General Discussion
In reply to the discussion: Am I crazy, or should we be more worried about this freeze of federal funding today? [View all]genxlib
(6,099 posts)But the real concern is probably not as obvious.
I see a lot of people rightfully outraged about cutting of things like SNAP. While evil and impactful, there is a much worse level of concern here.
When someone says 'all grant funding', the average person has no idea what that means. Virtually everything the Feds pay for comes through grants. That includes big stuff like infrastructure and public education.
Cutting off the flow of federal funds suddenly will be like running into a brick wall. Those grants pay for people's jobs.
If they don't backtrack on this, we will be in recession before the end of the year and unemployment will rise.
I used to think it would take 18-24 months to tank the economy with stupid tariffs and immigration driven labor shortages. I realized that last night that my outlook was too rosy. They found a way to make it faster.
The only thing that might save us is that state and local conservatives are going to lose their shit. They won't admit it publicly but even they know that federal spending is what allows them to pretend to be low tax. They are going to freak out when they realize that they either have to raise taxes or put millions of people out of work.
Our only hope is that the backlash to this Mad King happens faster than he can destroy things