Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
Why does this keep coming up like it just happened?
We hit a 100% debt/GDP ratio in 2012.
We hit 125% in 2020 during COVID.
it is designed by gop to assign blame to the next DEM(totally complicit as far as DInos goes) administration like they always do,.
did you notice the current shutdown has never hit the airwaves at all, the MSMs realizes the last on scared even the republican voters, so they dint report this one at all. anything to avoid the epstein files.
You can set your watch by this scheme they play.
Failed country.
Ah, yes, the party of fiscal responsibility hard at work!
Where are all those fiscal conservative deficit hawks I keep hearing about?
Except this time we dont have jack shit to export?
Why do you think a war was started for no reason
95% of domestic manufacturing that remains is military shit. Can’t have China do the injection molding and machining for your top secret bombs meant to do genocide
Untrue, you're still exporting MAGA variety conservatism and apparently there's demand for it, because there are plenty of people importing.
And bombs, I hear you've exported some to Iran.
Don’t forget pedophilia and rape.
that’s an import
It’s so hilarious and absurd that the GOP beats their chest so hard about being “the party of fiscal responsibility” - but only when they’re the opposition party.
Fiscal is the name of the 9 year old they pass around at the RNC convention.
But not as absurd as a significant portion of the country believing it.
It’s propaganda, working as designed.
Oh, absolutely. But I’ll be honest: at this point, it just doesn’t surprise me anymore, and the general baseline idiocy, incuriosity, myopicism, and greed of the culture here are pretty big factors in why I have come to feel so alienated despite being born here, and why I’m thinking about emigrating a lot more seriously.
I genuinely struggle to control my snark when people start talking about how we’re going to “recover” from this. “This” is a symptom, not the root cause. As far as I can see, the entirety of our political machine is hell bent on ignoring the root cause, because the root cause is too profitable - for now.
GOP is the party of bullshit
What’s more absurd is the number of people who are gullible enough to believe them.
Not just gullible enough to believe them but gullible enough to believe them over and over and over despite every past example proving otherwise.
Well yeah, they're attempting to squeeze every cent while simultaneously killing the dollar, then switch over to something crypto backed. Screenshot this comment.
I doubt that anything crypto-related will take on such a role anytime soon. The AI hype largely overshadows the Crypto hype.
And more than half of that debt was created by..... Trump
The vast majority of the debt was caused by entitlements, which couldn't be paid for even if we took all the profits from the top 1%.
The only "cause" is the lack of a law automatically raising taxes when spending exceeds income. Everyone is trying to get subsidies for their cause and have someone else pay the bill, and to an extent that's just the way governments promote economic activity, but it's never gonna be sustainable if you're spending more than you make. Supposedly, if your economy out grows your debt it's "fine" but that sounds like bs without a dynamic tax rate.
No... At best entitlements are around 50% of the usa debt
Yeah, 50% is an insanely large amount. Social Security, Medicare, and Medicaid are ~50% of the budget (after you take out interest). Another 15% is mandatory spending, which is mostly still retirement stuff. Obviously we need to be more discerning about defense spending (~30%) too, but that doesn't really change the core point: We're spending money we don't have -- on good things sure, but it's not sustainable. ~~Future~~ Younger generations will pay for it and likely be forced to go without themselves.
You can look at the charts, modify by taking the percent over 100 minus the net interest to see spending percentages without interest.
The economy is made up anyway. We could live in a post-scarcity world, but we'd rather bomb brown people.
Quick, let's cut taxes even further! We have people to kill in the middle east!
I am certain that we can find other places to starts as well
I'm not entirely certain that the administration will have the juice to start shit with Cuba let alone Greenland after they flubbed Iran so bad.
This Iran thing is never going to end by the way. Even when it ends it won't end, Israel will reach across the border for whatever pretexts for domestic political reasons. This is a Forever War.
But the president wants to start shit with Greenland for the express purposes of pulling us out of NATO, and that is why he is trying to increase the military budget to 1.5 trillion, to make up for all the arms sales they would lose pulling out of NATO.
It really is like that.
Don't worry, DOGE got this
So one more lil happy accident & USA hits the prestigious investment grade of BBB+ (it's a joke but the dollar has been sorta artificially/imperially prompted up, and the purchasing power of USA goods & services has need starched pretty thin ...).
Fed is screwed and still printing $40B/wk for “liquidity” on US treasuries because the market doesn’t want our debt.
Can’t raise interest rates to control inflation or the weak economy (when you exclude AI) gets crushed and interest on the debt explodes. Most of our debt is on short end bills so we feel the burn the moment that interest rates rise.
Can’t lower rates or inflation soars even higher.
I would ensure you have some hard assets. The money printers are whirring and devaluing dollars seems to be the most likely exit strategy in the long run.
Not financial advice. I’m a fool.
thanks, drumpfuck
How could the future democrat do this