6 ms·

I 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 th

by rbanffy 2mo ago

I 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.

DoesntMatter22 2mo ago
[flagged]
- epolanski 2mo ago
  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.
  - voxl 2mo ago
    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
    - deleted 2mo ago
      [deleted]
  - deleted 2mo ago
    [deleted]
  - DoesntMatter22 2mo ago
    What's the difference? Everyone involved has been completely reckless with the debt. You think a democrat will somehow stop spending? Both parties are super happy to drive the car off the cliff
    - donohoe 2mo ago
      They just told you what the difference is.
      - DoesntMatter22 2mo ago
        There is no practical difference. Both parties are glad to drive the car off a cliff
        rbanffy 2mo ago
        The big difference is that, at the current rate, economic collapse of the US will happen in my lifetime, and I’m almost 60. I wasn’t looking forward to that kind of planetary upheaval for my retirement.
        JKCalhoun 2mo ago
        My wife worries about surviving the next Great Depression. "Do we have enough cash?", "Should I put off retirement?", etc. I've tried to tell her that we're all going down. Workers will be laid off, markets will crash, real estate will collapse, money will inflate… Best look instead for ways to try and enjoy life regardless.
    - epolanski 2mo ago
      The difference is that this administration is running at double the rate of the previous ones, and George Bush oversaw both two wars and the global financial crisis in 2007. Your argument "since you're already over the speed limit, 200 or 300 miles per hour don't matter". Sounds asinine. In any case I didn't say anything about democrats, but for sure, this administration with large tax cuts and increased spending is speeding US into very dangerous territory.
      - DoesntMatter22 2mo ago
        Well all the other administrations were driving 200 or 300 miles over, now we are driving 500 over. It doesn't matter really, if we hit anything (like Japan dumping US treasuries) we may be dead. The democrats thing was what I had originally replied to. My whole point is that it really doesn't matter who is in the White House really, both sides seem determined to rack up as much debt as possible and it'll probably spiral out of control. Neither side wants to cut costs (not really), in fact many want to spend more.
        epolanski 2mo ago
        This is true globally, not just in the US, and that's why global debt keeps spiralling. But I still find the argument "it doesn't matter if you're going 200 or 300 or 500 mph" completely asinine. It does, and it makes an enormous difference when the debt is so big in absolute terms. You keep forcing an equality that's not there. At the end of the day it's one specific administration that brought the largest tax cuts in history since 1981's Reagan (another republican) ones while increasing spending.
        rbanffy 2mo ago
        > and that's why global debt keeps spiralling. Yes, but if the dollar collapses and is replaced by a new reserve currency while other countries have debts in dollars, they win and the US loses. Only the US loses, keep in mind. It’ll be the first time the US experiences that side of the stick.
    - cosmicgadget 2mo ago
      Well, the last president to steer the car away from the cliff came from one party, the other is currently mashing the accelerator toward it. And that is without considering things like invading Iraq and Afghanistan, creating the global financial crisis, or turning on the money printer at the start of covid. If you look at this information and say, "no difference" I don't think anyone here can help you.
      - DoesntMatter22 2mo ago
        Almost all of Bill Clinton's policies were to the RIGHT of Trump, so I'm not sure what you are saying exactly. Biden created the most debt in 1 term of any president ever. You can't really compare one party from 27 years ago to today realistically.
        cosmicgadget 2mo ago
        I agree the comparison fades the farther back you go, though there are plenty of policymakers around today and in the Clinton days. I can't do much with something as hamfisted as "Clinton was actually right of Trump" other than to say that parties, not ideologies, are what was brought up in the parent comment. It is dishonest to talk about Biden's four year deficit without acknowledging the 2020/2021 deficit and monetary policy. See also Obama inheriting the gfc and whatever is going to happen in 2029.
- deleted 2mo ago
  [deleted]
deleted 2mo ago
[deleted]
copper-float 2mo ago
[flagged]
- cyanydeez 2mo ago
  the history has demonstrated these are Republican problems. Democrats are shit for other things, but not for fisical stupidity like cutting taxes and rasing spending.
  - Georgelemental 2mo ago
    [flagged]
    - seanmcdirmid 2mo ago
      No, republicans have always raised spending more than democrats. They just have no impulse control, and only worry about the budget when a Democrat is in charge.
      - copper-float 2mo ago
        [flagged]
        thunderfork 2mo ago
        this is a fact you can look up
    - deleted 2mo ago
      [deleted]
  - nomel 2mo ago
    Why does nobody post references anymore!? These are simple facts that nobody should be arguing about. https://www.investopedia.com/democrats-vs-republicans-who-had-more-national-debt-8738104 https://www.investopedia.com/democrats-vs-republicans-who-ha... > Republican presidents added about $1.4 trillion per four-year term, compared to $1.2 trillion added by Democrats since 1913. > Democratic presidents have added a total of $18 trillion to the national debt since 1913 (adjusted for inflation), while Republicans have added $17.3 trillion So everyone downvoting and flagging people saying it's a problem with both parties should be ashamed. Tribalism is stupid.
newfriend 2mo ago
[flagged]
- codeTired 2mo ago
  So, I am assuming you are native?
  - indoorfish 2mo ago
    I think they are commenting on the OP being in Ireland
- deleted 2mo ago
  [deleted]
bigstrat2003 2mo ago
[flagged]
- fragmede 2mo ago
  I mean, there's fiscally responsible but the welfare department is never gonna make money at the end of the day spending is a political football. Trump's ICE got $10 billion, because what? So now in addition to DEA we have ICE and the TSA, and well, we can't un spend that money and shut them down so, well, shit.
  - pstuart 2mo ago
    ICE got $75 billion, with $45 billion of that allocated for concentration camps. And somebody's got to build those camps and supply them, and their CEOs are all buddies with Trump.
  - rbanffy 2mo ago
    > the welfare department is never gonna make money No, but taxes make money and if you just stop spending on things like ICE and their concentration camps or overpriced and ineffective military action and equipment, you’ll see there is a lot of money left for giving everyone healthcare and a college education. As an engineer, things like the F-35 are beautiful, and I want them to be developed - but war is changing fast and what was effective a generation ago is now vulnerable to cheap drones.
- b1gTekken 2mo ago
  Financially ledger is just a social construct; the IOUs of the past are never paid off as they never mattered. 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.

