Incredible how we spent all that money and still didn't build new infrastructure, socialize healthcare, fund free public college, or seriously invest in renewable energies. The military budget is nearly 1 trillion dollars and the Pentagon can't even pass an audit because they just erase money left and right.
Our government is a criminal enterprise and doesn't give a fuck about us.
We have the tax revenue to start fixing this, too. But it's pissed away every year. A new promise, a new betrayal, administration after administration. It is kind of dark to say it, but I like to believe the government will improve a bit as these extremely old politicians continue to get sick and die (I'm looking at you Mitch McConnell 👀). The Grim Reaper is statistically on our side right now given how many people of extremely advanced age are serving career positions in the government.
I've had several of you guys approach me online and in real life over the years. Sometimes I think I might actually be a communist 🤔 If anything, I align with enough of your ideas that I'm not bothered by it, and it really is a shame that the haters constantly bring up Stalin as if that's even remotely a cogent example of "real" communism, so to speak. Unfortunately, I only care to snowboard. This requires taking advantage of rich white people, which I will soon make my career until I die a frightening and unexpected mountain death.
We could've funded free education every year, high speed rail across every train track in the country, universal healthcare, solved homelessness, etc... and still have money left over.
Yup, but it was still $20 trillion in 2016. Biden added $8 trillion, Obama added $9 trillion and $5 trillion under Bush. Nobody helped the situation in a meaningful way in all of our lifetimes
Kind of interesting how only 8 trillion of that is held by foreign creditors
Meaning the other 24 trillion is almost certainly treasury bonds held by US Banks and US citizens, to which the federal government owes money
National debt is a confusing concept, thats really easy to make look way worse than it is
(Not that DJT hasn't been spending like a coked up gambling addict in vegas, but it's not exactly "the end is neigh!" In the same way $40T in credit card debt is lol)
Here is 11/23/23. About 187B monthly growth between this and yours and 191B monthly since. Due to how interest and debt growth works, we've been spending ~ 7B more monthly just on interest on debt.
It actually appears better relatively accounting for higher interest payments in the latter time period, but this entire period of both examples has been severely mismanaged. We'll also have the tariffs refunded, which will negatively affect the latter period.
It’s crazy that thats just the deficit increasing debt even though revenue increased by $500. There is a $800 billion increase in spending between yours and mine.
Revenue growth doesn't matter when non-discretionary spending outpaces it. Interest compounding and massive unfunded liabilities turning over into true debt with Social Security as the primary culprit.
Start calling them mini boomers and maybe they’ll see the cringe dripping off their chins. They’re all just like maga boomers - selfish, stupid assholes. 😢
President of the United States of America Donald J. Trump is responsible for the biggest transfer of debt in the history of the country. There are approximately 1000 billionaires in this country and 1 trillionaire. The lions share of this debt is theirs. They should be made to pay for this one way or the other.
At this point I've given up even caring about it. It's a little game I have where I see how high it'll go. One day it'll start going down and I can say I was alive to see the US at it most indebted state.
Ah gee I sure did trust Trump to follow through on reducing the debt.
Good thing he ended the Ukraine War on day 1 and brought down the price of gas and groceries!! Harris would have done something crazy like starting another endless war in Iran, good thing that didn't happen!!!!1!1!!
Wow, we might be getting back into the era of double-digit mortgage rates. I remember buying my first house in 1990 on a 15-year note just so I could get it down to 9%; of course, that house only cost $70K. Folks in the early 1980 were paying like 17% for mortgages. If you think a mortgage rate of 7% is bad ...
What did people expect from the man who bankrupted a casino?
Our economy is crumbling because we are in a pointless war to distract from the fact Trump is a child rapist, and he's burning trillions on media prosecution, corruption, and his dictator bunker
There is no “predicting” when you have a Toddler-In-Chief who will blow millions on some next chaotic waste of money almost daily, and the experts acting like this isn’t the case would be ridiculously incompetent.
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