White House orders pause on all federal grants and loans, impacting trillions of dollars in aid. Impact on Social Security and Medicare benefits excluded.
  • kescusay@lemmy.world
    88·
    3 days ago

    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.

    • NatakuNox@lemmy.world
      46·
      3 days ago

      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.

        • Glasgow@lemmy.mlEnglish
          1·
          3 days ago

          Just done it myself with deepseek. Fed in a list of the executive orders and got it to model scenarios and knock on effects.

          That’s worse case, if he manages to deport a significant % of immigrants, retains all funding freezes, doesn’t have anything knocked back in court.

          Just realised any tariffs that go into effect are not included in that estimate either.

      • obre@lemmy.world
        6·
        3 days ago

        This is straight up just misinformation, delete this. Deep seek is not a source.

        • Glasgow@lemmy.mlEnglish
          1·
          3 days ago

          I didn’t reference it as a source you need to get a grip lol

          It’s as accurate as me roughly working it out would be.