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re: We crossed $40trillion in debt
Posted on 8/17/26 at 10:00 pm to AUstar
Posted on 8/17/26 at 10:00 pm to AUstar
Both mmt and real austrian economists are both correct on certain points. The US needs to have their hands in the world, that’s what world powers do. Letting the world fester is, unfortunately, not a responsible approach.
The US debt is large, but compared to our peers we aren’t terrible. Russia’s is low but their economy is shockingly small, they just have a ton of nukes. Chinas isn’t as bad as the US, but they have an extremely large demographic problem. Their one child policy is going to destroy their country in 30 years.
Europe is lost for at least ten more years, probably 20.
The US debt is large, but compared to our peers we aren’t terrible. Russia’s is low but their economy is shockingly small, they just have a ton of nukes. Chinas isn’t as bad as the US, but they have an extremely large demographic problem. Their one child policy is going to destroy their country in 30 years.
Europe is lost for at least ten more years, probably 20.
Posted on 8/17/26 at 10:01 pm to CastleBravo
quote:
Democrats don't care
And republicans/conservatives do? Trump has increased the debt more than anyone. It’s two sides of the same shitty coin brother.
Posted on 8/17/26 at 10:08 pm to billjamin
I don't understand what they think they're doing. I remember when the Peso collapsed in Mexico, they issued the New Peso. The old Peso was worth one thousandth of the New Peso.
The City of Prichard's economy collapsed and after going to court the pensioners were awarded a dime on a dollar.
The City of Prichard's economy collapsed and after going to court the pensioners were awarded a dime on a dollar.
Posted on 8/17/26 at 10:18 pm to DeltaDoc
quote:
Trump started in 2017 with $19.947 trillion in debt.
That’s so depressing
Why can’t we stop the bleeding
Posted on 8/17/26 at 10:22 pm to Bunk Moreland
quote:
and our Navy is sputtering out.
Swallow all of the shite poured down your throat
Posted on 8/17/26 at 10:24 pm to gumpinmizzou
quote:
And republicans/conservatives do? Trump has increased the debt more than anyone. It’s two sides of the same shitty coin brother.
What is this whataboutism horse shite?
You assholes are so protective of the democrat party that you cannot leave an insult to them alone.
Posted on 8/17/26 at 10:24 pm to Bunk Moreland
quote:
Just saw that. Our trillion dollar defense budget doesn't provide enough missiles and our Navy is sputtering out. Feels like the last gasps of a dying empire.
Idk if you could be any more of an anti American piece of shite to say something like this.
Posted on 8/17/26 at 10:50 pm to Tigertittie
quote:
but there's no doubt, their cheap labor helps prop all this up.
No, it keeps Americans unemployed and on a wide array of federal benefits programs. The overwhelming majority of these invaders are a net liability to the federal government. If they weren’t here taking jobs and holding down wages, more Americans could be induced to work, through the prospect of loss of benefits if necessary. People just have no idea how much these invaders are costing us. It’s staggering.
Posted on 8/17/26 at 10:53 pm to CastleBravo
A lot of countries have universal healthcare and doing just fine.
Posted on 8/17/26 at 11:12 pm to SlidellCajun
Don’t blame Massie. He was the first to call out Trump on spending
Posted on 8/17/26 at 11:23 pm to SloaneRanger
quote:
existing entitlement spending
quote:
Covid
quote:
Discretionary spending like defense
quote:
Parasites
All this, and no mention of the most pernicious and costly entitlements of them all: the unfunded Tax Cut For The Rich, 2017 Style, and the unfunded Tax Cut For The Rich Part Deux-- The Big, Beautiful Bill!
Trump ... has failed.
Posted on 8/18/26 at 1:28 am to tarzana
I've been waiting 2 weeks for the past 10 years for Trump's health care plan that's gonna be the cheapest and best the World's ever seen.
It's hard to still get mad when tax cuts for the rich is the first, usually only, significant budget related legislation a GOP president and full controlled Congress ever passes (through reconciliation) since they've done it the last 3 times they've wielded that kind of power.
It's hard to still get mad when tax cuts for the rich is the first, usually only, significant budget related legislation a GOP president and full controlled Congress ever passes (through reconciliation) since they've done it the last 3 times they've wielded that kind of power.
