White House orders pause on all federal grants and loans
White House orders pause on all federal grants and loans, impacting trillions of dollars in aid. Impact on Social Security and Medicare benefits excluded.
“The use of Federal resources to advance Marxist equity, transgenderism, and green new deal social engineering policies is a waste of taxpayer dollars that does not improve the day-to-day lives of those we serve.”
🤮 🤮 🤮🤮 🤮 🤮
I fucking hate these people so much... "The things that aim to improve peoples lives don't enrich my donors or please the hateful heritage foundation so they're bad."
"those we serve" aka shareholders
This is absolutely bonkers, halts 10% of the US GDP overnight and will spark civil unrest if it goes on too long.
Jesus... This will directly and unequivocally shrink the economy. That money? It's paid to businesses for services. He just fucked our GDP.
And it's going to disproportionately affect red states, because those are the states that receive the most federal grants.
They want to kill off the little fish that need that money. Also, this is a death nail for most nonprofits. Nonprofit, is a dirty word to oligarchs. Why do good things for no personal gain?! Watch for profit large corporations snap up assets and market shares of services previously provided by nonprofits and charities.
Everything he's done so far, and most of what he will do, will be bad for our economy
Which is the point.
Yeah, a lot of this is congressional mandated funding. You can't just take that away with the swipe of a pen. If congressional doesn't act, or many lawsuits don't get filed to challenge this, we really are living in the beginnings of a fascist regime, and we are meekly accepting it.
we really are living in the beginnings of a fascist regime, and we are meekly accepting it.
Ding ding ding
The thing is, you can maybe take it to court, but the suspension itself while a court examines it might be disruptive.
It looks like there are a number of federal loans preferentially extended to a number of groups (black-owned businesses, female-owned businesses, etc) by the Small Business Administration. If Trump intended to end minority-preferential lending, say, I could see that going over well with people who voted for him, but across-the-board temporary suspension while it's evaluated seems to me like it'd make a lot of people out there who voted for him unhappy.
This guy is out to harm millions of Americans. If not corrected and just allowed to happen we’ll end up with a recession worse than 08. This is treason to willfully do this as president
It is also treason to tell an angry armed mob to go to the capitol and fight fight fight but look at all those harsh penalties he got for that
Pfft, like this is the first time Trump committed treason
Sadly, I worry the US needs to suffer badly if there is to be any hope of embracing real progress in the future.
Where the fuck is Congress?
Congress? You mean the two houses which are now firmly in control by Republicans. There there, and the Republican majority couldn't give a fuck what Trump does, as long as it destroys American democratic institutions. They weren't coy about this since the Civil Rights Act of 1964. Congress, this congress, the one which was just installed, and elected this past November, is going to sit back, and watch it all burn. Ask about The Supreme Court next.
He makes the ferengi look generous and benevolent.
I saw in another post on this that it could also impact student loans federal college grants since those funds are given directly to universities. It'll be interesting to see how this plays out as spring term begins in a month or two.
Edited to use the right terminology.
OMB clarified that VA benefits and PELL Grants are not included.
I'm sure that'll change in... Forty seconds or so but as it stands now, the leopards have delayed eating those faces for now.
As spring term begins in a month or two.
Me preparing for midterms: Eyes look to side, look forward meme.
https://www.newsweek.com/donald-trump-federal-grants-aid-pause-freeze-2021835
For now, it is not immediately clear exactly what will be impacted, although there is an exception for funding and grants paid directly to American citizens.
If this impacts farm and small business loans, I suspect that it is not going to take very long to produce a lot of political upset.
Trump advisor: "Sir, the debt limit is looming! Soon we won't be able to pay out money to anything!"
Trump:" Even if the congress approved it to be spent, we could just not spend it? Legally?"
Advisor:" Well, yes, that is what the debt limit does..."
Trump:" How about just stop spending on the stuff we don't like? You just said we could do that, even if it was approved..."