Earlier quoted context omitted.
Trump, 1st term, added 24% of GDP worth of debt. That's more or less the same number of Obama and Bush, but they served two terms each. In his second term, he's already added 11% in a record 19 months.
Don't bother, Republicans are the only ones that care about the debt and their ideology makes them incapable of realizing there very choice of candidates is the exact problem
U.S. Debt Hits $40T as America's Borrowing Binge Continues
71–80 of 227 posts
Re: U.S. Debt Hits $40T as America's Borrowing Binge Continues
#72I guess it’s time to elect a couple democrats to curb the deficit while solving the impending social collapse. Unfortunately, I don’t think that will happen this time.
[flagged]
Finance shit just keeps innumerates and those ignorant of physics believing wild end of the universe theories.
For more look up Debt jubilee's; humans wiped the debt of the dead off the books and no black holes opened within the sun, no gods descended from Olympus and slaughtered the children
Fucking mesmerizing how its not just MAGA nutters obsessed with old spoken and written finance traditions; different semantics than religion but same goal of kowtowing the proletariat.
This site helps propagate such paranoias with the tilt it has towards startup funding and yada yada. Smartest engineers I have ever worked with earned PhDs designing experiments for Tevatron and working on NASA satellites. We often had a laugh at how such social hacks dupe so many wannabe smart and educated people.
On the contrary startup genius software engineers are easily duped by social hacks.
Re: U.S. Debt Hits $40T as America's Borrowing Binge Continues
#73Re: U.S. Debt Hits $40T as America's Borrowing Binge Continues
#74Earlier quoted context omitted.
No, I disagree. The reason I bring up project 2025 is because we knew this would happen . The actions this administration is taking are exactly what people who were paying attention said they would do. Why does this matter? Because anyone claiming "this isn't what I voted for" is lying . They weren't tricked, they weren't deceived by his alluring words, they made a choice knowing what the consequences would be. And n…
The issue was that Project 2025 seemed like something conspiracy theorists believed in, I didn't see Trump go on Rogan with a folder called Project 2025 and read through it with him and discuss the real plans outlined in the book. There was basically two competing agendas, one was kept more secretive because they knew it wasn't popular, and then there was the campaign promises, which IMO is what people believed in, a…
And in 2016, I may have been sympathetic to this argument. By the time 2024 had rolled around, we had already endured the trainwreck of his first administration, his failures while handling covid, several dozen other major scandals, oh and that insurrection he attempted on January 6th.
So I have no sympathy for anyone who claims they believed what he promised. None whatsoever.
> There was basically two competing agendas, one was kept more secretive because they knew it wasn't popular, and then there was the campaign promises, which IMO is what people believed in, apparently.
Look, ultimately here is where I disagree: I am not willing to give any of his supporters the benefit of the doubt anymore. I don't believe for a second that they thought he would cut spending or get the debt down or whatever - he didn't even try in his first term, why would his second be different? Pointing at his promises like they believed them is just giving them cover for their own choices.
> The shocking part for me is believing a conman would be telling you the truth this time around, I'd say most people voted to just hurt the other side / own the libs though.
This, we agree on. I personally believe most of his supporters voted for him specifically for the violence and pain he is inflicting on people. That's the only part of his platform that has been consistent, and it's the only part that has been delivered. Ultimately, that is what his voters want and support. They want to hurt their fellow citizens because they hate them. Whether that traces back to decades of Fox News, "economic grievances", whatever, it doesn't matter.
Re: U.S. Debt Hits $40T as America's Borrowing Binge Continues
#75Re: U.S. Debt Hits $40T as America's Borrowing Binge Continues
#76Earlier quoted context omitted.
[flagged]
Trump, 1st term, added 24% of GDP worth of debt. That's more or less the same number of Obama and Bush, but they served two terms each. In his second term, he's already added 11% in a record 19 months.
Re: U.S. Debt Hits $40T as America's Borrowing Binge Continues
#77Re: U.S. Debt Hits $40T as America's Borrowing Binge Continues
#78By the time Trump leaves office, the whole federal government will be completely trashed, up to and including the East Wing of the White House being torn down to a hole in the ground. I've never felt so alienated from the leaders of my industry, from my politicians, and from my fellow citizens. Ya'll should have known better. It is the information age, all ignorance is willful ignorance.
The East Wing argument is such a weird hill to die on. Even Obama era staffers admitted it was embarrassing to welcome foreign dignitaries to a muddy patch of grass rather than a fit for purpose room. It's also majority private sector funded, and numerous admins have made substantial changes to the White House. Bush 2 and Obama made substantial renovations to the White House, as did Clinton. Trump has a massive and g…
See if you can spot the ethical problems and corruption in that. It's there, I promise you. Look hard.
Re: U.S. Debt Hits $40T as America's Borrowing Binge Continues
#79Re: U.S. Debt Hits $40T as America's Borrowing Binge Continues
#80I guess it’s time to elect a couple democrats to curb the deficit while solving the impending social collapse. Unfortunately, I don’t think that will happen this time.
[flagged]
Clinton through 2001 - ended with a 1.2% GDP surplus
Bush through 2009 - ended with a 9.8% GDP deficit
Obama through 2017 - ended with a 3.4% GDP deficit
Trump through 2021 - ended with a 12.3% GDP deficit
Biden through 2025 - ended with a 5.9% GDP deficit
Trump now - running even higher, though final data isn't yet available.
There's a clear pattern available, where one party reliably leaves makes the situation worse, and the other party reliably makes the situation better. The fact that Democrats cannot undo all of the massive damage done by each Republican administration does not mean "both sides" are the same.
If you want third parties to win, they realistically need to start with local elections, so they can gain momentum and take the spot of one of the majors. (also helpful to get rid of FTTP voting in as many elections as possible).
We're seeing great success with local democratic socialists, who keep showing that government can be a force for good, it can be improved, and it can be done without blowing budgets. It's a promising start, and it's clearly threatening Dems and the GOP alike.