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You can't just spend your troubles away forever. It might temporarily alleviate things, but long term it will collapse the entire system. At some point there ne

by umvi 2y ago

You can't just spend your troubles away forever. It might temporarily alleviate things, but long term it will collapse the entire system. At some point there need to be painful austerity measures - budget cuts, increased taxes, and the like. It's unpopular to do painful things, but it's necessary for survival.

tinyplanets 2y ago
But you also can't just cut taxes forever. The tax cuts being proposed by the current Republican budget are projected to add even more to the deficit.
- umvi 2y ago
  I don't disagree with you - I'm in favor of both slashing spending and increasing taxes. It seems as though republicans like to decrease both spending and taxes while democrats like to increase both spending and taxes. Both strategies are not helpful when it comes to national debt. Perhaps when democrats come to power again they will be wise and raise taxes without restoring all the spending/programs Trump cut.
ImPostingOnHN 2y ago
You can't just cut your troubles away: Poor educational system; low education; high income inequality; low real income growth rate; high rates of drug addition; low social mobility; housing shortages; poor public transit; decreased access to healthy food; private equity buying everything and jacking up the prices; etc. In fact, most solutions to troubles require spending time and/or money. Very few are resolved by "do less, and do it worse". > At some point there need to be painful austerity measures - budget cuts, increased taxes, and the like. Perhaps: america can start with increasing taxes on the rich, instead of decreasing taxes on the rich and increasing taxes on the non-rich. That should get america more money and hurt fewer people.
mattfca 2y ago
you have a fundamental misunderstanding of govermental debt and the US.the US CAN 100%, its not a guess its a fact, spend away their troubles forever. learn how the global economy is, understand what fiat is, find out what your missing. (first hint, money is a construct - and follow the tbills) you know what does make the US have to do "painful austerity measures - budget cuts, increased taxes, and the like. It's unpopular to do painful things, but it's necessary for survival" ?? Watch everything the current administration does because they dont understand modern economics and you'll see.
- 7speter 2y ago
  Yes, the US can spend away their troubles, as long as it maintains treaties it signed on to, can, at least, to some degree, demonstrate some maintenance of its debt, and doesn’t alienate its trade parters, much less the whole world. If you think I’m just being a partisan, take a look at the US Bond market for the last two weeks.
spwa4 2y ago
Trump is looking to increase spending. Musk's future is dependent on increasing spending. Where do you get the idea they're cutting the budget? They're cutting normal people ...

by umvi 2y ago

tinyplanets 2y ago

But you also can't just cut taxes forever. The tax cuts being proposed by the current Republican budget are projected to add even more to the deficit.

umvi 2y ago
I don't disagree with you - I'm in favor of both slashing spending and increasing taxes. It seems as though republicans like to decrease both spending and taxes while democrats like to increase both spending and taxes. Both strategies are not helpful when it comes to national debt. Perhaps when democrats come to power again they will be wise and raise taxes without restoring all the spending/programs Trump cut.

ImPostingOnHN 2y ago

You can't just cut your troubles away: Poor educational system; low education; high income inequality; low real income growth rate; high rates of drug addition; low social mobility; housing shortages; poor public transit; decreased access to healthy food; private equity buying everything and jacking up the prices; etc. In fact, most solutions to troubles require spending time and/or money. Very few are resolved by "do less, and do it worse". > At some point there need to be painful austerity measures - budget cuts, increased taxes, and the like. Perhaps: america can start with increasing taxes on the rich, instead of decreasing taxes on the rich and increasing taxes on the non-rich. That should get america more money and hurt fewer people.

mattfca 2y ago

you have a fundamental misunderstanding of govermental debt and the US.the US CAN 100%, its not a guess its a fact, spend away their troubles forever. learn how the global economy is, understand what fiat is, find out what your missing. (first hint, money is a construct - and follow the tbills) you know what does make the US have to do "painful austerity measures - budget cuts, increased taxes, and the like. It's unpopular to do painful things, but it's necessary for survival" ?? Watch everything the current administration does because they dont understand modern economics and you'll see.

7speter 2y ago
Yes, the US can spend away their troubles, as long as it maintains treaties it signed on to, can, at least, to some degree, demonstrate some maintenance of its debt, and doesn’t alienate its trade parters, much less the whole world. If you think I’m just being a partisan, take a look at the US Bond market for the last two weeks.

spwa4 2y ago

Trump is looking to increase spending. Musk's future is dependent on increasing spending. Where do you get the idea they're cutting the budget? They're cutting normal people ...