At this rate, the debt ceiling’s going to need its own space program!
Thank you, Mr. T, and to all those before you who let avoidable crises happen, handed out tax cuts to your richest friends, and slapped it all on the national credit card.
The people of this country will be feeling your “generosity” and recklessness for decades to come.
PS: I'd invite everyone to examine how US Debt/GDP grew unbounded.
The biggest culprits seem to be i) financial crisis and ii) covid. I consider both of them avoidable, man-made. When you have reckless leaders who have no interest in protecting the nation from man-made and natural catastrophies this is what you get. And obviously, you have massive tax cuts added on top, which have been completely uncalled for, given our ginormous debt.
As a follow-up, maybe briefly ask yourself: What additional tail risks are actively being ignored today? Whose job is it to minimize those?
Then think about the wholesale dismantling of the US government (under Doge), eliminating the post-crisis financial regulation, actively contributing to climate change...
Not only does the data show this to be false, it's mathematically inprobable for both major parties to be "exactly the same". That is the only ridiculous claim in this thread.
I guarantee both parties know how to balance the budget but one requires a pledge to never raise taxes and the other knows they will lose if they propose it.
I mean, he's kinda right, historically in the US, only one party ever balanced the budget, and left his successor a surplus said successor immediately used to cut taxes on wealth, right before starting the two most expensive wars US has been part of since WW2.
That the man who did it was a sex pest and should be in prison is unrelated to his success on that particular policy.
Constantly posting "both sides!!" lacks nuance and is unhelpful. The last budget surplus was under Bill Clinton, a Democrat. Generally, Democrats have to fix the fallout of Republican fiscal policy and get blamed for it since the effects can start to show years later (like Trumps tax cuts)
Chris Hitchens used to like to remind people that Clinton was actually a conservative whose political success was due largely to the longevity of the appeal of the “southern democrat” to certain segments of society. His granting of MFN trade status to China is relevant to “his” budget surplus, as is the fact that the internet happened and the unipolar moment began while he was president. Clinton didn’t invent the internet himself; Al Gore did. He didn’t bring down the Berlin Wall either.
Not sure if you’re joking. The parent mentioned Clinton’s surplus so I referenced Clinton’s famous welfare queen reforms.
If I wanted to attack the character of William Jefferson Clinton, I would have plenty of facts to draw from there as well, like sexually assaulting an intern in the Oval Office and lying to us with “it depends on what your definition of is is”[0], which I’d note our non-biased hard-hitting media elites collectively shrugged off. Or I might allude to Jennifer Flowers, or Epstein, or a really long list of other ghoulish Clintonian acts.
[0] One can easily see this as the approximate moment the executive became unaccountable, a trend that’s continued (slippery slopes are real) and which many are now fallatiosly calling factism. It’s not, it’s just unaccountability in the same vein as Clinton’s sexusl assault.
More character attacks to try and counter the cold hard statics truthfully presented.
Unaccountable? Old boy balanced the budget, you know, the topic being discussed (not the Epstein file, who is it not releasing those again?). He came, he took account, he won. How much has Trump, the budget fixer, added to the budget again? And what does that number look like compared to past Presidents?
The next major "avoidable, man-made" crisis is the slow-motion implosion of the property insurance market due to climate risk.
We're already seeing insurers flee entire states like California and Florida. The domino effect is simple: no insurance means no mortgage, and no mortgage means the underlying asset is functionally worthless to anyone but a cash buyer. This isn't just a problem for individual homeowners; it's a systemic threat. Trillions of dollars in real estate collateralizing mortgage-backed securities are sitting in these increasingly uninsurable zones. It's the 2008 playbook, but the risk isn't a bad loan—it's the physical asset itself.
This is also due to the manmade real estate crisis, housing should be cheap, not the “main” investment, we should have a normal rebuilding effort like in Japan.
Its been ~8 months in office now. Can we please stop with this whataboutism? Pray do tell what is this guy's plan to reduce the national debt? The BBB seems to be increasing the national debt to unmanageable level.
Did you catch the part where Trump repeatedly claimed to reduce the debt once in office and has since done the opposite (despite the smoke and mirrors called DOGE).
Well you certainly shouldn't vote for the con artist with a proven track record of blatantly lying. Especially when he keeps mentioning the subject, salivating at the prospect of having another turn at the trough.
No, start considering the source. If a mental patient tells you that a stock is a good investment, do you buy? No, so why listen to a man who lies with every word he speaks?
If Kamala had been elected president the debt would've grown, but at a lower rate than under Trump, and her policies would've benefited regular folk, not just gazillionaires.
Kamala also isn't in the Epstein files and doesn't have a history of sexual assault, and certainly wouldn't have moved that absolute demon Ghislaine Maxwell to a minimum security club fed because she was willing to provide testimony to deflect from Kamala's crimes (of which there are none).
Shall I go on?
You chose one of the most incompetent, nonsensical, unethical, greedy, lecherous humans on this planet, who also has an absolute lack of morals or empathy, because he said he'd reduce the deficit / debt? What did you think was going to happen?
I hope you take this misstep as an opportunity for self reflection.
Well, _previously_ ol' mini-hands ran on decreasing the deficit, and then massively increased it with tax cuts. In the words of another expert on increasing deficits, "Fool me once shame on you, fool me - You can't get fooled again".
Woah, all the replies are misreading me in the same way.
Yes, Trump seems to lie even more than a normal politician. In that sense, sure, you shouldn't expect that he's going to do anything about the deficit. You knew (or should have known) that when you voted.
But what I meant was, because he ran on the issue, we have grounds to judge him for not doing what he said, in a way that we would not have been able to judge Harris had she won.
You're aware that he served a first term where you could've looked at his track record with deficit spending, correct? Before COVID, while the economy was doing good, Trump was still spending government money like crazy.
Trump is a lifelong pathological liar (among other things). There is no meaning in anything he promises. He has no loyalty to anyone or anything but himself. He is a lecherous, repulsive menace.
Thank you, Mr. T, and to all those before you who let avoidable crises happen, handed out tax cuts to your richest friends, and slapped it all on the national credit card.
The people of this country will be feeling your “generosity” and recklessness for decades to come.
PS: I'd invite everyone to examine how US Debt/GDP grew unbounded.
The biggest culprits seem to be i) financial crisis and ii) covid. I consider both of them avoidable, man-made. When you have reckless leaders who have no interest in protecting the nation from man-made and natural catastrophies this is what you get. And obviously, you have massive tax cuts added on top, which have been completely uncalled for, given our ginormous debt.
As a follow-up, maybe briefly ask yourself: What additional tail risks are actively being ignored today? Whose job is it to minimize those?
Then think about the wholesale dismantling of the US government (under Doge), eliminating the post-crisis financial regulation, actively contributing to climate change...