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Are we too far gone already? (US Debt Reduction)
Posted on 6/6/25 at 4:32 pm
Posted on 6/6/25 at 4:32 pm
Loading Twitter/X Embed...
If tweet fails to load, click here. Did an amazing breakdown of our current situation. Even with cutting in half Social Security, National Defense, and Medicare we dont even cover the current deficit.
So that begs the question, without a tax increase, are we just too far gone at this point?
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Posted on 6/6/25 at 4:33 pm to 50_Tiger
quote:
Even with cutting in half Social Security, National Defense, and Medicare we dont even cover the current deficit.
I remember my first DOGE thread
Posted on 6/6/25 at 4:35 pm to 50_Tiger
Once again. You are not looking at the whole picture.
1.6 trillion in the BBB cut in medicaid.
2.8 trillion cut via other revenue.
500 billion in rescission cuts.
That's 4.9 Trillion in cuts to the deficit.
1.6 trillion in the BBB cut in medicaid.
2.8 trillion cut via other revenue.
500 billion in rescission cuts.
That's 4.9 Trillion in cuts to the deficit.
Posted on 6/6/25 at 4:36 pm to 50_Tiger
The Trump administration thinks yes - we should spend our tax money on a grand ballroom and put it on the gold card
This post was edited on 6/6/25 at 4:36 pm
Posted on 6/6/25 at 4:36 pm to BCreed1
quote:
Once again. You are not looking at the whole picture.
1.6 trillion in the BBB cut in medicaid.
2.8 trillion cut via other revenue.
500 billion in rescission cuts.
That's 4.9 Trillion in cuts to the deficit.
This is over 10 years.
Im talking about right now. The graph shows our current situation and basic math suggests we're in deep shite. Nothing about the BBB suggests a 50% reduction in ANYTHING.
Posted on 6/6/25 at 4:37 pm to 50_Tiger
If becoming a 3rd world country stops 3rd world invaders from coming here put it on the record I’m in.
Posted on 6/6/25 at 4:38 pm to 50_Tiger
quote:
Are we too far gone already?
Not when you own the printing press and other countries own a printing press that is printing faster than you.
Have you ever heard of the term, "race to de-base"?
Posted on 6/6/25 at 4:40 pm to 50_Tiger
quote:
This is over 10 years.
And? It's always over 10 years. That how it's calculated. But the whole narrative of the debt not being addressed is FALSE.
We could stop all spending today and we would still have that debt.
Posted on 6/6/25 at 4:43 pm to BCreed1
quote:
And? It's always over 10 years. That how it's calculated. But the whole narrative of the debt not being addressed is FALSE.
We could stop all spending today and we would still have that debt.
The point is the BBB does nothing substantial to address the current deficit gap. It's based in hope that if parameters over a DECADE go correct, we might slow the deficit gap growth a little.
If we were actually serious about paying down the debt, a tax increase somewhere would have to happen along with significant cuts to entitlements and defense.
At least this is what this graph tells me.
Posted on 6/6/25 at 4:44 pm to BCreed1
quote:
And? It's always over 10 years. That how it's calculated. But the whole narrative of the debt not being addressed is FALSE.
Okay, how much of the current $36T debt will be gone in ten years because of this bill?
Posted on 6/6/25 at 4:45 pm to BCreed1
The key is off we could cut the deficit in half and hold government spending for a while and hopefully get some massive economic growth, we might begin to grow our way out of the debt.
Posted on 6/6/25 at 4:45 pm to SlayTime
quote:
If becoming a 3rd world country stops 3rd world invaders from coming here put it on the record I’m in.
MAGA bitches
Posted on 6/6/25 at 4:45 pm to David_DJS
quote:
Okay, how much of the current $36T debt will be gone in ten years because of this bill?
Do negative numbers count?
Posted on 6/6/25 at 4:45 pm to 50_Tiger
quote:
Are we too far gone already? (US Debt Reduction)
Technically? No, we aren't too far gone.
Functionally? Yes, we are too far gone.
We could absolutely reverse course and pull ourselves out of this hole, but it will be difficult, and in some areas legitimately painful. The cure will not be easy. That being said, there is zero interest in Congress to do it. Some critters like Massey and Paul say they want to, but it's really easy to talk and vote when you know that no matter what you do it doesn't matter. Massey's attitude would be completely different if he actually had the power to back up his talk.
So, functionally its just to late. Its just a question of how long before we cross the event horizon and it collapses. 50 years? 30?
10?
Posted on 6/6/25 at 4:46 pm to BCreed1
quote:
1.6 trillion in the BBB cut in medicaid.
2.8 trillion cut via other revenue.
500 billion in rescission cuts.
That's 4.9 Trillion in cuts to the deficit.
*Assuming the best, that's over 10 years.
How much per year is the defense budget increased, in comparison?
Why are our deficits, under this most optimistic assessment, projected to grow with all of these cuts?
Posted on 6/6/25 at 4:46 pm to David_DJS
quote:
Okay, how much of the current $36T debt will be gone in ten years because of this bill?
Once again, it's not just this bill.
Posted on 6/6/25 at 4:46 pm to 50_Tiger
From a personal perspective you need to understand that increasing taxes overtly is not politically tenable. So taxes get raised covertly through printing dollars which causes inflation. You protect yourself from the hidden tax of inflation by owning and acquiring assets. Don't hold on to cash. Cash is not a long or medium term store value. It's a very short term store of value. Just use cash to exchange assets.
Posted on 6/6/25 at 4:47 pm to BCreed1
quote:
But the whole narrative of the debt not being addressed is FALSE.
We could stop all spending today and we would still have that debt.
That's why WE are talking about the deficit, too.
Posted on 6/6/25 at 4:47 pm to BCreed1
quote:
Once again, it's not just this bill.
Posted on 6/6/25 at 4:48 pm to BCreed1
quote:
Once again, it's not just this bill.
The answer is it doesn't touch the $36T current debt. What it does is "slow the growth of debt" - so if we're lucky, as long as congress does what it's never done in recent history and pass the spending cuts scheduled for down the road, we'll only have $50T debt in 2035.
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