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Started By
Message
re: The U.S. national debt hits $40 trillion
Posted on 8/19/26 at 6:44 pm to WhiteMandingo
Posted on 8/19/26 at 6:44 pm to WhiteMandingo
quote:
Secondly who is going to call in the debt?
The taxpayer via inflation when we print money to pay the interest
Posted on 8/19/26 at 6:45 pm to RLDSC FAN
Cut govt by 75%. All of it.
Posted on 8/19/26 at 6:54 pm to RLDSC FAN
Wait, I thought Republicans were fiscally conservative?!???
Posted on 8/19/26 at 6:57 pm to Bunk Moreland
Category. FY2025 spending. Mostly established before Trump?
Social Security
$1.575T
Yes
Medicare
$988B
Yes
Medicaid
$881B
Yes
Net interest
$970B
Primarily legacy debt
Defense discretionary
~$893B
Mostly prior laws/appropriations
Nondefense discretionary
~$960B
Mostly prior laws/appropriations
Other mandatory
~$773B
Mostly prior laws
Total
~$7.0T
Our annual budgets are not the fault of one president. This issue had been in the works for over 100 years.
Social Security
$1.575T
Yes
Medicare
$988B
Yes
Medicaid
$881B
Yes
Net interest
$970B
Primarily legacy debt
Defense discretionary
~$893B
Mostly prior laws/appropriations
Nondefense discretionary
~$960B
Mostly prior laws/appropriations
Other mandatory
~$773B
Mostly prior laws
Total
~$7.0T
Our annual budgets are not the fault of one president. This issue had been in the works for over 100 years.
Posted on 8/19/26 at 7:24 pm to fightin tigers
quote:
What free stuff have we taken away?
We've simply redirected that money -- along with middle class government jobs that actually resonate economically in communities -- to shareholders with sweetheart contracts and tech billionaires.
Posted on 8/19/26 at 7:27 pm to wm72
quote:
along with middle class government jobs that actually resonate economically in communities
Wut?
The 10% fed workforce reduction is one of the few serious things djt has done.
Posted on 8/19/26 at 7:34 pm to Bunk Moreland
George Bush of all people had the perfect plan to solve our long term debt problem and people killed it:
quote:
In 2001 George W Bush proposed a partial privatization plan for Social Security so you could put 10% of your SS contribution into the markets.
People rejected this.
We can now see that if it had passed, the 10% that went into the markets would have outperformed the 90% the government managed, the program would be solvent, and the average SS recipient would be receiving 2X what they currently receive.
The worst bet you’ll ever make is betting on government.
Posted on 8/19/26 at 7:37 pm to HailHailtoMichigan!
quote:
The 10% fed workforce reduction is one of the few serious things djt has done.
At a time when the major issue in America is the dwindling of middle class jobs, it's certainly "serious" that you cut government jobs where that money isn't going into a black hole but creating middle class jobs and those people are spending that money in their local communities.
If you say it's to cut the deficit that's a decent argument.
If you simply do it while then also increasing government spending on wars, sweetheart contracts for companies that make electric shock gloves and bigly contracts for tech billionaires it's not to save taxpayer dollars. It's to filter the tax money through shareholders of those corporations.
This post was edited on 8/19/26 at 7:41 pm
Posted on 8/19/26 at 7:38 pm to WhiteMandingo
quote:
Secondly who is going to call in the debt?
20% is owed to Social Security, so they might want their money.
Federal Reserve has another 16%.
Throw in what is owed to pension funds, mutual funds, saving bonds and you are getting close to half the debt.
Posted on 8/19/26 at 7:43 pm to SOSFAN
quote:
Just to name a few condoms and aids prevention to other countries. Trans surgery and drag books to other countries. EBT has been cut by over 5.4 million plus many with it now have to buy food and not candy and sida
We'll be debt free in no time.
Posted on 8/19/26 at 7:45 pm to wm72
quote:
At a time when the major issue in America is the dwindling of middle class jobs, it's certainly "serious" that you cut government jobs where that money isn't going into a black hole but creating middle class jobs and those people are spending that money in their local communities.
I’m sorry but this is pure economic illiteracy.
It’s not the government’s job to provide jobs. In fact, featherbedding is *bad* for the economy because it diverts labor away from where it can actually be productive.
Labor is a scarce resource. This reminds me of a famous Milton Friedman story:
Posted on 8/19/26 at 8:06 pm to HailHailtoMichigan!
quote:
pure economic illiteracy.
I'll take it into consideration. After seeing your numerous topics here, I realize you are an expert on pure economic illiteracy or better convoluted trickery.
For whatever it's worth, obviously not much to you or Trump/Vance, the MAGA/America First movement that put them in power wasn't about economic theories designed to consolidate more and more wealth in fewer hands, at least not openly. It was actually about middle class jobs and the cost of basic living expenses for working people.
Posted on 8/19/26 at 8:06 pm to HailHailtoMichigan!
I didn't realize it has doubled since 2017. We're cooked.
Posted on 8/19/26 at 8:08 pm to forkedintheroad
That’s what Dennis miller said ….
Who do we owe?
frickem em … don’t pay em
Who do we owe?
frickem em … don’t pay em
Posted on 8/19/26 at 8:08 pm to RLDSC FAN
If you spent 1 million dollars a day, you’d need 110,000 years to spend 40 trillions.
Posted on 8/19/26 at 8:13 pm to kywildcatfanone
quote:
Cut govt by 75%. All of it.

Posted on 8/19/26 at 8:15 pm to wm72
Stop bringing trump into the debate. He’s largely an economic ignoramus (tariffs, buying stakes in companies, etc)
But that doesn’t mean he, like a broken clock, isn’t occasionally right.
The federal workforce since Covid was getting way too big and bloated.
Bill Clinton also cut 10-15% of the federal workforce in 1992 and 1993 and it led in part to the tech boom of the late 90s, as all that freed up labor entered the private sector.
It is *bad* for an economy if labor is unnecessarily employed
But that doesn’t mean he, like a broken clock, isn’t occasionally right.
The federal workforce since Covid was getting way too big and bloated.
Bill Clinton also cut 10-15% of the federal workforce in 1992 and 1993 and it led in part to the tech boom of the late 90s, as all that freed up labor entered the private sector.
It is *bad* for an economy if labor is unnecessarily employed
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