Posted on 8/18/26 at 2:35 am to HBsparty
I just checked the debt clock, we are close to breaking 40 trillion, but not there yet, probably a few weeks away
Posted on 8/18/26 at 3:15 am to SlidellCajun
So what is the real world outcome? 4% inflation for the foreseeable future? Total economic collapse? Pretty much nothing? The problem is I’m not sure anyone knows; therefore, voters in general don’t care about it. So, nothing will be done until something happens that people can relate directly to it. Then I wonder if it’s too late then to do anything about it.
Posted on 8/18/26 at 3:45 am to DeltaDoc
quote:
Trump - Biden - Trump has been a deadly combination for our debt.
Correction. Obama - Trump - Biden - Trump has been a deadly combination. That sequence accounts for over half the debt which is crazy because Obama was elected in 2008 not even 20 years ago.
Posted on 8/18/26 at 4:37 am to SlidellCajun
quote:
We crossed $40trillion in debt
But muh stock market
Yet, when you add in our unfunded liabilities, it’s more like $120 trillion.
This post was edited on 8/18/26 at 4:46 am
Posted on 8/18/26 at 6:23 am to Junky
Take it for what it's worth, its A.I.
Programs established under Democratic presidents
Approx. FY2025 spending
Social Security — FDR
$1.60T
Medicare — LBJ
$1.00T
Medicaid — LBJ
$668B
SNAP — LBJ
$106B
TANF — Clinton
$38B
Child Tax Credit — Clinton
$35B
CHIP — Clinton
$23B
School Lunch — Truman
$30B
Head Start — LBJ
$12B
Foster Care/Adoption — Carter
$10B
Total
˜ $3.522T
Programs established under Republican presidents
Approx. FY2025 spending
SSI — Nixon
$65B
WIC — Ford
$8B
EITC — Ford
$57B
Section 8/Housing — Ford
$53B
Child-care assistance — George H.W. Bush
$12B
LIHEAP — Reagan
$4B
Pell Grants — Nixon
$31B
Total
˜ $230B
As a percentage of the entire federal budget
Using $7.0 trillion in total federal outlays:
Democratic-origin programs: ~$3.522 trillion ? ~50.3%
Republican-origin programs: ~$230 billion ? ~3.3%
Programs established under Democratic presidents
Approx. FY2025 spending
Social Security — FDR
$1.60T
Medicare — LBJ
$1.00T
Medicaid — LBJ
$668B
SNAP — LBJ
$106B
TANF — Clinton
$38B
Child Tax Credit — Clinton
$35B
CHIP — Clinton
$23B
School Lunch — Truman
$30B
Head Start — LBJ
$12B
Foster Care/Adoption — Carter
$10B
Total
˜ $3.522T
Programs established under Republican presidents
Approx. FY2025 spending
SSI — Nixon
$65B
WIC — Ford
$8B
EITC — Ford
$57B
Section 8/Housing — Ford
$53B
Child-care assistance — George H.W. Bush
$12B
LIHEAP — Reagan
$4B
Pell Grants — Nixon
$31B
Total
˜ $230B
As a percentage of the entire federal budget
Using $7.0 trillion in total federal outlays:
Democratic-origin programs: ~$3.522 trillion ? ~50.3%
Republican-origin programs: ~$230 billion ? ~3.3%
Posted on 8/18/26 at 6:36 am to mauser
quote:
I don't understand what they think they're doing. I remember when the Peso collapsed in Mexico, they issued the New Peso. The old Peso was worth one thousandth of the New Peso.
Yet the value of gold and silver pesos remained the same …. real money versus fiat currency …. hmmm
Posted on 8/18/26 at 6:50 am to theRealJesseD
quote:markets drop 80% , then every boomer with a retirement account shows up in DC with a torches and pitchforks to enact vengeance
Rates skyrocket to unbelievable levels.
Posted on 8/18/26 at 6:52 am to rob0710
I promise you a lot of boomer republicans are %1,000,000 in favor of …
quote:
Programs established under Democratic presidents
Approx. FY2025 spending
Social Security — FDR $1.60T
Medicare — LBJ $1.00T
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