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Here's the uncomfortable fact: If the US Federal Government spent ZERO money on anything except: 1. Social Security 2. Medicare & Medicaid 3. National Defen
by djoldman 1y ago
Here's the uncomfortable fact:
If the US Federal Government spent ZERO money on anything except:
1. Social Security
2. Medicare & Medicaid
3. National Defense
4. Net Interest on the Public Debt
5. Income Security
6. Veterans Benefits & Services
7. Federal Civilian & Military Retirement and Disability
... the US would still have a sizable deficit.
All the hoopla surrounding science spending, education, DEI, FDA, housing, foreign aid, disaster relief, etc., doesn't really address some huge issues if the goal is to reduce deficit spending.
- JumpCrisscross 1y ago> if the goal is to reduce deficit spending Red herring. It’s not. It’s never been. We’re blowing out the deficit by trillions. The motivation isn’t anything about the deficit. It’s that NOAA counters the climate narrative a narrow band of idiots would prefer to believe.
- declan_roberts 1y agoDebt servicing is now more than 16% of our spending and growing. I hope all that stuff we bought with $36T was worth it!
- JumpCrisscross 1y ago> hope all that stuff we bought with $36T was worth it No need for past tense. We’re currently in the most intense—the biggest, most beautiful, one might say—phase of deficit accumulation in American history.
- declan_roberts 1y agoThankfully we're getting all this cool stuff. You know like... actually what are we getting?
- tomrod 1y agoMore debt!
- cco 1y agoA sizeable chunk, probably around half, of what we bought with that $36T was net worth for people like Bezos and the Kochs.
- watwut 1y agoThey are making the deficit much larger. So, can we stop parroting these bad faith "debt worry" arguments?
- vjvjvjvjghv 1y agoThey will worry about the deficits again once democrats are in power.