NEVER let Republicans pretend to care about "fiscal responsibility" ever again.
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NEVER argue or give Republicans any benefit of the doubt ever again. If someone says they're Republican you should immediately shut them out of your life.
This is what people said in 1992. And in 2008. Guess what happened
He's bankrupting the country like he bankrupted all his other businesses.
Guys, it'll trickle down any second now.
The debt is trickling down. Every dollar you give as taxes goes towards that debt and war machine. Since rich don't pay taxes all the debt payment is yours.
Even if you don't pay income taxes; sales tax, property tax, tariff is a payment towards the debt.
Get an umbrella, you know what is trickling down...
he bankrupted multiple casinos, why not multiple countries?
He has stated recently that the "global economy is just a big casino".
Considering his history with those, I interpreted that as a threat.
I love how doge cut funding to sooooo many things and yet the debt is higher than ever. They cut USAID. they kicked people off welfare. They cut people off Medicaid etc. and yet the debt is higher than ever. Fuck you dumpy and co
Doge delayed my dad's cancer screening from being processed and he died.
He was in the emergency room in early stage four when they called him to say they finally looked at the scans. If he'd received treatment when the cancer was first detected he would have had a pretty good shot at survival.
I'm sorry :( They have a lot of blood on their hands. the entire regime :/
doge was designed to remove all investigations to musk,+ allow russia to access database and security right after.
HOW is this Possible? We ELIMINATED all of my VA Benefits, my Child's Education and School Lunch, SNAP Benefits, Healthcare and Infrastructure Funding! SURELY that gives us Enough Money for Billionaire Tax Breaks and Wars?
All those programs? A drop in the war bucket. We could have spent MORE on those programs healthcare and infrastructure, kept the tax breaks for billionaires and still have a bigger war bucket than the next few countries on the list.
Billionaires took all the money. I suppose that's why they're billionaires.
How did Biden let this happen?
Thanks Obama.
Technically correct. We hit 100% debt/GDP ratio in 2012. This headline is intended to manipulate you into thinking something that happened over a decade ago just happened.
We actually crossed 125% under Trump in 2020.
If only Bill could have focused on something other than blowjobs.
The debt is high as balls of course, but really there is no specific significance to reaching the level of the GDP of one year. You could just as well say it has reached 400% of the quarterly GDP or 33% of the three year GDP.
Personally I'm more worried about concrete numbers like the cost of servicing the debt yearly. That has reached 17% of your yearly budget by now.
A metric a lot of things experts tend to rely on is the debt-to-GDP ratio. The idea being that you can have an insane debt, but if your economic output is also insane, you'll be able to pay it off easier than a lesser economy. The US' is currently at 120%-ish as of earlier this year. Notable examples to pull from seem to be Greece, and how they defaulted from their debt spiral after failing a repayment (ratio: 180%), and Japan, which I believe currently holds the largest Debt-to-GDP ratio (238%-ish).
Edit: interjecting my thoughts that nobody asked for, is that debt seems like a weird unknown in the economic media I see. Like, growing a significant debt is bad, but it oftentimes is used on infrastructure that you can't just un-build, like what you can with a debt. When a country that did so defaults, I know there's studies into it, but it almost seems terribly underreported on. So much so that I can't say I'd know how things will unfold, especially with an economy of the US' importance.
Edit: also yeah, I'm saying the included image/article/whatever in the post is wrong. We surpassed that in 2013.
I was going to make some joke, but instead I’m just going to talk about being heartbroken.
Because if, by some miracle, we get more anti-establishment elected officials in 2028, their policies would most assuredly destroy the country. Not because those policies are bad, but because the safety nets that would have absorbed the market shock were destroyed by this administration.
better now then the future, just like they would have been better even earlier, but thems the breaks
This is intentional. Crash the economy, then use that as an excuse to shutter every social program and public good. In ride the corporations on their white horse to offer us those same services, for a price. Can't afford the new prices for using the highway, fire protection, your kid's school? No problem, just sign here and your great-grandkids will still be down your debt.
Its trumps debt. Every cent of it should come from his accounts
Every cent should come from his voters and donor's accounts.
When you're borrowing money to service the debt, things can get spicy
I am so sick of the fiscally irresponsible Demonrats running up our national debt. If only they could follow the fiscally conservative Republisaint's example and cut all those pesky welfare programs like Social Security and Medicare.
Imagine if we took all that wasted money and gave it to wealthy to manage. Trickledown only works if we send a tidal wave of money upwards. So much money that some invariably trickles down to the undeserving poors.
We just have to switch to a regressive national 10% sales tax (with exceptions for large ticket item purchases that only wealthy people can make of course) we could have our Demonrat debt problem solved within a couple of years.
The house we bought is more than 3x our annual income, and our budget works ok so I don't think the absolute size of it is the problem, the problem is more that it's not being paid off, and that the money spent went into the pockets of the super-rich, and into bombs and all sorts of other counter-productive purchases.
Curious to see if it's gonna impact the USA credit ratings
"The Art of the Steal" now available in all banks of the US of A.
It's simple, really. Trump has foreseen all of the economic mistakes the next democrat president will make and is already fixing them, before they even happen. Some of you should be a little more grateful.


