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Started By
Message
National debt over 100% of GDP
Posted on 4/30/26 at 2:06 pm
Posted on 4/30/26 at 2:06 pm
No fiscal responsibility in sight, no matter who is in charge.
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Posted on 4/30/26 at 2:08 pm to alabamabuckeye
We are at war.
Posted on 4/30/26 at 2:08 pm to alabamabuckeye
How much of that is fraud, waste, and abuse? Illegals and welfare?
Posted on 4/30/26 at 2:10 pm to alabamabuckeye
Do you owe more than you earn annually? Asking for a friend.
Posted on 4/30/26 at 2:32 pm to alabamabuckeye
Crazy how this is a big deal a year into trumps term when the debt and spending has been out of control for decades. Nobody ever likes blaming the ones responsible for the purse…
Posted on 4/30/26 at 2:37 pm to alabamabuckeye
Balance the Budget and raise taxes. Problem solved....... Oh wait. Nobody is willing to suck it up and feel the pain. Just remember, you voted these idiots in to Office.
Posted on 4/30/26 at 2:38 pm to OchoDedos
Lower taxes raises revenue. But they love to spend. Think Laffer Curve.
Posted on 4/30/26 at 2:43 pm to alabamabuckeye
Trillions of dollars being stolen to fund fake daycares, fake hospices, fake this, fake that has absolutely nothing to do with our debt
Posted on 4/30/26 at 2:44 pm to Timeoday
quote:
Lower taxes raises revenue
Robbing Peter to pay Paul
Posted on 4/30/26 at 2:47 pm to OchoDedos
More money in the hands of consumers who spend for more products produces more employees needed to produce those products, hence more taxpayers cumulatively increasing revenue.
Posted on 4/30/26 at 2:55 pm to OchoDedos
quote:
raise taxes.
Congress has proven that it doesn't matter how much tax receipts increase, they'll just increase deficit spending to compensate. This makes the Laffer Curve irrelevant because it means you have to cut spending before you consider any changes to tax policy.
quote:
Oh wait. Nobody is willing to suck it up and feel the pain.
We are in agreement here, just not from the same angle.
What the headline of this thread is really saying is that "any positive GDP growth is dependent on deficit spending at a ratio higher than 1:1 (deficit to growth)." Auction tails have slowly been growing, meaning demand for US debt is weakening. Both of these are signs that the USD is starting to see strengthening effects of currency debasement due to so much debt creation.
Posted on 4/30/26 at 3:02 pm to Bard
In debt to who? Who gives the government money if they don't get it from taxpayers?
Posted on 4/30/26 at 3:08 pm to PrattvilleTiger
quote:
In debt to who? Who gives the government money if they don't get it from taxpayers?
They give themselves an IOU. The more technical term is "borrowing against future tax receipts" but the reality is:
In other words, it's just tax money we haven't given them yet but they spend it anyway.
Posted on 4/30/26 at 3:15 pm to SoFlaGuy
I'm 100% certain that we could cut medicare and medicaid in half because of all the waste and fraud, which ABSOLUTELY affects the deficit
This post was edited on 4/30/26 at 3:16 pm
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