Trump loved him but hated Massie. Now we have Lindsey’s sister in the senate. I can’t stand all of this “winning”
U.S. Debt Hits $40 Trillion
- Thread starter dorndawg
- Start date
Exactly.
And just who is it that’s going to buy up all the assets of our richest folks so they can generate the trillions in digicash to retire our national debt?
I think I’d rather Elon keep deploying his assets as he sees fit.
I’ll be dead before the collapse I guess. My kids and grandkids are screwed!
We're a gerontocracy with a mentally unstable 80-year-old who will go down as the president who increased the national debt more than anyone since FDR and he fought WWII. Our national government is like an insurance company with a military and it just redistributes money to various groups with the elderly getting the most. But I've been told that once those fiscal conservatives and deficit hawks find out about our debt, it's been hidden from them, I guess, they're gonna be all over it and put us on the road to fiscal sanity. Hold your breath, that is so gonna happen soon.
Our country is so partisan that Americans have a hard time noticing when their own party doesn't actually govern properly. Sweden, a country with a cradle to grave welfare state, has a debt that's something like 40% of it's GDP. Compare that to us. Maybe we just need another round of tax cuts because it's just a spending problem, right? Anyway, we're not going to do anything until there's a serious crisis and then our government will go into crisis management mode with a few reforms. American voters don't seem to really care, though. The Iran War is unpopular with most of the county but little good that's doing.
Our country is so partisan that Americans have a hard time noticing when their own party doesn't actually govern properly. Sweden, a country with a cradle to grave welfare state, has a debt that's something like 40% of it's GDP. Compare that to us. Maybe we just need another round of tax cuts because it's just a spending problem, right? Anyway, we're not going to do anything until there's a serious crisis and then our government will go into crisis management mode with a few reforms. American voters don't seem to really care, though. The Iran War is unpopular with most of the county but little good that's doing.
It could be eventually fixed and paid off, but the American people wont make it happen.
Well we’d all have to put in something. That said I’m not willing to do it so I don’t blame Elon or any body else. I’m simply saying that’s the answer to the dilemma. We pay the shlt off.
Cutting spending would help but we don’t quite understand how to do that apparently. Or at least the right places to cut.
Again, very similar to NIL.
We whiffed with the Bush/Trump tax cuts. Should have gotten the funds while it was there for the getting. Income / realized gains are far easier to tax than taxing the paper wealth the uber wealthy have. You could try wealth taxes but that's impractical and forces liquidations.
Your generation seems quite fine with that.
Literally no one is ever going to agree on where to cut spending. It’s a lost cause
Gen X? Not fine at all but nobody bothered to ask us.
Quick! Pass another tax cut for billionaires! It’s our only hope!
The people running on balancing the budget are getting killed in elections. As soon as someone cuts a "program" to try to balance the budget you will have the same people in this thread complaining it got cut. No one is serious about balancing the budget and it would be next to impossible unless someone was granted "king" powers for about 4 years. All each side wants to do is attack the other
Everybody just left you home alone
You could literally have a republican put forward a motion to cut spending for something and a democrat would oppose it because a republican put forward the motion and vice versa.
Also, the voter base is too dumb. We have voters that contribute nothing to society like they have skin in the game
I could think of about 80000 to 120000 IRS agents that would look really good out in the fields picking fruit and on the roads laying asphalt. And look at the other 500,000 or so government workers who need to be put out into the private sector. Imagine how much money the government could save by not having to pay those salaries.
People still think there is a left and right. “ Well the dems “ Well the republicans “ . Good God almighty open your eyes.
There aren't even 80,000 total employees at the IRS, much less 80-120k of agents.
And if the entire IRS is eliminated, since there wouldn't be any employees, how the 17 are taxes handled?
People on the right who irrationally hate the IRS(which is law enforcement) and want to eliminate the IRS, are akin to the people in the left who actually mean eliminate police departments when 'defund the police' had its moment a handful of years ago.
One is worse than the other. But there are just too many democrats for it to matter. The future is a shade of blue and people better get comfortable with that
One of the biggest issues is people living longer. Social Security and healthcare are destroying our budget, Around 48 to 53 percent goes to those two. Our healthcare system is one of the worse among high income nations. We basically spend the most to get the worse.
Unfortunately, it’s partly due for the right not delivering. I see more people fed up with both, but guess what? They still vote for same party and people that don’t deliver.
If you took all the money every Billionaire had, you could fund the US Government for 8 days.
That’sa portion of the cost of buying votes. It doesn’t count social security and Medicare costs promises to everyone that are going to be paid by “someone else”.
It would have just meant there were assets to make social security payments in the future. At the time, people still pretended to care about the national debt so it would have put some slight downward pressure on spending.
I don’t understand why people think this is better. If rather it be owned by foreign countries without large militaries. The fact that lots of us citizens are going to find it their pensions or annuities or balanced mutual funds or whatever are worth much less than they’ve been led to believe doesn’t seem like a better result.
This is all correct but one thing.....the SoS and Medicare/Medicaid is closer to 80% of our national budget and is on "auto pilot" as it is referred to by GG on Supertalk almost daily...what that means is they are going to print money without recourse for these programs and nothing is going to change until Congress steps in and changes it....
