- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
Summary
California officials warned that Trump’s order to release massive amounts of water nearly caused severe flooding for farmers.
Trump boasted about the move, claiming it would help fight wildfires, but experts said the water couldn’t reach affected areas, which are over 200 miles away.
The Army Corps of Engineers initially planned to release water at maximum capacity but scaled back after urgent pushback.
Experts warned the water could have been better used months later for irrigation.
So you’re saying the government prints enough new money each year to cover its expenses and then collects taxes to stave off inflation? Do you have a source for this?
According to the US Government Accountability Office, “the federal government borrows money straight from the public. The government issues securities like bills, notes, and bonds through the U.S. Treasury… Individual and institutional investors can back the government by investing in these types of securities and many choose to do so.”
USD is backed by your faith in the US government to exist and not prints giant amounts of money. Taxes are another way of raising money, it helps to stave off inflation rising since the gov considers it better to have small amounts of inflation then deflation.
That’s a perfect example of the ignorance which allowed Trump and Maga to take over the states.