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The US dollar is on track for its worst year in modern history

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123 points harambae | 3 comments | 04 Jul 25 06:47 UTC | HN request time: 0.629s | source
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rgmerk ◴[04 Jul 25 07:56 UTC] No.44462229[source]▶
It seems that no one is prepared to point out the obvious - devaluation of the dollar is a cut in American living standards.
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spencerflem ◴[04 Jul 25 08:06 UTC] No.44462298[source]▶
Totally agreed. My only hope is that the evil bastards who willed this to happen bear the suffering more.
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jjav ◴[04 Jul 25 08:15 UTC] No.44462345[source]▶
They just gave themselves billions in tax cuts, so they'll be comfortable.
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spwa4 ◴[04 Jul 25 08:55 UTC] No.44462597[source]▶
It's 6500 billion dollars, generally referred to as "trillions".

A vote for Trump, as it turns out, was a vote to increase US national debt by double what anyone increased it by before (which was also Trump, so anyone saying they "didn't see this coming" ...)

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lunarboy ◴[04 Jul 25 19:38 UTC] No.44467265[source]▶
GOP being the "fiscally responsible" party is the best generational propaganda it's honestly impressive
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1. const_cast ◴[05 Jul 25 01:32 UTC] No.44469436[source]▶
It's more than generational at this point, and it's wildly successful from a propaganda standpoint. They're kind of banking on none of their constituents bothering to read the budget bills they pass. Which turns out to be a very good bet when your party is also ideologically opposed to education.
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2. lotsoweiners ◴[05 Jul 25 03:10 UTC] No.44469851[source]▶
I don’t think the party is ideologically opposed to education as much as they are opposed to the way it has been implemented the past few decades.
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3. const_cast ◴[05 Jul 25 19:49 UTC] No.44475053[source]▶
I think this is the plausible deniability they foster, but I don't think this is true. The right has been opposed to public education pretty much since the beginning, even before the DOE. And, of their complaints of the DOE, most of them are legitimately made up. Like the DOE setting curriculum or censoring conservative voices.

Since the beginning, conservatives gravitate towards more... alternative... history. I know I was taught about the War of Northern Aggression in schools. Their issue with public education isn't per se the "education" part, but the "public" part. Unfortunately, an attack on public education is an attack on education itself. We all understand that less public education means less education on average.

I quiet enjoy living in a country with literacy rates in the high 90s, and I'd like it to stay that way.