re: American Taxpayers are about to get bent over

Meet the new boss, same as the old boss

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That is incorrect. When Biden left office it was well over 37 trillion.

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I stand corrected: when I added that figure under Biden’s image several years ago, the $34.5 trillion amount was then estimated to be the debt at the end of Biden’s term. I’ll correct it before I post it again.



Yet despite that error, the image correctly illustrates that the debt is increasing at an exponential rate. The cost of servicing this debt has itself become one of its largest components, as compounding effects generate a self-reinforcing feedback loop.

The debt has thus become self-sustaining: at some point in 2024, interest payments exceeded expenditures on both defense and Medicare. This dynamic should not be attributed solely to imprudent fiscal spending, but rather understood as an inherent outcome of the inflationary monetary policies implemented by the Federal Reserve.



budget.house.gov

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Also the reason no one is concerned with the debt is because the majority of our debt is to the American people.

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Domestic debt doesn’t make the burden disappear — it simply shifts who bears it and how the debt is managed. The government doesn’t “owe the people” in the abstract — it taxes some citizens to give payments to others, with real distributional consequences.

Over time, an accommodative monetary policy creates and encourages political and financial dependence on perpetual borrowing. And as interest payments on the debt absorb ever more resources, it distorts capital allocation and crowds out more productive private investment.

“Owing it to ourselves” still doesn’t mean it’s a free lunch. Government debt is not neutral simply because its owed domesticity — it’s a mechanism to transfer wealth, not create wealth.

US taxpayer has been bent over for a long time. Maybe u don’t remember gas prices under poopy pants, all of the fraud in Minnesota, California, New York, Maryland, etc….etc….
Hell public education in this country doesn’t educate, it indoctrinates our children be to little jihadi communists. No proper education. I have never seen a worse product being pushed out of public education. What a fcking joke. We are paying for that too.
Extreme arse raping done by the previous installed crony Marxist US government.

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Yes liberal source

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What the heck were you doing on a liberal site?

Quote: How much have we wasted on SNAP?

Howdy, were you aware in fiscal year 2023, children under 18 accounted for approximately 39% of all Supplemental Nutrition Assistance Program (SNAP) participants. Overall, 79% of SNAP households include a child, elderly individual, or person with a disability. Not a perfect program by any means and shame on those that abuse the system, but it does help many that are less fortunate and destitute in the country. No one should go to bed hungry in a country as rich as ours. Gig'em!

My God so true. Everyone ok with $5 gas for Ukraine but have conveniently forgotten it. Amazing.

There was literally no one ok with high gas prices then, and no one is ok with them now.

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There was literally no one ok with high gas prices then

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All of you libtards wearing tbe Ukraine flags loved high gas prices

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We are currently funding the Pentagon at a record level, approaching a trillion dollars this year. They are already lobbying for a $1.5 trillion budget for next year.

If they can't "kill bad guys" with a trillion dollars......frick em.

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I came to post the same jist but you already said it better.

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“Owing it to ourselves” still doesn’t mean it’s a free lunch. Government debt is not neutral simply because its owed domesticity — it’s a mechanism to transfer wealth, not create wealth.

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It’s also a tax increase, via inflation, that Congress isn’t blamed for, though Congress is responsible for it.