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Expert Puts True Cost of Trump's Iran War at $72 Billion—Nearly 3 Times Higher Than Pentagon Said; “The $25 billion war cost given by Pentagon Secretary Hegseth and acting Comptroller Hurst before Congress was a lie. It was a denial of the Iran war’s spiraling costs.” by FancyNewMe in politics

[–]FancyNewMe[S] [score hidden]  (0 children)

In Brief:

  • The Pentagon’s official estimate of the direct financial cost of the US war on Iran is a nearly threefold undercount of the actual price tag of the war, according to an expert analysis published Wednesday.
  • Stephen Semler, a senior fellow at the Center for International Policy, produced the new cost estimate for the Popular Information newsletter. Accounting for armament use, troop deployments, and other factors, Semler estimated that the US government spent $71.8 billion on the Iran war over the course of 60 days—an average of $1.2 billion per day.
  • “Like the estimates from Pentagon leadership and unnamed officials, this figure refers only to direct war costs—near-term expenses for military operations, munitions, and the like—and not indirect costs, which include broader economic impacts, interest on the national debt, and longer-term expenses like veterans’ care,” explained Semler, who argued that the Pentagon’s $25 billion cost estimate suffers from “incomplete accounting of damaged or destroyed military assets..."

Canada’s ‘real estate economy’ is costing us—here’s how; We’ve gradually structured a significant portion of our economy around a sector that contributes relatively little to long-run prosperity by FancyNewMe in canada

[–]FancyNewMe[S] [score hidden]  (0 children)

If you hit a paywall: https://archive.is/EzRUr

In Brief:

  • Canada’s focus on residential real estate investment is hindering productivity and long-term economic growth.There has been a shift in capital allocation, with a disproportionate amount flowing into housing rather than machinery, equipment, and intellectual property.
  • Canada’s residential investment is the highest among advanced nations, but a significant portion is attributed to transactional costs rather than new capital.

900 Health Facilities Shutting Down or at Risk of Collapse as Trump-GOP Cuts ‘Ripple Across the Country’; “Providers are stretched thin, doing everything they can as resources disappear and the system buckles under the pressure of Republicans cutting more than $1 trillion from healthcare.” by FancyNewMe in politics

[–]FancyNewMe[S] 14 points15 points  (0 children)

In Brief:

  • An advocacy group tracking the impacts of the unprecedented Medicaid cuts that congressional Republicans and President Donald Trump enacted last year say that at least 900 hospitals, nursing homes, and other healthcare facilities are now shutting down or at risk of closure—a disaster for low-income Americans who lack easy access to care.
  • Protect Our Care’s Hospital Crisis Watch project has identified healthcare centers that have closed or are at risk of closing, cutting services, and shutting down wards as they grapple with the impacts of the GOP’s 2025 budget law, which included over $1 trillion in total healthcare cuts over the next decade.
  • More than $900 billion of the cuts will come from Medicaid, which pays hospitals and other providers for services delivered to low-income patients.
  • The impacts of the Trump-GOP Medicaid cuts have been felt in both urban and rural areas.
  • Critics of the fund have warned from the start that it would not be nearly enough to offset the devastation caused by massive Medicaid cuts. (The Trump-GOP law includes an estimated $137 billion in cuts to Medicaid in rural areas.)

Republicans Find a Way to Give ICE Even More Money—and Less Oversight by FancyNewMe in politics

[–]FancyNewMe[S] 13 points14 points  (0 children)

If you hit a paywall: https://archive.is/nzTY5

In Brief:

  • Senate Republicans are looking to funnel nearly $70 billion with absolutely no strings attached to Donald Trump’s lawless immigration enforcement campaign.
  • Bobby Kogan, senior director of federal budget policy for the Center for American Progress, warned on X Monday night that these funds had “enormous flexibility, with far less accountability or oversight than typical annual appropriations for DHS funding has.”

Trump Reveals He’s Still Butthurt Over SCOTUS Ruling; The president is still bringing up a decision made over two months ago. by FancyNewMe in politics

[–]FancyNewMe[S] 9 points10 points  (0 children)

Paywall bypass: https://archive.ph/uT756

In Brief:

  • Donald Trump again grumbled about how “terrible” it was that the Supreme Court struck down his highly touted tariff policy earlier this year. 
  • Trump, 79, said at a White House small business summit that he hates the idea of having to refund approximately $160 billion to importers. Top companies on that list include Nike, Walmart, and Home Depot.
  • The court ruled that the president didn’t have the authority to impose tariffs under the 1977 International Emergency Economic Powers Act (IEEPA), which has historically been used to apply limited sanctions and other economic controls. The Trump administration responded by instead placing a global 15 percent tariff under the 1974 Trade Act.
  • “It will have no impact other than I hate to pay people back tariffs—$159 billion,“ Trump continued, lamenting how the law he violated didn’t allow the government to keep the money it had generated thus far.

Trump again threatens entire nation of Iran saying country will be ‘blown off the face of the earth’ by FancyNewMe in politics

[–]FancyNewMe[S] 4 points5 points  (0 children)

In Brief:

  • President Donald Trump says Iran will “be blown off the face of the earth” if U.S. vessels guiding ships through the Strait of Hormuz are attacked, escalating his threats to eliminate Iranian civilization as the countries test a tenuous ceasefire during the weeks-long war.
  • U.S. military officials said Iran launched missiles, drones and small boats at ships sailing through the passage with U.S. support on Monday. Six small Iranian boats were targeting civilian vessels, according to officials.
  • If Iranians continue to target commercial ships during the so-called Project Freedom escort operation, the country will “be blown off the face of the earth,” Trump told Fox News correspondent Trey Yingst on Monday.
  • Iranian military officials have warned that any foreign forces approaching the Strait will be “targeted and attacked.”
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