Bush II wanted to privatize SS and the dems and a lot of Repubs said No Way.....the current calculations would have recipients receiving or have it 3x funded....
Reagan added income taxes to SS, to have those taxes put back into SS specifically, not the general fund, to increase the longevity of SS, and Trump has 17'd that up for short term "wins"
Obamacare has totally F'd our healthcare.....seems like all the folks who said it would make it Unaffordable and eventually lead us down this current path were correct....
It’s better (not saying it’s a good thing) because at least the interest generated rolls back into the domestic economy.
Where'd you get those numbers? I don't think the IRS is the reason we're $40 trillion in debt. And DOGE couldn't find much excessive waste to cut beyond a few billion dollars including some programs we shouldn't have had. Reducing the federal workforce by less than 10% of the federal workforce. Its cuts didn't amount to much and even with them the debt rose dramatically. And now Trump is asking for $1.5 trillion for defense. That's not a serious position to have if you're worried about the debt and deficit.
Has it totally 17ed our healthcare?
Our system as 17ed before it, which is why it exists at all.
The system is 17ed right now, yes.
Just not sure you have correctly identified the single reason for it being 17ed.
It was unaffordable before. Costs were astronomical before. Countless people weren't covered before.
Seems more like we are just 17ed in a different way now. 17ed either way though.
Dismantle the medical monopoly. Mark Cuban understands and is trying to bring about change. The independent doctor and pharmacist is getting killed under our system.
I have basically zero hope we’ll ever seriously move the needle on government spending, but a national conversation and radical change to how we look at and handle healthcare in this country would be a nice start. It is corrupt and stupid and anybody outside the machinery sees that clearly (along with many if not most inside it).
Social security and Medicare are around 36% of the federal budget. Voters didn't want social security privatized so it was dropped. Obamacare didn't work as advertised but isn't the reason for high healthcare prices and shortages of docs in some parts of the country.
Americans by and large want government services and programs and have no clue how much they cost. For instance, foreign aid is a minuscule percentage of the federal government but most Americans think we spend tons of money on it. Most Americans simply don't want to pay sufficient taxes to pay for our government. Dems can't seem to find a welfare program they don't support and Republicans don't think you can spend too much on the military. Everyone seems to think we should spend more on the elderly. There's a reason you're seeing Democratic socialists become somewhat popular in some parts of the country. Countries with less debt to GDP have more social services for citizens than we do including things such a as national heathcare (kinda like Medicare) and paid family leave. We're potentially bankrupting ourselves without those things. (The DSA, though, is full of lunatics.) Millenials and Gen Z get a lot of grief but none of them are responsible for our national debt. Most Americans largely like socialism. Well many hate the word socialism and like the free market, but they like government programs, even those that theoretically hate Big Gubment.
Under Bush II, some of the old deficit hawks realized that debt and deficits didn't matter that much and the economy could add lots of debt and still grow. I think some of our politicians in DC simply have given up on tackling the debt and it wouldn't surprise me if some thought it was hopeless because now it's just so massive. It will take serious changes, spending cuts and tax increases, to begin to reduce it. Few politicians and few Americans want to sacrifice because they typically disagree on what should be cut, they like pointing fingers and they love bumper-sticker ready slogans that attack the other team. So we concentrate on culture war stuff instead (which isn't completely irrelevant).
Since the 1990s, Bill Clinton had the best economy and raising taxes did squat to stop its growth. The debt and deficits were also declining under Clinton.
Just like everything else, private interests screw everyone else over.
We've really seen some interesting changes. Trump claims the dictator of North Korea, an actual Stalinist, is a better friend of the U.S. than the democratically-elected leader of South Korea. Our government also has equity stakes in 31 private companies. These aren't typically things a Republican would do. Meanwhile the debt keeps getting bigger and bigger.
"The milestone comes five months after crossing $39 trillion, with the CBO projecting $63 trillion by 2036"
"The milestone comes five months after crossing $39 trillion, with the CBO projecting $63 trillion by 2036"
US national debt hits $40 trillion milestone for first time ever
The U.S. national debt topped $40 trillion as interest costs now exceed national defense spending and the debt doubled in under 10 years.
www.foxbusiness.com
US national debt hits $40 trillion milestone for first time ever
The U.S. national debt topped $40 trillion as interest costs now exceed national defense spending and the debt doubled in under 10 years.
www.foxbusiness.com
Can’t we just “write it off”? That’s what all the big companies do, they just “write it off.”
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We're putting all the stuff we bought on eBay. That should at least cut the deficit by a third, right?
This is 100% true. Everything that is happening in medicine is happening to make it impossible for doctors to operate independently in private practice. We are all being forced under the umbrellas of hospital employment. These hospitals are all under the control of these mega corporations who care only about their profit and could give 2 craps about actual patient care. Once the doctors are under the thumb of the hospital, we literally have no say so in what happens.
I know it’s easy to hate on doctors, but that’s part of the problem. Insurance companies and hospitals have gladly went along with the image of us being the problem, while all the time cutting our reimbursement and making it harder and harder for us to take care of patients and taking more control for themselves. And it’s only getting worse.
Most doctors I know have given up. They show up, punch in, do what they have to do, and punch out. None are trying to make things better, because they have tried and know it is a complete waste of time.
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