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re: Stop worrying about the debt

Posted on 6/3/25 at 7:00 pm to
Posted by texas tortilla
houston
Member since Dec 2015
3388 posts
Posted on 6/3/25 at 7:00 pm to
The debt finally caught up to England. The British empire was gone after ww2. FDR cleaned them out.
Posted by Toomer Deplorable
Team Bitter Clinger
Member since May 2020
21561 posts
Posted on 6/3/25 at 7:03 pm to
What is the worry? It’s just money — can’t we just print more?



This post was edited on 6/3/25 at 7:04 pm
Posted by lotik
Member since Jul 2018
530 posts
Posted on 6/3/25 at 7:06 pm to
How much debt should we have?
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
32432 posts
Posted on 6/3/25 at 7:08 pm to
quote:

So why were we worried about it under Biden

It was a good, viable talking point.

Did I actually care? Yes, and no. I want the debt to come down, but it literally takes an act of Congress. And Congress is a worthless conglomerate of corrupt entities that exist solely to fuel their own self-serving agendas and fatten their wallets.

So yes, I actually did stop giving a shite about the debt because the OP is correct- we're too far gone. I'll take any little victory I can get, and right now, no tax on overtime would be an incredible victory that would help me to pad my stores and larder for what is coming.

I voted for Trump not because he promised to cut spending with DOGE and in other areas, because I knew that would be up to Congress and they'd frick the dog. I voted for him to lower prices of commodities, increase my net pay and deport freeloaders. And, well, at least the price of things has come down thus far and a decent chunk of illegals have been sent packing.

But I really don't know why the OP caught so many downvotes. We really are beyond the event horizon. There's no coming back from this mountain of debt, when Congress only increases not only the debt ceiling but also their spending every. single. year.

Someone, anyone, give a logical and rational explanation, with the current cast of characters controlling everything, as to how there is a way out of this mess? I mean, other than an actual insurrection.
Posted by GumboPot
Member since Mar 2009
133819 posts
Posted on 6/3/25 at 7:20 pm to
quote:

Will we see any balanced budgets/surpluses under Trump's next admin? quote:Posted on 7/20/24


I must have been in a slightly blue pilled optimistic mood when I replied to you in that thread. My response was, “I doubt it”. The only reason for a little optimism, because I lived through the Gingrich congress and the internet boom where the U.S. Treasury actually saw a surplus.
Posted by olgoi khorkhoi
priapism survivor
Member since May 2011
15891 posts
Posted on 6/3/25 at 7:27 pm to
quote:

If they made the hard choices that are needed they would lose their election.

We have a system that punishes people for doing the right thing.



The system relies on voters to be informed and responsible. You can't blame the system when the majority of Americans are selfish retards with the attention span of a goldfish.
This post was edited on 6/3/25 at 7:31 pm
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
77130 posts
Posted on 6/3/25 at 7:45 pm to
quote:

You can't blame the system when the majority of Americans are selfish retards with the attention span of a goldfish.


It's a universal suffrage system.

We can blame it.

The results we are getting is by design.
Posted by Penrod
Member since Jan 2011
47643 posts
Posted on 6/3/25 at 7:48 pm to
quote:

Fun fact, the federal govt had a surplus in April.

Gee, everyone has a surplus on payday.
Posted by 4cubbies
Member since Sep 2008
54865 posts
Posted on 6/3/25 at 8:01 pm to
I took one economics class in my whole life. I remember a few things from it: opportunity cost, sunk cost and don’t worry about the National debt.
Real talk.
This post was edited on 6/3/25 at 8:02 pm
Posted by CenlaLowell
Alexandria, la
Member since Apr 2016
1126 posts
Posted on 6/3/25 at 8:02 pm to
We should definitely worry about the debt and start writing bills that don't add to it.
Posted by Flats
Member since Jul 2019
25486 posts
Posted on 6/3/25 at 8:14 pm to
quote:

The only reason for a little optimism, because I lived through the Gingrich congress and the internet boom where the U.S. Treasury actually saw a surplus.


That was fool's gold.
Posted by NYNolaguy1
Member since May 2011
21475 posts
Posted on 6/3/25 at 8:19 pm to
quote:

Gee, everyone has a surplus on payday.


Second largest surplus in history .
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
88266 posts
Posted on 6/3/25 at 8:20 pm to
The debt is the ultimate Fugazi
Posted by lotik
Member since Jul 2018
530 posts
Posted on 6/3/25 at 8:21 pm to
How much debt should we have?
Posted by GumboPot
Member since Mar 2009
133819 posts
Posted on 6/3/25 at 10:23 pm to
quote:

How much debt should we have?



The amount of debt we should have is not well defined because it’s part of a well defined objective. That objective is 2% inflation.

In order to achieve 2% inflation there has to be sufficient fiscal policy (spending) such that the money supply can increase sufficiently (monetary policy) to overcome faster and natural deflation on goods and services balanced with slower inflation due to population increases.

With a 2% inflation goal this government by design shall maintain and manage debt. It’s just the math.


If the government wants to get out of debt, stop selling it. But that would probably start the collapse of the banking system under this monetary and fiscal paradigm.
Posted by biglego
San Francisco
Member since Nov 2007
80599 posts
Posted on 6/3/25 at 10:27 pm to
I think it’s ok to both worry about it and acknowledge that nothing will be done about
Posted by DyeHardDylan
Member since Nov 2011
8667 posts
Posted on 6/3/25 at 10:46 pm to
Too many on here haven’t figured out yet that Democrat and Republican politicians essentially play for the same team. Even Trump essentially squashed the DOGE cuts. And the reason is that they like that power; Washington controls an empire and a world reserve currency, that is corrupting to even the least corruptible person. And there is no incentive for our leaders to be financially responsible because their terms are fixed. Therefore, the incentive is to spend as much as possible before they’re out of office, and they can kick the can down the road.
Posted by Tantal
Member since Sep 2012
17763 posts
Posted on 6/3/25 at 11:06 pm to
quote:

If we fail everyone will.

We've never imported a financial crisis, but we've exported every single one of ours. If we hurt, the rest of the world hurts even worse.
Posted by Bengalbio
Member since Feb 2017
1876 posts
Posted on 6/4/25 at 12:17 am to
quote:


I think it’s ok to both worry about it and acknowledge that nothing will be done about


This actually where I am.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
10037 posts
Posted on 6/4/25 at 1:01 am to
The debt is so large at this point. The only way to balance it and make a meaningful impact would be to pare down the government to bare bones including military spending.

The cuts would be so drastic that it would put the economy in the crapper.

One way out would be to repatriate overseas manufacturing and domestic mineral extraction. If we could expand America’s manufacturing base and cement America’s place in mineral mining and energy production, we can grow GDP and make the debt smalller as a percentage of GDP and increase tax revenues with a stronger economy with more workers in the workforce.

That is a lot of Orange Koolaid to swallow, but that seems to be the plan.
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