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At this rate, the debt ceiling’s going to need its own space program! Thank you, Mr. T, and to all those before you who let avoidable crises happen, handed out
by starchild3001 1y ago
At this rate, the debt ceiling’s going to need its own space program!
Thank you, Mr. T, and to all those before you who let avoidable crises happen, handed out tax cuts to your richest friends, and slapped it all on the national credit card.
The people of this country will be feeling your “generosity” and recklessness for decades to come.
PS: I'd invite everyone to examine how US Debt/GDP grew unbounded.
The biggest culprits seem to be i) financial crisis and ii) covid. I consider both of them avoidable, man-made. When you have reckless leaders who have no interest in protecting the nation from man-made and natural catastrophies this is what you get. And obviously, you have massive tax cuts added on top, which have been completely uncalled for, given our ginormous debt.
As a follow-up, maybe briefly ask yourself: What additional tail risks are actively being ignored today? Whose job is it to minimize those?
Then think about the wholesale dismantling of the US government (under Doge), eliminating the post-crisis financial regulation, actively contributing to climate change...
- msgodel 1y ago[flagged]
- defrost 1y agoDid you catch the part where Trump repeatedly claimed to reduce the debt once in office and has since done the opposite (despite the smoke and mirrors called DOGE).
- msgodel 1y agoSo you're saying that if we want something we should vote for the opposite?
- mindslight 1y agoWell you certainly shouldn't vote for the con artist with a proven track record of blatantly lying. Especially when he keeps mentioning the subject, salivating at the prospect of having another turn at the trough.
- const_cast 1y agoNo, they're saying you shouldn't vote for the proven insurrectionist and known con artist. You've been conned. I would feel bad, if this wasn't, like, con number 401.
- kccoder 1y agoNo, start considering the source. If a mental patient tells you that a stock is a good investment, do you buy? No, so why listen to a man who lies with every word he speaks? If Kamala had been elected president the debt would've grown, but at a lower rate than under Trump, and her policies would've benefited regular folk, not just gazillionaires. Kamala also isn't in the Epstein files and doesn't have a history of sexual assault, and certainly wouldn't have moved that absolute demon Ghislaine Maxwell to a minimum security club fed because she was willing to provide testimony to deflect from Kamala's crimes (of which there are none). Shall I go on? You chose one of the most incompetent, nonsensical, unethical, greedy, lecherous humans on this planet, who also has an absolute lack of morals or empathy, because he said he'd reduce the deficit / debt? What did you think was going to happen? I hope you take this misstep as an opportunity for self reflection.
- bovinejoni 1y agoHad Kamala instead campaigned on curing cancer and making all Americans billionaires, you would have voted for her instead?
- rsynnott 1y agoWell, _previously_ ol' mini-hands ran on decreasing the deficit, and then massively increased it with tax cuts. In the words of another expert on increasing deficits, "Fool me once shame on you, fool me - You can't get fooled again".
- AnimalMuppet 1y agoOne campaigned on reducing the deficit; one did not. It seems reasonable to expect a smaller deficit from the one who campaigned on that, doesn't it?
- deleted 1y ago[deleted]
- cosmicgadget 1y agoUnless he has a track record of promising things and not delivering. Perhaps even on this specific issue.
- AnimalMuppet 1y agoWoah, all the replies are misreading me in the same way. Yes, Trump seems to lie even more than a normal politician. In that sense, sure, you shouldn't expect that he's going to do anything about the deficit. You knew (or should have known) that when you voted. But what I meant was, because he ran on the issue, we have grounds to judge him for not doing what he said, in a way that we would not have been able to judge Harris had she won.
- getlawgdon 1y agoTrump is a lifelong pathological liar (among other things). There is no meaning in anything he promises. He has no loyalty to anyone or anything but himself. He is a lecherous, repulsive menace.
- hypeatei 1y agoYou're aware that he served a first term where you could've looked at his track record with deficit spending, correct? Before COVID, while the economy was doing good, Trump was still spending government money like crazy. See: https://www.crfb.org/papers/trump-and-biden-national-debt https://www.crfb.org/papers/trump-and-biden-national-debt
- thisisit 1y agoIts been ~8 months in office now. Can we please stop with this whataboutism? Pray do tell what is this guy's plan to reduce the national debt? The BBB seems to be increasing the national debt to unmanageable level.
- asacrowflies 1y ago'As a follow-up, maybe briefly ask yourself: What additional tail risks are actively being ignored today? Whose job is it to minimize those?' Louder for those in the back.. CLIMATE CHANGE
- RickJWagner 1y agoPlease vote next election and every election for politicians that will reduce the debt and deficit. It is important.
- stogot 1y agoWhich ones are those again? Because both parties are doing the opposite
- cosmicgadget 1y agoOne party has done considerably better at reducing the deficit in recent history.
- jeff_carr 1y agoRidiculous claim. Both parties are exactly the same on this issue. It's politics and nothing more. No one has any idea what to do about it. Well, mathematicians do, but nobody listens to us.
- orwin 1y agoI mean, he's kinda right, historically in the US, only one party ever balanced the budget, and left his successor a surplus said successor immediately used to cut taxes on wealth, right before starting the two most expensive wars US has been part of since WW2. That the man who did it was a sex pest and should be in prison is unrelated to his success on that particular policy.
- AndrewDucker 1y agoIf they're the same, then why does the deficit direction look very different for each of them? https://ic.pics.livejournal.com/dbroussa/553166/241096/original.png https://ic.pics.livejournal.com/dbroussa/553166/241096/origi...
- Integrape 1y ago
- gman83 1y agoThe next major "avoidable, man-made" crisis is the slow-motion implosion of the property insurance market due to climate risk. We're already seeing insurers flee entire states like California and Florida. The domino effect is simple: no insurance means no mortgage, and no mortgage means the underlying asset is functionally worthless to anyone but a cash buyer. This isn't just a problem for individual homeowners; it's a systemic threat. Trillions of dollars in real estate collateralizing mortgage-backed securities are sitting in these increasingly uninsurable zones. It's the 2008 playbook, but the risk isn't a bad loan—it's the physical asset itself.
- mensetmanusman 1y agoThis is also due to the manmade real estate crisis, housing should be cheap, not the “main” investment, we should have a normal rebuilding effort like in Japan.
- alexb_ 1y agoLand tax fixes this