Cause and effect to Republicans
Killing trade
And spending frivolous and growing thr deficit.
Trump largest deficit.
2016 he ran on paying it doen. Nope he added -$8 trillion on frivolous overspending. Rinse and repeat.
You’re right but the GOP is voting right now to add approximately 3T more to the debt in tax cuts to the wealthy. And that’s after all of the stupid little cuts they made firing federal employees.
If they had fired every single federal employee it would have been something like 4% of the budget, and then it would have been reduced even further by the loss in income tax revenue and the unemployment paid out. They're evil morons.
Which assumes that the bond markets are inert and won't react to legal, political, and financial developments effected by Trump et al. That's wishful ignorance. Rates will go up.
Every tick of a single basis point (0.01%) in the rates on Treasuries adds billions to the annual interest expense.
Tell Speaker Johnson that as he pathetically runs around promoting this cluster of a budget. It neither maintains America as the premier democracy nor balances the budget. Both parties should hate it.
All those tax cuts for the rich & both parties huge military budgets create debts & massive interest. That's why they're cutting basic services, Medicaid, SNAP, weather service, etc.
And as well as piling on more debt and GOP are now wrecking the credit rating of the USA so raising interest on that debt, rapidly increasing the payments which are paid by
...
(Drum roll)
...
More debt
And rates are only going to rise if they go anywhere (which they likely will), further compounding the problem.
The world has lost confidence in the US, so the debt based economy is a death trap for the US nation.
Tax the rich and lower income tax for the lowest families.
To quote Jessie J, do it like a dude. In this case with trump being the dude in question I anticipate he will just keep spending through tax cuts and then file a chapter 7 reorganization for US creditors offering .30 on the dollar.
And our credit rating just fell due to uncertainty caused by the dumpf's whackadoodle shenanigans. Don't get me wrong, I'm generally in favor of shenanigans, it's just not a good plan when it's causes the full faith of the American government to become questionable.
Talk to your fucking leader & the Reos & Senators you elected He’s the one who exploded the deficit in his 1st term & is going to do it again now in order to give his rich bootlaces even more $$$$. They are the 1s who turned #muskrat loose to dismantle govt & ensure taxes aren’t collected.
Of course not. But it is the debt that is insane. Not the amount of it, but the fact that we pay interest on it WHEN THE FEDERAL GOVERNMENT IS THE SOURCE OF THE MONEY!
Most of the world suffers from the delusion that it is "taxpayers' money."
But that's too radical for most people. Everyone grew up with the lie about taxpayers' money being pounded into their ears by the owning class, to keep nations from taxing the owning class.
Now the inequality allows them to buy Supreme Court Justices, and the News.
According to their fiscal policy, families should work like this: 1) Main breadwinner hoards wealth, contributing the least to bills. 2) Kids go out & collect cans to get mortgage money; 3) If there's not enough money from cans, the family starves. Breadwinner can go buy themselves a steak tho.
Thus the mass push by Pedo-Shitler, The Heritage Foundation & 4th Reich Republicans (Ie 1%'ers) to steal/shift what teeny-tiny crumbs of wealth, health, safety, security, opportunity, power & freedom we have left into THEIR pockets & money bins in the next 4yrs.
These are interest payments on the last tax breaks we bought our wealthiest ( by not taxing them) with all of our national ( all of us going to work more hours than anyone else on planet) GDE ( Gross Domestic Effort). Doesn't seem right......
Well 50% of Elon, Jeff, the Koch family, Walmart family. That should get a little under control. Then companies back to at least 35% no deductions. That or pay all the employees big bucks and have less tax. Capital Gaines tax it.
Trump's tax cuts were and are a death sentence for the economy, and there isn't any amount of cuts to government programs that can alter that. Congressional Republicans are leading the country to the slaughterhouse.
Bring back the 90% effective tax rate. The Party of Trump wants to take the US back to a "greater' time (for white men) in this country, but conveniently it doesn't want the taxation rates and union power the country had back then.
“Adding to debt in not a Democrat or Republican thing.. everybody does it.”
NO!!!! CONTEXT:
1. Republicans add to deficit to cut taxes to corps/wealthy & ⬆️ defense$$ for wars.
2. Democrats spend as stimulus to escape -Republican created recession
-Republican mismanaged pandemic.
This could be pretty easily solved by increasing income taxes on the rich and taxing things like high volume trading and luxury goods. Cutting defense to be in line with the rest of the world
Then maybe you need to look at your party's current budget which will add trillions to the debt, or is that not a talking point you have handy in the fascist handbook?
