He’s bankrupting the country like he bankrupted all his other businesses.
Guys, it’ll trickle down any second now.
The debt is trickling down. Every dollar you give as taxes goes towards that debt and war machine. Since rich don’t pay taxes all the debt payment is yours.
Even if you don’t pay income taxes; sales tax, property tax, tariff is a payment towards the debt.
Unfortunately, the only part that trickles down is the bankruptcy part.
We were already bankrupt long before he took office.
HOW is this Possible? We ELIMINATED all of my VA Benefits, my Child’s Education and School Lunch, SNAP Benefits, Healthcare and Infrastructure Funding! SURELY that gives us Enough Money for Billionaire Tax Breaks and Wars?
All those programs? A drop in the war bucket. We could have spent MORE on those programs healthcare and infrastructure, kept the tax breaks for billionaires and still have a bigger war bucket than the next few countries on the list.
I was going to make some joke, but instead I’m just going to talk about being heartbroken.
Because if, by some miracle, we get more anti-establishment elected officials in 2028, their policies would most assuredly destroy the country. Not because those policies are bad, but because the safety nets that would have absorbed the market shock were destroyed by this administration.
better now then the future, just like they would have been better even earlier, but thems the breaks
Billionaires took all the money. I suppose that’s why they’re billionaires.
This is intentional. Crash the economy, then use that as an excuse to shutter every social program and public good. In ride the corporations on their white horse to offer us those same services, for a price. Can’t afford the new prices for using the highway, fire protection, your kid’s school? No problem, just sign here and your great-grandkids will still be down your debt.
This is also when they buy everything for minimal prices, increasing their own equity!
This is the little asterisk next to “republicans was small government*”
*cut the government agencies who exist to work within a budget and replace them with private companies who exist solely to generate profit…that they use to pay us.
I love how doge cut funding to sooooo many things and yet the debt is higher than ever. They cut USAID. they kicked people off welfare. They cut people off Medicaid etc. and yet the debt is higher than ever. Fuck you dumpy and co
Doge delayed my dad’s cancer screening from being processed and he died.
He was in the emergency room in early stage four when they called him to say they finally looked at the scans. If he’d received treatment when the cancer was first detected he would have had a pretty good shot at survival.
I’m sorry :( They have a lot of blood on their hands. the entire regime :/
I’m so sorry to hear this.
doge was designed to remove all investigations to musk,+ allow russia to access database and security right after.
The house we bought is more than 3x our annual income, and our budget works ok so I don’t think the absolute size of it is the problem, the problem is more that it’s not being paid off, and that the money spent went into the pockets of the super-rich, and into bombs and all sorts of other counter-productive purchases.
The debt is high as balls of course, but really there is no specific significance to reaching the level of the GDP of one year. You could just as well say it has reached 400% of the quarterly GDP or 33% of the three year GDP.
Personally I’m more worried about concrete numbers like the cost of servicing the debt yearly. That has reached 17% of your yearly budget by now.
A metric a lot of things experts tend to rely on is the debt-to-GDP ratio. The idea being that you can have an insane debt, but if your economic output is also insane, you’ll be able to pay it off easier than a lesser economy. The US’ is currently at 120%-ish as of earlier this year. Notable examples to pull from seem to be Greece, and how they defaulted from their debt spiral after failing a repayment (ratio: 180%), and Japan, which I believe currently holds the largest Debt-to-GDP ratio (238%-ish).
Edit: interjecting my thoughts that nobody asked for, is that debt seems like a weird unknown in the economic media I see. Like, growing a significant debt is bad, but it oftentimes is used on infrastructure that you can’t just un-build, like what you can with a debt. When a country that did so defaults, I know there’s studies into it, but it almost seems terribly underreported on. So much so that I can’t say I’d know how things will unfold, especially with an economy of the US’ importance.
Edit: also yeah, I’m saying the included image/article/whatever in the post is wrong. We surpassed that in 2013.
