The US National Debt now exceeds 100% of gross domestic product. Debt as of March 31, $31.265 trillion...GDP over the preceding year $31.216 trillion.
And we think this Iran thing is a problem!!
And we think this Iran thing is a problem!!
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When the D's are in charge, the R's claim to be powerless to stop the reckless spending.
When the R's are in charge, the R's engage in reckless spending and most of their voters ignore it, or cheer it on. Big, Beautiful, Bloated, Budget Busting Bill.
Ranch beef just tastes better.-
You mean like the MOB of all budget busting bills The wholly f-ing unAffordable Healthcare Act, for free healthcare to all forever? -
You mean the one that the R's failed and refused to eliminate?
This is exactly the childish nonsense that dominates our politics. "Oh, they did it first." We don't accept that pathetic excuse from Kindergarteners, but somehow it works for politicians.
So, the reckless spending continues. -
That.s true, How long do you think it will take for the Dims to take up a bill to repeal the BBB, after they win the midterms?
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Oh and let's not forget the other 2999 pages of pork that went into that masterpiece.Comment
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Debt will end this country’s existence at some point. The majority of that unimaginable number is money that we have gifted to other countries, given away, lost through fraud and supported causes outside our borders with little to no benefit to us. We can’t support the world and we can’t help anyone if we don’t keep ourselves strong financially and otherwise.I do stuff !Comment
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Per usual you're probably both wrong and right. The thing is, if the R's don't do some of this stuff, then they won't win elections, then putting D's back in power to do even more of this stuff. The R's per standard are the lesser of two evils, and we are locked in a self-perpetuating spend/debt cycle. What breaks it? Probably zombies.What country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance. Let them take arms. - Thomas JeffersonComment
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All elected representatives in DC are responsible for this. Every stinking one of them. Doesn’t matter which party.
But, when close to 50% of the population in the US pays little to no taxes and receives benefits from the government to subsidize their current state…and they vote. The debt problem will never get better.Comment
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Here's my take on it, they don't give a shit, so why should I.
I live within my means, maybe they should try it sometime.Last edited by Cubera; 1 week ago.That old adage that states "If you want something done right you must do it yourself!", didn't quite hold true regarding my latest surgery.
EPSTEIN DID NOT KILL HIMSELF.​Comment
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The actual debt is 39 trillion. 7.6 trillion is owned by the US government which pays the interest on that 7.6 trillion to the Central Bank which transfers that money(coupon) back to the government (itself). Japan has the largest holding, 1.2 trillion, out of all the foreign countries that hold US debt.
Feel better nowComment
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If you break that down by each citizen of the US (whatever the census says), every citizen would owe $114,032.00, but if you only calculate by every tax payer, then that burden would grow to $357,070.00 per payee. 😠😠😠😠😠😠😠😠-
Ah the ponzy scheme otherwise known as Quantitative Easing. No I don’t feel better now.
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Politics have become team sports. My Congress person is not supporting my interests, or the interests of my community. They are part of the party. In lock step with the direction from above. Who they depend upon for cash and support.
Example - data centers. Our bright red county hates them, and wants absolutely nothing to do with them. But, the state and fed level party loves them. Trump excelerates permitting. The local R voters in my county would protest data centers. But, not a Congress person because that means they are disloyal to the national party, and so they might be challenged in a primary. Disloyal to Trump vs disloyal to your constituents. That's the choice, and it's no choice at all.
Example 2 - green energy. Abott brags about clean energy in Texas, a leader in both wind and solar. My county hates both. But again, the state rep is presented the choice: ignore your constituents or be a good R team player.
This team sports AND the lesser of two evils voting pattern is dysfunctional. The lesser of two evils is still evil. "Oh, but he or she is better than Hillary, Harris, Biden or Beto" is a low bar, and we should demand more. Much more. People that vigorously advocate for our interests, irrespective of the party dogma.Ranch beef just tastes better.Comment
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I agree with all of that, but what can we do? Of the branches, congressional is the strongest by far. They can pass their own pay raises and basically anything they want, and there is nothing we could do about it. This is a situation that our founding fathers probably didn't expect, or the constitution would have been written differently. The fathers didn't realize or think that several hundred people would band together and have free rein of anything they wanted to do. -
"The lesser of two evils is still evil"
There's the problem
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I believe Congress will never address the national debt problem until we finally fall off the cliff then it will be too late. Term limits would help but again they will not vote themselves out of a lucrative job!Comment
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Congress? The people will never go for what it would take to fix the debt problem. We can’t even get fraud and abuse solved.always tired never brokeComment
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If we could only tax the billionaires that would solve everything
No body gives a poop about the mule until he stops pulling....stay feral my friendsComment
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You old timers are looking at this all wrong. If you look at the debt - on a debt to income ratio, it is a pretty bleak outlook.
But if you look at the debt - as a debt to asset ratio, it really isnt that bad.Comment
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