by rbanffy 2mo ago

I 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.

DoesntMatter22 2mo ago

[flagged]

epolanski 2mo ago
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.
- voxl 2mo ago
  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
  - deleted 2mo ago
    [deleted]
- deleted 2mo ago
  [deleted]
- DoesntMatter22 2mo ago
  What's the difference? Everyone involved has been completely reckless with the debt. You think a democrat will somehow stop spending? Both parties are super happy to drive the car off the cliff
  - donohoe 2mo ago
    They just told you what the difference is.
    - DoesntMatter22 2mo ago
      There is no practical difference. Both parties are glad to drive the car off a cliff
      - rbanffy 2mo ago
        The big difference is that, at the current rate, economic collapse of the US will happen in my lifetime, and I’m almost 60. I wasn’t looking forward to that kind of planetary upheaval for my retirement.
        JKCalhoun 2mo ago
        My wife worries about surviving the next Great Depression. "Do we have enough cash?", "Should I put off retirement?", etc. I've tried to tell her that we're all going down. Workers will be laid off, markets will crash, real estate will collapse, money will inflate… Best look instead for ways to try and enjoy life regardless.
  - epolanski 2mo ago
    The difference is that this administration is running at double the rate of the previous ones, and George Bush oversaw both two wars and the global financial crisis in 2007. Your argument "since you're already over the speed limit, 200 or 300 miles per hour don't matter". Sounds asinine. In any case I didn't say anything about democrats, but for sure, this administration with large tax cuts and increased spending is speeding US into very dangerous territory.
    - DoesntMatter22 2mo ago
      Well all the other administrations were driving 200 or 300 miles over, now we are driving 500 over. It doesn't matter really, if we hit anything (like Japan dumping US treasuries) we may be dead. The democrats thing was what I had originally replied to. My whole point is that it really doesn't matter who is in the White House really, both sides seem determined to rack up as much debt as possible and it'll probably spiral out of control. Neither side wants to cut costs (not really), in fact many want to spend more.
      - epolanski 2mo ago
        This is true globally, not just in the US, and that's why global debt keeps spiralling. But I still find the argument "it doesn't matter if you're going 200 or 300 or 500 mph" completely asinine. It does, and it makes an enormous difference when the debt is so big in absolute terms. You keep forcing an equality that's not there. At the end of the day it's one specific administration that brought the largest tax cuts in history since 1981's Reagan (another republican) ones while increasing spending.
        rbanffy 2mo ago
        > and that's why global debt keeps spiralling. Yes, but if the dollar collapses and is replaced by a new reserve currency while other countries have debts in dollars, they win and the US loses. Only the US loses, keep in mind. It’ll be the first time the US experiences that side of the stick.
  - cosmicgadget 2mo ago
    Well, the last president to steer the car away from the cliff came from one party, the other is currently mashing the accelerator toward it. And that is without considering things like invading Iraq and Afghanistan, creating the global financial crisis, or turning on the money printer at the start of covid. If you look at this information and say, "no difference" I don't think anyone here can help you.
    - DoesntMatter22 2mo ago
      Almost all of Bill Clinton's policies were to the RIGHT of Trump, so I'm not sure what you are saying exactly. Biden created the most debt in 1 term of any president ever. You can't really compare one party from 27 years ago to today realistically.
      - cosmicgadget 2mo ago
        I agree the comparison fades the farther back you go, though there are plenty of policymakers around today and in the Clinton days. I can't do much with something as hamfisted as "Clinton was actually right of Trump" other than to say that parties, not ideologies, are what was brought up in the parent comment. It is dishonest to talk about Biden's four year deficit without acknowledging the 2020/2021 deficit and monetary policy. See also Obama inheriting the gfc and whatever is going to happen in 2029.
deleted 2mo ago
[deleted]

