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re: Doing taxes really makes you think
Posted on 2/13/24 at 3:26 pm to fareplay
Posted on 2/13/24 at 3:26 pm to fareplay
I believe I heard yesterday that the interest payments on our national debt was 300 billion in 2020. This year it’s 800 billion, so a lot now goes towards that. Guess who came into office in 2021 and more than doubled it?
This post was edited on 2/13/24 at 3:27 pm
1
Posted on 2/13/24 at 3:30 pm to Bring Da Wood
quote:
I believe I heard yesterday that the interest payments on our national debt was 300 billion in 2020. This year it’s 800 billion, so a lot now goes towards that
We will eventually default. This path is unsustainable.
The problem is that the changes necessary would make the administration doing them very unpopular, and they know they'll be out of office or dead before it blows up. This applies to both parties. There are no fiscal conservatives.
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