Suluhu gives hope after 5 years of hopelessness

New administration under Samia Suluhu gives hope after 5 years of hopelessness

Some new, permanent spending programs also contributed to the debt. A Medicare prescription drug benefit, passed on a bipartisan basis under Mr. Bush, “clearly” increased deficits, costing more than $100 billion in 2022 alone, said Josh Gordon, health policy director for the Committee for a Responsible Federal Budget in Washington.

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Mr. Gordon said it was much harder to calculate the deficit impact of the Affordable Care Act, Mr. Obama’s signature health care expansion. The act has pushed up federal spending on Medicaid and health insurance subsidies. But it also raised some taxes. And the changes it made to the health care system have contributed — at least to some degree — to a reduction in Medicare spending compared with previous projections, offsetting some or all of the spending increases.

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Mr. Holtz-Eakin estimates a larger deficit effect from the Affordable Care Act. He also faults lawmakers for not doing more in the last two decades to reduce the growth in spending on Social Security and Medicare, which have already come under financial pressure from the first waves of retiring baby boomers.

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The biggest — and often bipartisan — drivers of debt have been the federal responses to two sharp economic downturns: the 2008 financial crisis and the 2020 pandemic recession. Shortly after Mr. Obama took office in 2009, inheriting a recession, he pushed Congress to approve a nearly $800 billion package of tax cuts and stimulus spending. Safety-net spending continued at high levels for the next several years as the economy recovered sluggishly.

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“Not all debt is created equal,” said Lindsay Owens, an economic sociologist who is executive director of the liberal Groundwork Collaborative in Washington. “When we’re making critical investments, and stimulus, coming out of a recession, there are a lot of economic benefits to keeping money flowing in the economy, keeping unemployment from reaching astronomically high levels, keeping small businesses from defaulting.”

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It is difficult to fully assign responsibility to individual presidents or parties for total levels of debt, because policy decisions often influence one another. By one crude measure, debt has been a bipartisan pursuit: It grew by $12.7 trillion when Mr. Bush and Mr. Trump, both Republicans, were in office, and by $13 trillion under the Democratic administrations of Mr. Obama and Mr. Biden.

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That calculation ignores the reverberations that policy decisions can have even after presidents leave office. Mr. Bush’s tax cuts, for example, are still reducing federal revenue. Charles Blahous, a researcher at George Mason University who studies the federal budget, tried in a recent paper to apportion blame to presidents and parties in Congress for the federal deficit at various times.

For the 2021 deficit, he wrote, Mr. Trump bore the most blame, even though he was out of office. Mr. Biden was the runner-up.

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Ninaamini
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BREAKING NEWS.

Raila Amolo Odinga declares he won the Kenyan presidential elections (2022), and he will not recognise William Samuoi Ruto as a legitimate president of Kenya.

He orders auditing of the presidential election by an international independent tribunal.

He rebukes lawlessness, impunity, and injustices committed against Kenyans.

He calls on Kenya to pay attention to electricity bills and how much taxes.

He says Kenyans are overtaxed and no tangible returns.

His fanatical base is shouting

"All things are possible without Ruto." Or

"Yote yawezakana bila Ruto."


He ends with his usual clarion.

" The current regime must GO!"
 
Rutashubanyuma said:
BREAKING NEWS.

Raila Amolo Odinga declares he won the Kenyan presidential elections (2022), and he will not recognise William Samuoi Ruto as a legitimate president of Kenya.

He orders auditing of the presidential election by an independent tribunal.

He rebukes lawlessness, impunity, and injustices committed against Kenyans.

He calls on Kenya to pay attention to electricity bills and how much taxes.

He says Kenyans are overtaxed and no tangible returns.

His fanatical base is shouting

"All things are possible without Ruto." Or

"Yote yawezakana bila Ruto."


He ends with his usual clarion.

" The current regime must GO!"
Click to expand...
[emoji3][emoji3][emoji3][emoji3][emoji3] So what's way foward then????
African leaders.......
 
CARDLESS said:
[emoji3][emoji3][emoji3][emoji3][emoji3] So what's way foward then????
African leaders.......
Click to expand...
Kenya offers the Tanzanian opposition many vital lessons.

The most important one is the clamour for "Katiba Mpya" never a panacea to governance maelstrom. In fact, it is a rampant misuse of scarce resources!


Kenya has a brand new constitution, but those on its receiving end do not accept the new constitutional order because it does not lead them to capture power as earlier envisaged! We should expect our misguided opposition to follow suit when their avarice for power is circumvented by the very document they had strenously trudged to push to the finish line, and at great cost.

So, the ill-fated opposition should not waste more energy on "Katiba Mpya" because it will not usher in a new era but will justify furthering of the same injustices.

The problem all over the world is never what is inked but what is never scrawled: immorality, moral decay is our Achilles heel. Our politicians in the opposition delude themselves what is keeping them away from the high table is a bad constitution, but the gospel truth ricochets nobody loves to obey orders ensconced in any edicts notwithstanding divinely or man-made.


If you write down laws, it is because you expect them to be violated. If you did not, you would never engrave them in stone.

Look at the Moses laws written by the finger of God, but who reveres them?

If God's laws are wantonly tramped down under feet, then how much more will the laws jotted down by immoral men, be quashed and set aside, whose delight is in incinerating God's laws to validate their own folly?


Sadly, who believed our report?
 
Many Iraqis are blaming the U.S. for the dinar’s weakness. The New York Fed and the Central Bank of Iraq began enforcing tighter controls on international dollar transactions by commercial Iraqi banks in November in a move to curtail money laundering and the illegal siphoning of dollars to Iran and other heavily sanctioned Middle East countries, The Wall Street Journal reported last week.
Click to expand...

We say the US poking its nose where it does not belong is fairly blamed by the Iraqis

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Let us end the hypocrisy and start talking about the African debt held by the BRETTON WOODS INSTITUTIONS.

Write off all that debt then the Chinese held debt is a legitimate subject.

Clear the log in your eye then you will clearly see the sot in your neighbour's eye.

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