deleted 2mo ago

[deleted]

copper-float 2mo ago

[flagged]

cyanydeez 2mo ago
the history has demonstrated these are Republican problems. Democrats are shit for other things, but not for fisical stupidity like cutting taxes and rasing spending.
- Georgelemental 2mo ago
  [flagged]
  - seanmcdirmid 2mo ago
    No, republicans have always raised spending more than democrats. They just have no impulse control, and only worry about the budget when a Democrat is in charge.
    - copper-float 2mo ago
      [flagged]
      - thunderfork 2mo ago
        this is a fact you can look up
  - deleted 2mo ago
    [deleted]
- nomel 2mo ago
  Why does nobody post references anymore!? These are simple facts that nobody should be arguing about. https://www.investopedia.com/democrats-vs-republicans-who-had-more-national-debt-8738104 https://www.investopedia.com/democrats-vs-republicans-who-ha... > Republican presidents added about $1.4 trillion per four-year term, compared to $1.2 trillion added by Democrats since 1913. > Democratic presidents have added a total of $18 trillion to the national debt since 1913 (adjusted for inflation), while Republicans have added $17.3 trillion So everyone downvoting and flagging people saying it's a problem with both parties should be ashamed. Tribalism is stupid.

newfriend 2mo ago

[flagged]

codeTired 2mo ago
So, I am assuming you are native?
- indoorfish 2mo ago
  I think they are commenting on the OP being in Ireland
deleted 2mo ago
[deleted]

bigstrat2003 2mo ago

[flagged]

fragmede 2mo ago
I mean, there's fiscally responsible but the welfare department is never gonna make money at the end of the day spending is a political football. Trump's ICE got $10 billion, because what? So now in addition to DEA we have ICE and the TSA, and well, we can't un spend that money and shut them down so, well, shit.
- pstuart 2mo ago
  ICE got $75 billion, with $45 billion of that allocated for concentration camps. And somebody's got to build those camps and supply them, and their CEOs are all buddies with Trump.
- rbanffy 2mo ago
  > the welfare department is never gonna make money No, but taxes make money and if you just stop spending on things like ICE and their concentration camps or overpriced and ineffective military action and equipment, you’ll see there is a lot of money left for giving everyone healthcare and a college education. As an engineer, things like the F-35 are beautiful, and I want them to be developed - but war is changing fast and what was effective a generation ago is now vulnerable to cheap drones.
b1gTekken 2mo ago
Financially ledger is just a social construct; the IOUs of the past are never paid off as they never mattered. 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.