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Created as an evolution of White People Twitter and other tweet-capture subreddits.
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I was going to make some joke, but instead I’m just going to talk about being heartbroken.
Because if, by some miracle, we get more anti-establishment elected officials in 2028, their policies would most assuredly destroy the country. Not because those policies are bad, but because the safety nets that would have absorbed the market shock were destroyed by this administration.
If only The FED would print more money and fix everything! Please save us, Fed, from the money
p.s. the fed are all bankers who work for private banking, before and after their fed "term".
The house we bought is more than 3x our annual income, and our budget works ok so I don't think the absolute size of it is the problem, the problem is more that it's not being paid off, and that the money spent went into the pockets of the super-rich, and into bombs and all sorts of other counter-productive purchases.
Billionaires took all the money. I suppose that's why they're billionaires.
He's bankrupting the country like he bankrupted all his other businesses.
Guys, it'll trickle down any second now.
This is intentional. Crash the economy, then use that as an excuse to shutter every social program and public good. In ride the corporations on their white horse to offer us those same services, for a price. Can't afford the new prices for using the highway, fire protection, your kid's school? No problem, just sign here and your great-grandkids will still be down your debt.
This is also when they buy everything for minimal prices, increasing their own equity!
This is the little asterisk next to "republicans was small government*"
*cut the government agencies who exist to work within a budget and replace them with private companies who exist solely to generate profit...that they use to pay us.
HOW is this Possible? We ELIMINATED all of my VA Benefits, my Child's Education and School Lunch, SNAP Benefits, Healthcare and Infrastructure Funding! SURELY that gives us Enough Money for Billionaire Tax Breaks and Wars?
The debt is high as balls of course, but really there is no specific significance to reaching the level of the GDP of one year. You could just as well say it has reached 400% of the quarterly GDP or 33% of the three year GDP.
Personally I'm more worried about concrete numbers like the cost of servicing the debt yearly. That has reached 17% of your yearly budget by now.
A metric a lot of things experts tend to rely on is the debt-to-GDP ratio. The idea being that you can have an insane debt, but if your economic output is also insane, you'll be able to pay it off easier than a lesser economy. The US' is currently at 120%-ish as of earlier this year. Notable examples to pull from seem to be Greece, and how they defaulted from their debt spiral after failing a repayment (ratio: 180%), and Japan, which I believe currently holds the largest Debt-to-GDP ratio (238%-ish).
Edit: interjecting my thoughts that nobody asked for, is that debt seems like a weird unknown in the economic media I see. Like, growing a significant debt is bad, but it oftentimes is used on infrastructure that you can't just un-build, like what you can with a debt. When a country that did so defaults, I know there's studies into it, but it almost seems terribly underreported on. So much so that I can't say I'd know how things will unfold, especially with an economy of the US' importance.
Edit: also yeah, I'm saying the included image/article/whatever is wrong. We surpassed that in 2013.
You can have insane debt. But if your economic output is also insane, you are insane.
How did Biden let this happen?
Thanks Obama.
If only Bill could have focused on something other than blowjobs.
Technically correct. We hit 100% debt/GDP ratio in 2012. This headline is intended to manipulate you into thinking something that happened over a decade ago just happened.
We actually crossed 125% under Trump in 2020.
I love how doge cut funding to sooooo many things and yet the debt is higher than ever. They cut USAID. they kicked people off welfare. They cut people off Medicaid etc. and yet the debt is higher than ever. Fuck you dumpy and co
Doge delayed my dad's cancer screening from being processed and he died.
He was in the emergency room in early stage four when they called him to say they finally looked at the scans. If he'd received treatment when the cancer was first detected he would have had a pretty good shot at survival.
I'm sorry :( They have a lot of blood on their hands. the entire regime :/
doge was designed to remove all investigations to musk,+ allow russia to access database and security right after.
Its trumps debt. Every cent of it should come from his accounts
Every cent should come from his voters and donor's accounts.
