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re: The U.S. national debt now exceeds 100% of gross domestic product

Posted on 4/30/26 at 11:27 am to
Posted by ronricks
Member since Mar 2021
12229 posts
Posted on 4/30/26 at 11:27 am to
quote:

Do you want government spending to be cut? Where?


Lets start with entitlements and welfare spending.
Posted by Azkiger
Member since Nov 2016
28172 posts
Posted on 4/30/26 at 11:33 am to
I'd rather pour bleach into my eyes than have to comb through pages and pages and pages of your posts. Seeing you every few threads is about all I can manage.
Posted by deltaland
Member since Mar 2011
102781 posts
Posted on 4/30/26 at 11:42 am to
A continued devaluation of the dollar leading to inflation and less purchasing power thus destroying the middle class


But hey Elon and the tech elite will be nice enough to give us UBI so we don’t have to work hard for our bugs and pod homes
Posted by LSUPilot07
Member since Feb 2022
8619 posts
Posted on 4/30/26 at 11:51 am to
Thats what happens when the autopen is POTUS for 4 years.
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
77768 posts
Posted on 4/30/26 at 11:52 am to
Did you ever stop to ponder how many homeless dudes you could be fellating instead of trying to uphold liberal filth "values" here on the regular?
Posted by boxcar willie
kenner
Member since Mar 2011
16174 posts
Posted on 4/30/26 at 11:53 am to
It's okay, no worries, the magatard has a solution for this. The solution is to cut taxes and increase spending. Yeah that's the ticket.
Posted by The Eric
Member since Sep 2008
24415 posts
Posted on 4/30/26 at 11:53 am to
I’m gonna trust Elon and hope that he’s right with AI basically fixing everything and there will be so much surplus we won’t know what to do.
Posted by wdhalgren
Member since May 2013
5331 posts
Posted on 4/30/26 at 11:55 am to
quote:

Lets start with entitlements and welfare spending.


Why not start with the Federal Bureaucracy? Big government always looks for a way to get bigger, so let's start there, eh?

When you say entitlements, I assume you mean transfer payments that were unearned, ie, not earned by paying into the system. On the other han d, if you mean all government transfers, including social security and medicare, then maybe we should include federal employee retirement plans? What about home mortgage deductions, student loan guarantees, bank deposit guarantees, federal government home mortgage underwriting and subsidies? Corporate subsidies, educational grants, farm subsidies, transfers to states for medicaid and food stamp programs, Obamacare? Etc.

When we start eliminating all the government perks and transfers, the list suddenly becomes very "inclusive".
This post was edited on 4/30/26 at 11:56 am
Posted by biscuitsngravy
Tejas, north America
Member since Jan 2011
3893 posts
Posted on 4/30/26 at 12:14 pm to
quote:

It's quite the concern, almost devastating.

One side of the Uniparty doesn't care, as long as power is maintained or acquired. The other side only cares slightly more ... to simply give lip service.


this is an accurate statement regarding the current state of affairs. it's barely mentioned in passing. jamie dimon mentioned it this week as well, warning we'll have disorderly bond market at some point soon and it's sad we lack the political maturity to deal with it before a crisis.
Posted by BugAC
St. George
Member since Oct 2007
57898 posts
Posted on 4/30/26 at 12:17 pm to
quote:

Green Chili Tiger


You're ghosting your own thread, my man. I ask again. Do you support massive spending cuts for government programs? Smaller government?
Posted by biscuitsngravy
Tejas, north America
Member since Jan 2011
3893 posts
Posted on 4/30/26 at 12:22 pm to
Posted by rebeloke
Member since Nov 2012
17284 posts
Posted on 4/30/26 at 12:25 pm to
In before Fiscal Dominance
Posted by LSU Patrick
Member since Jan 2009
77933 posts
Posted on 4/30/26 at 12:25 pm to
quote:

And almost all of it is fraud/laundered.


And we will never get it back. Anyone considering staying home and not voting because of TDS needs to wake up. The dems will tax us more to refund all the fraud, waste, and abuse. They will use everything possible (expand SCOTUS, make DC a state, increase taxes/regulations, open the border back up, expand welfare, etc.) to make us suffer for trying to take our country back and stop the scams.
Posted by ManBearSharkReb
Member since Dec 2018
6224 posts
Posted on 4/30/26 at 12:32 pm to
quote:

A continued devaluation of the dollar leading to inflation and less purchasing power thus destroying the middle class


Yep we’re in a debt spiral and the only way to keep from defaulting is to continue printing and inflating.

Eventually it will all collapse and the entire world will descend into chaos.
Think about how many regional conflicts are kept in check by the US playing good cop: India Pakistan, China and all its neighbors, Israel and all its neighbors, Russia and Eastern Europe, Africa in general, etc.
Posted by wdhalgren
Member since May 2013
5331 posts
Posted on 4/30/26 at 12:37 pm to
quote:

jamie dimon mentioned it this week as well, warning we'll have disorderly bond market at some point soon


I would respect Mr. Dimon a lot more if he'd said this back in 2008/2009 when the federal reserve started wholesale monetizing debt across the yield curve. You can't distort the bond market on that scale for that long, use inflationary monetary policy to lower the cost of borrowing, without causing a disorderly bond market at some point in the future. You can't create cost free govt spending for the better part of a decade and expect to see a voluntary return to rational govt spending in the future. And you can't permanently offshore industries and jobs, run permanent trade deficits to mitigate the impact of your home grown inflation, without eventually sacrificing your own currency. There's no free lunch and never has been.
This post was edited on 4/30/26 at 12:41 pm
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
77768 posts
Posted on 4/30/26 at 1:08 pm to
quote:

And we will never get it back.


Republic credits from the Star Wars prequels are as valid & tangible a currency as the "US Dollar" as issued by the Federal Reserve.

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