> I do know that the United States is heading for a financial apocalypse unless drastic measures are taken now.
The people you get your news from are lying to you, trying to get you to sell out your future to their profit.
The economic issues we’re facing right now were created by the current administration installing heavy taxes on imports while simultaneously creating a nationwide shock with federal spending. This is like declaring that you should save money and doing so by not paying your rent, skipping the doctor, and pushing your car into the sea.
If we rolled back to January 19th, when the economy had been growing steadily and all signs projected that trend to continue, the long-term problems still weren’t catastrophic. The primary problem was that Republicans broke our balanced turn of the century budget when they cut tax rates and started a couple of recreational wars, setting a pattern which has continued where we’re told that we have to give up things the public benefit from because the alternative of rich people paying taxes a few points higher is too miserable to even consider. That debt is a concern, but not as a fraction of the massive American economy – it’s like the difference in medical concern between noticing that you’re gaining 10 pounds a year versus 10 pounds in the last week.
The reason the lying about the crisis has ramped lately is that some of the tax cuts which racked up trillions of additional debt in Trump’s first term expire this year and others in 2028, but the Republicans want to cut taxes even further. It’s mathematically impossible to do that without unpopular cuts to things people like, such as Medicaid or children’s health insurance (CHIP), which is why they’re trying to distract with gross exaggerations of the currently-negative DOGE savings and trying to manufacture this air of impending disaster so people don’t think there’s a choice. While the choice is no longer as easy going back to Biden’s economic growth, it could simply be letting tax rise to the levels we had 20-30 years ago when the economy was thriving.