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Australian National Review – Congress’s Omnibus Spending Bills, Secretive And Costly, Span 1,012 Pages, $1 Billion Per Page.

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Congress’s recurrent passage of Omnibus Spending Bills has become a concerning hallmark of US fiscal policy. These bills, notorious for their labyrinthine complexity and rushed voting processes, encapsulate the unchecked expansion of government spending.

The latest iteration, a whopping 1,012-page behemoth costing $1.2 trillion, was unveiled in the dead of night, leaving little time for scrutiny before a hastily scheduled vote. The staggering cost amounts to a staggering $1 billion per page, a testament to the fiscal excesses plaguing Washington.

Such exorbitant spending, coupled with the opaque manner in which these bills are pushed through, raises serious questions about accountability and transparency in governance. The lack of public oversight only serves to perpetuate a cycle of fiscal irresponsibility.

The recent shift in T-bill dumping from 1M to 3M bills underscores growing apprehensions about the sustainability of the current economic trajectory. This maneuver, indicative of systemic instability, suggests that the nation may be hurtling towards a financial precipice.

In light of these developments, investors are turning to assets like gold as a hedge against economic uncertainty. Trusting governments to rein in spending after a binge is akin to playing a dangerous game with citizens’ livelihoods, often resulting in deteriorating economic conditions.

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US Policy Is Leading To A Wider War: Jeffrey Sachs On Middle East Tensions

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Marc Lamont Hill discusses US policy in the Middle East and the risks of escalation with renowned scholar Jeffrey Sachs.

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What We Know So Far About Drone Attack On Iran

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Iranian anti-aircraft systems have shot down suspected drones near a military base in Isfahan.

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Israeli Raids Cause ‘worst Destruction In Decades’ In Tulkarem

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An Israeli raid on a refugee camp in the occupied West Bank has caused some of the “worst destruction in decades”.

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