re: We crossed $40trillion in debt

AI is the last attempt to keep us from collapsing or keep us under surveillance during the collapse. That is why they're pouring everything into it.

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This is false. I am a Republican. I care.

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Are you a Republican politician? Didn’t think so.

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Feels like the last gasps of a dying empire.

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Besides diluting the money supply, you know what else is the sign of a dying empire?

1 Fighting dumber and dumber wars that have 0 material benefit to the homeland. Ex. Britain's last great empirical victory was against Argentina over the Falkland Islands

2 Also a turn towards degeneracy

3 Political leaders that are more a product of the system than beloved by the people for their abilities

Have you seen how much Trump has spent?

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LOL, this is propping up nothing. It’s just creating more parasites. If you care anything about getting deficit spending under control, the first thing you would do is rid the country of the 30 million + illegals squatting here.

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Yes and no, yes there are leaches, but there's no doubt, their cheap labor helps prop all this up.

Sadly, the vast majority of voters will vote for the same Rs and Ds that are doing this to us. I don’t care what third party you vote for, but it’s time to change.

I don’t fully grasp the rationale of the federal reserve except to create a “bank” that can lend us money. It’s like if you had your own bank that loaned you as much money as you wanted. What if you just didn’t pay it back?

Then Consider that the Fed reserve is the largest holder of our Gov treasuries (debt) and then play out a scenario that we don’t pay it back…. Hmmm

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Damn, Doge really didn’t do a goddam thing did they

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Well you loons tried to arrest the entire team

I think the MMT people are right - debt doesn't matter when the entity in debt is the same entity that creates the money. Debt matters to me and you because we don't print money, but the government is not an individual.

Conventional economic theory predicts that a high debt to GDP ratio causes collapse. Well, they were wrong about Japan who has had over a 200% debt to GDP ratio for 30 years. (Ours is 120%). How did Japan do it? They never had a ton of inflation (and even deflation at times). MMT theorists cite this as a win for their ideas. (MMT states that as long as inflation is low, the debt doesn't matter at all).

Britain is another example. They ran enormous debts for centuries. By the time of the American Revolution they had a 156% debt to GDP ratio (it's one reason they wanted to tax the colonists here). Then they went and fought Napoleon and grew their debt much more at a ratio of 200% debt to GDP (and a total debt of about $1 billion). If you convert that to 2026 dollars using the modern American GDP, that means Britain's debt in 1815 was equivalent to the U.S. owing $65 trillion today.

Despite this, Britain was still the world power up until about WWI.They collapsed after WWII, but debt wasn't the main reason. (Ironically, the U.S. held most of Britain's debt at the time). Two world wars, losing a ton of young people, the USA rising, Germany and Japan competing in industry all created a perfect storm.

On the other hand, Britain was really good about getting that debt to GDP ratio DOWN during peacetime (down - to like 20%). The interesting thing about the U.S. is we are the opposite - ours has grown more during peacetime than it ever has during any war. Why? Because our politicians in the past 40 years have borrowed to finance wars instead of raising taxes. In fact, they borrow and then decrease taxes at the same time.