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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
by 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.
- DoesntMatter22 2mo agoIf the US suffers severely the rest of the world will collapse. There's no scenario in which that doesn't happen. Everything is interdepedant and many non US countries (like Europe, Japan, China) depend heavily on the US.
- DoesntMatter22 2mo agoThe point is is that it just doesn’t matter anymore. Neither party is going to stop it. No matter who is in power It’s going to end badly.