You can have insane debt. But if your economic output is also insane, you are insane.
NEVER let Republicans pretend to care about “fiscal responsibility” ever again.
NEVER argue or give Republicans any benefit of the doubt ever again. If someone says they’re Republican you should immediately shut them out of your life.
I can’t tell if your joking. The average Republican is pretty much the same as the average Democrat. I believe shifting blame onto a stereotype of the other party is some sort of Freudian transferance.
I disagree, the average Democrat at least pretends to care, the average Republican would happily put the boot to your neck if you’re an out group.
It’s the difference between a covert narcissism that has so effectively camouflaged itself that one might not even be conscious of their own condition vs. an overt form that has become so effectively accepted into one’s psyche that whatever innate personality that may have been there before succumbing will have ended up so minimized or sidelined that it may never be able to exert any effect on one’s words/actions/ideas ever again, and the result is the more uniform/typical set of behaviors/actions, thought patterns/perspectives, and/or language that they employ to describe their experiences/beliefs.
Similar in the narcissism aspect but very different manifestations (My current interpretation)
They are absolutely not, you are either extremely dumb or have been living under a rock your whole life. It’s not even a “recent time should have made you realise it”, right wing politics have been objectively bad for way longer than anyone alive at the moment (I admit that I don’t know the full history of the left/right political climate, so I’m not gonna say that what the general idea of right wing politics is has always been bad, I realised I need to learn more about it and will do so).
It’s literally right wing “we want to control people and hate anyone who is different” vs left wing “we just want everyone, independent on their gender, skin color, where they’re from, economical status etc. to be ok”. Current American Republicans vs Democrats is not even close to a good scale of “right vs left” and it’s not even a good scale and representation of historical American Republicans vs Democrats, it’s all so fucked.
They absolutely are, you are extremely silly
Look at results of their leadership over decades, don’t listen to what they claim.
Democrats say they are the labor party… yet labor continues to collapse under their leadership for decades.
Republicans say they are for smaller government… yet the government continues to bloat under their leadership for decades.
When the RESULTS are the same, they are effectively the same, in spite of your bloviating. Results prove they are bOtH anti-labor and rapidly expansive government.
The Democrats are right-wing. They’re the party of “nothing will fundamentally change”. They don’t care about whether or not you’re okay, unless you’re part of the 1%.
This is what people said in 1992. And in 2008. Guess what happened
If only The FED would print more money and fix everything! Please save us, Fed, from the money
p.s. the fed are all bankers who work for private banking, before and after their fed “term”.
Where are all these stickers at the gas pumps now that donny the diddler fucked things up?
Also worth noting just how “big brained” he is…if I’m not mistaken this picture is from when we were having a solar eclipse and he looked straight into the sun.
And a big shout-out to the big brains who voted third-party or chose not to vote Kamala for ‘lol reasons’. You did that, too, take a bow!
Username is accurate.
Not really. Debt to GDP was alredy over 100% when he took office. He did make it worse but it’s not like it wasn’t fault of every president since multiple decades
These are rookie numbers, we need to pump those numbers
he bankrupted multiple casinos, why not multiple countries?
Why not the same country multiple times?
He has stated recently that the “global economy is just a big casino”.
Considering his history with those, I interpreted that as a threat.
The casinos were just to launder money. They didn’t need to be profitable.
Its trumps debt. Every cent of it should come from his accounts
Every cent should come from his voters and donor’s accounts.
The debt is intentionally created. It is all fake. When you tax the rich, you can easily pay all of the debt. Actually, if you want to pay the debt, you can do it right away, because all debt is in us dollars. You can print it. No problem. The problem is, we are believing all these stupid lies about economy. The debt is taken from a citizen already, most of it is taken from the rich, tax them and that is it, all the debt is paid!
You can’t print more money to pay off debt.
If only there were some helpful historical examples of printing more money to pay off debt and seeing how that might play out
As long as MAGA continues to run the USA, the failure(s) will grow exponentially.
