U.S. to send Ukraine $5.5 billion in new fiscal, military aid

U.S. to send Ukraine $5.5 billion in new fiscal, military aid

The $4.5 billion budgetary grant will fund urgent government needs including payments for pensions, social welfare and healthcare costs, bringing total U.S. fiscal aid for Ukraine to $8.5 billion since Russia’s February invasion, the U.S. Agency for International Development said.

The $1 billion arms package announced by the Pentagon is the largest single military package under President Joe Biden’s drawdown authority, including long-range rocket munitions and armored medical transport vehicles.

The fiscal and military aid packages – both first reported by Reuters on Monday – are drawn from a $40 billion aid package for Ukraine approved by Congress in May.

Overall, the United States has contributed more than $18 billion to Ukraine this year.

So-called Fiscal Conservatives on my FB timeline.

On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatization and job losses.

Jianlong Steel Holding Company official Chen Guojun, who earned over 3 million yuan the previous year, planned to take over the majority state-owned Tonghua Iron and Steel Group. He announced plans to cut the number of workers from 30,000 down to around 5,000, with those made redundant receiving around 200 yuan in compensation. The firm was still profitable, but the planned restructuring was aimed at increasing profits further amidst a global economic downturn.

Outraged, the workers shut down production and rioted, beating Chen, blocking roads and smashing police cars to prevent police and ambulances from reaching him.

The sale was subsequently scrapped.

On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatisation and job losses.

More:

China, rising wages and worker militancy

By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer

The U.S. empire’s social stability can no longer rely on buying off the workers within its own borders. When Che Guevara observed that international worker solidarity gets undermined by the proletarians in the core imperialist countries receiving special benefits compared to the proletarians in the exploited countries, he was right. But with the contraction of capital, and the consequential introduction of neoliberalism to keep capital afloat, this has changed. Every year, the masses within the United States face conditions that are more like the ones in the Global South. The global wealth gap is still the primary wealth gap in a macro sense, but this widening of the U.S. empire’s internal inequality represents a contradiction which can bring about the empire’s defeat from within. And therefore a major step towards eliminating the global gap.

By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer

America Is Headed for Class Warfare + More

Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it’s undeniably driving working class voters even further from the Democrats and toward the GOP.

America Is Headed for Class Warfare

Related:

“Workers aren’t getting bailed out like the billionaires”: Detroit workers livid over surging gas prices

“It’s just really hard to live”: Chicago workers describe impact of surging food and gas prices

RT: What is Russia’s Sanctions Survival Plan?

The launch of the military operation in Ukraine has drawn the ire of the US and its allies, who have hit Russia with unprecedented sanctions in order to destabilize the country’s economy and pressure Moscow into ending the conflict. Among the many penalties imposed on the country over the past month, its financial system, energy exports, and forex reserves have been targeted. However, hard times call for prompt response measures, and Russia has come up with a few.

RT: What is Russia’s Sanctions Survival Plan?