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Unsustainable Burden: The Growing Weight of U.S. National Debt
Wh4t’$ 0n My M1nd T0d4y? Unsustainable Burden U.S. national debt and Imagine waking up one day and realizing you owe over $100,000—without taking out a loan, buying a home, or even swiping your credit card. That’s essentially where we stand as Americans today. With the U.S. national debt now topping $36 trillion, every single one of us carries a share of that burden, and it’s growing fast. This…
राज्यांची आर्थिक स्वायत्तता जपण्याची गरज !
विशेष आर्थिक लेख केंद्र किंवा राज्य सरकारकडून जनतेला मिळणाऱ्या सेवा सुविधांच्या अपेक्षांचे ओझे सातत्याने वाढत असते. त्या पार्श्वभूमीवर जनतेला दिल्या जाणाऱ्या सेवा, सुविधा यात लक्षणीय तफावत आढळते. राज्यांचा खर्च अवाढव्य वाढत असून त्यामुळे कर्जाचा डोंगर वाढत आहे. केंद्र सरकारने दिवाळीच्या तोंडावर वस्तू व सेवा करामध्ये (म्हणजे गूडस् अँड सर्व्हिस टॅक्स- जीएसटी) केलेल्या महत्त्वपूर्ण बदलांमुळे सर्व…
हिमाचल प्रदेश सरकार 337 करोड़ रुपये का कर्ज लेगी, राज्य पर कर्ज का बोझ 96,875 करोड़ तक पहुंचेगा
Himachal News: हिमाचल प्रदेश सरकार वित्त वर्ष 2024-25 के समापन से पहले 337 करोड़ रुपये का नया कर्ज लेने जा रही है। यह ऋण 15 साल की अवधि के लिए लिया जाएगा। यह जानकारी शनिवार, 22 मार्च 2025 को सामने आई है। इससे पहले इसी महीने राज्य सरकार ने 322 करोड़ रुपये का कर्ज लेने की घोषणा की थी। मुख्यमंत्री सुखविंदर सिंह सुक्खू द्वारा वित्त वर्ष 2025-26 के लिए प्रस्तुत बजट के अनुसार, पूर्व भाजपा सरकार ने 31…
Pradhan Mantri Fasal Bima Yojana
Pradhan Mantri Fasal Bima Yojana (PMFBY) is a flagship crop insurance scheme launched by the Government of India to provide financial support to 🌾 farmers in the event of crop failure or damage due to unforeseen circumstances. The scheme aims to ensure the economic well-being of farmers by mitigating the financial risks associated with crop losses. Here is a detailed discussion on the Pradhan…
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AidData finds 42 low-to-middle income nations with ‘belt and road’ exposure exceeding 10% of GDP
Researchers have identified debts of at least $385bn (£286bn) owed by 165 countries to China for ”belt and road initiative” (BRI) projects, with loans systematically underreported to international bodies such as the World Bank.
The four-year study by US-based research lab AidData said the debt burdens were kept off the public balance sheets through the use of special purpose and semi-private loans, and were “substantially larger than research institutions, credit rating agencies, or intergovernmental organisations with surveillance responsibilities previously understood”.
It found 42 low-to-middle income countries (LMICs) had debt exposure to China exceeding 10% of their GDP, including Laos, Papua New Guinea, the Maldives, Brunei, Cambodia and Myanmar.
Laos had significant proportions of its debt classed by AidData as “hidden”, the report revealed. The $5.9bn China-Laos railway project is funded entirely with unofficial debt equivalent to about a third of its GDP.
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I remember hearing the views of some Africans on the Belt and Road Initiative (BRI). They cited the fact that China had never colonised them and were not racist towards them. The Chinese are very racist towards Blacks just like everybody else whose not Black. There was the Chinese restaurant in Nairobi that banned Africans, the McDonald's in Guangzhou that banned Blacks because of , get this, Covid19, and not forgetting the attacks on Africans and Blacks in China, again because of Covid19 but also just racism in general and this happened when there was very little covid in Africa, certainly far less than in China itself.
The BRI is just another form of neocolonialism designed to extract as much money and resources from the countries that sign up to it.