Reduce Defense spending cause it's a racket, negotiate prices for drugs and medical devices and tax the fucking rich. This isn't complicated. People just need to stop electing grifters.
So that’s why the REPUBLICAN budget adds to the deficit for tax cuts while cutting benefits? Tax cuts to the ultra wealthy aren’t sustainable. Defense? You mean the only area that hasn’t passed an audit in 7 years? Give us a break. Since Reagan, Republicans have fucked over America and our economy.
Then republicans and disgraced trumps MUST not pass a bill that will add to that deficit! They (republicans) know it will now add to the deficit and we’ve all known it would all along! So NO bills that Add to the deficit!
Less than 10% of Treasuries are held by US individuals. Almost 40% is held by foreign entities including central banks.
Holders in the US are primarily institutional such as state and local government, pension funds, mutual funds, insurance companies.
I would also add to your point that, "pension funds, mutual funds, insurance companies." are indeed the Billionaires that you originally referenced. So you're not wrong.
Trust me when I tell you everybody in my family buys what is necessary now I’m not gonna lie. I might get me a little thing of Ben & Jerry’s but I believe I deserve it because I have MS and I’m in pain a lot other than that, I buy the necessities Lol
Unintelligent, untalented and uncreative regrettably, accurately describes too many Americans. 5th graders in adult bodies identify with tRump because he uses a 5th grade vocabulary and they love him for it. Spewing hate and bigotry are a turn-on for them.
Per the CBO, if Bush had left Clinton's fiscal policy on autopilot, the national debt would have been entirely eliminated with a surplus of $5.6 trillion by 2008!!
Congress needs to pass the legislation that led to 3 years of surpluses under Clinton.
Adding 5 trillion more for MAGAts sure isn’t going to help. Right from the beginning Trump is trying to do his biggest bankruptcy yet. Bankrupting the USA.
Fire the Republicans in Congress. This gross malfeasance of the GOP began in 2015 by introducing this monster at Your candidate for President. Republicans must clean up the mess you made.
too fucking bad you elected a moron who created inflation the first time and is creating even more inflation with his moronic bribe laden tariffs and has caused our credit rating to go down which will result in even more money being spent on our debt.
This was from early Feb. but scary. Schweikert starts by calling out the DOGE farce w/facts about the debt & the shit show we’re gonna face (bef. the real insanity was set in motion). The first few min. are worth a listen. If nothing else he is passionate.
This chart is meaningless. If we found a great way to reduce spending in the military without sacrificing performance, then this would have been good news. Also, raw numbers make zero difference whatsoever. You need "as a % of GDP". This is like saying, "I spend more on interest than eggs". So what?
Now all three credit rating agencies have downgraded U.S. government debt yet the Republicans refuse to fund critical infrastructure and social programs by increasing taxes on millionaires and billionaires even after Trump himself suggested just a week ago!
Did you hear these F-ing republican reps new bill cut Medicaid, they promised not to do that, but can’t find anywhere to cut to give billionaires a bigger tax break, all republican reps do is lie, just like there leader, vote there lame asses out , send a message no more lies
The republicans in congress are letting trump fire any civil servant that crunches money figures so trump can lie more to the public, can’t wait till there lame asses are voted out, and see what republicans do when a democrat president dose this.
Congress needs to get off their butts and cut their spending on garbage for example contraceptives for other countries and NPR junk. we taxpayers are sick of their spending on money nonsense then blaming the president for their bills passed.
I'm Canadian and an old school liberal. In both our countries Liberals last balanced the budget but Conservatives somehow think they are more financially responsible. Not in my lifetime.
I am pro-choice and I'd like to hear your argument on abortion if you will share.
First there is the pragmatic assessment. There should be a fundamental right to privacy.
Privacy of the mind and body.
We're dangerously approaching a time when our very thoughts are being predicted and manipulated. It won't be long until "thought crime" can be a thing.
How MANY BILLIONAIRES DO NOT pay taxes? How many above billionaire who also do not pay taxes? How about taxing the rich; who said they were EXEMPT FROM TAXES? This was a Reagan Grift, we should NEVER have allowed. The Constitution doesn't. This ... 1
is REPUBLICONS $36T wasteful spending on free SOCIALISM HANDOUTS, making the rich TAX-FREE (?) and NOT PAYING FIRST spending they propose like GOP MAKES DEMS DO. IT IS because of REPUBLICONS ... 2
this country lacks revenue and has ENORMOUS DEBT. Then STEAL IT FROM Americans to pay? No, they are not. They are OUT THE DOOR, regardless. Enough of this barbarian party GRIFTING AMERICA - 60+ YEARS. ...3
Y’all should check in with Bill Clinton and Al Gore about how to balance the budget… without causing a meltdown down of the world economy. It’s been done ✅
The fascist GOP cult in Congress is front loading the tax cuts and delaying the devastating Medicaid cuts that will kill people, so get ready for an exploding deficit that will cause more credit downgrades.
