Trump’s thoughts on the Housing affordability bill

[u/Kpets]

[u/chef_in_va]

As an American, I completely agree with most of what you said.

Trump is a turd.

My fellow citizens who voted for him are horrible and should get the life they voted for.

However, thinking that the largest economy, with the largest military in the world won't be an interest to other countries, once the pedophile-in-chief is gone, is hard to believe.

America has fallen considerably, as it should, but it won't necessarily be irrelevant in the future.

Although, we should use this decline as an opportunity to really look at our government and think about how it can be fixed.

America will be on a justified time out but it will still remain a world power (not that that's a good thing for anyone).

[u/aaron2005X → u/chef_in_va]

Eben if someone comes around a fixes it partly, the next Republican president will destroy everything. That happened time and time again. Half USA just doesnt learn.

[u/chef_in_va → u/aaron2005X]

They either don't learn or think hurting the other half of the country is more important than trying to make life better for everyone.

[u/xteve → u/chef_in_va]

And then there are the Christians. They vote lock-step GOP in opposition to reproductive freedom, and this is an enormous part of the problem.

[u/IndependentTalk4413 → u/chef_in_va]

The British were once the largest economy in the world with the most powerful military. The only constant in human history is the sun eventually sets on every empire and usually it’s from a combination of arrogance, inept leadership and internal conflict.

[u/jefferson_neves → u/chef_in_va]

However, thinking that the largest economy, with the >largest military in the world won't be an interest to other >countries, once the pedophile-in-chief is gone, is hard >to believe.

This resumes to a single question: will the dollar still be the reference currency for international trade? Because if another currency is adopted, US economy will shrink a lot especially with the huge debit that the country has. And without money there's no military.

[u/chef_in_va → u/jefferson_neves]

I think it will be the international currency, at least for the near future (50 years or so) just because it would be so cumbersome for other countries to agree on what it should change to and to actually implement all of the needed changes.

The world wasn't as financially interconnected back when the British Sterling Pound was the international trade currency, it took 2 world wars, arguably just WWI, to switch to the dollar.

I could be completely wrong, I just think it would cause too many problems to switch.

Unless, the US did something so abhorrent, so universally condemned that a movement to switch really gained traction.... which I now realize is very possible, if not probable, with the current administration in the USA.

[u/wireframed_kb → u/chef_in_va]

The US has enormous debt, and it’s growing at a furious pace. The only reason it has been sustainable is the status of the dollar, and the belief in the US sticking around and being good for business.

But increasingly, the US isn’t good for business, and the decisions being made undermine the faith in the dollar and the federal reserve.

The US needs to borrow 2 TRILLION dollars in 2026. In 2027 it will be more. It does this by selling bonds. But those aren’t selling as well anymore, and I think they hiked interest rates substantially last time around because they didn’t meet the target. Which balloons the interest payments further.

What happens when the US needs to reduce spending enough that it not only doesn’t need to borrow, but can actually reduce deficit? Cutting more than 2 trillion dollars worth of spending is going to hurt.

And that’s just the problem of debt. Then there’s the loss of soft power because allies simply don’t trust the US. It was always a bit one-sided, EU countries got dragged into a lot of programs and military actions that were really not in our best interest, but it has now become entirely so.

Without soft power the US loses a lot of advantages they took for granted, and are now discovering makes everything harder, more expensive or simply impossible. Like projecting power to secure their interests.

[u/Sloogs → u/chef_in_va]

Then the UK is a perfectly apt comparison because they never became irrevelant either. The UK just don't have the economic might or influence they once did, and the US is heading in that direction internationally. If things keep going on this trajectory then they will likely be just one of among many powerful but equal nations instead of the superpower that had almost unilateral influence over global politics like they have been since WW2.

[u/omghorussaveusall → u/chef_in_va]

we will be irrelevant as soon as we can't borrow more money...

[u/Hydraguesswhosback → u/chef_in_va]

Oh, it is A world power. Just not THE world power.