And more to come as Moody's was the last big ratings house to give US perfect credit score. Today's 4,43% can be 6,00% very soon. Also, the average interest rate is 2,27% at the moment. The loans continue maturing, and GOP plans to get $4 trillion more debt on top of $36 trillion there already is.
And it will be less so in a year or two or five. If the fucking billionaires don’t want to pay their fair share of taxes, then take away their citizenship and strip away their ability to do business in the USA. It’s very simple. They ALL like living here, they won’t leave. Do IT
This regime has gutted national defense including cyber, FAA, antagonizing Canada/Mexico, coast guard, generals, tariffs, infrastructure, air safety, intelligence, planes falling into the sea. Also they’re revealing areas we haven’t considered defense like agriculture, supply chains, housing, jobs.
1) you spent on 3 dessert wars on our credit card.
2) you crashed the economy 3 times in my lifetime with tech, housing, and covid malpractice.
3)TAX THE RICH
4) STFU
Definitely a bad trend. It is confusing that the x-axis labels and the subtitle provided timeline back to 1947 don't seem to agree. Guessing the 1947 date is wrong.
Comments
Killing trade
And spending frivolous and growing thr deficit.
Trump largest deficit.
2016 he ran on paying it doen. Nope he added -$8 trillion on frivolous overspending. Rinse and repeat.
Every tick of a single basis point (0.01%) in the rates on Treasuries adds billions to the annual interest expense.
...
(Drum roll)
...
More debt
The world has lost confidence in the US, so the debt based economy is a death trap for the US nation.
Tax the rich and lower income tax for the lowest families.
Thoughts and prayers.
Most of the world suffers from the delusion that it is "taxpayers' money."
Now the inequality allows them to buy Supreme Court Justices, and the News.
The problem is that there are piles of money for them to have.
That's a result of very bad definitions of money and ownership evolved over millennia
https://bsky.app/profile/bjchippindale.bsky.social/post/3lacq4nvxsb2t
And our definitions attempt to break the laws.
Because mainstream economists say they can, and ridicule the engineers who are required to take their courses.
https://firstmakeitwork.org/2023/09/16/making-money-real/
They know the final crash is coming.
Let's get billionaires to pay _less_ taxes - when they already pay only a fraction of what normal people pay, in taxes.
AND increase the military budget, which is < already > greater than the military budgets of the next nine countries by GDP,
< combined >.
Oh, wait.
😐
https://bsky.app/profile/altnps.bsky.social/post/3lphfu3wqbs2y
He has NEVER cared who he screwed.
"who cares"
NO!!!! CONTEXT:
1. Republicans add to deficit to cut taxes to corps/wealthy & ⬆️ defense$$ for wars.
2. Democrats spend as stimulus to escape -Republican created recession
-Republican mismanaged pandemic.
The regime is cutting the country till is done for good. Well down assholes.
The wealthy won’t think it’s funny when they are ruined.
Holders in the US are primarily institutional such as state and local government, pension funds, mutual funds, insurance companies.
Congress needs to pass the legislation that led to 3 years of surpluses under Clinton.
https://newrepublic.com/article/159932/budget-deficit-biden-agenda-mcconnell
Your party created this mess by kowtowing to the ultra wealthy.
unless you are interested in talking about increasing the revenue side of the equation by taxing the rich, fuck off into the sun.
https://youtu.be/TCyysMU66VA?si=bpLjtQMf8cdICo8k
https://usafacts.org/articles/which-countries-own-the-most-us-debt/?utm_source=google&utm_medium=cpc&utm_campaign=ND-Economy&gad_source=1&gad_campaignid=9645161937&gbraid=0AAAAACy_THoXzgnI9utZptj99-ed4nJ9B&gclid=Cj0KCQjwiqbBBhCAARIsAJSfZkaV6Zl1HIPHa1db6NvByKF9RFL_moDjOewSY42kxK2F-EXIGDBdT0kaAkuqEALw_wcB
I’m surprised the Rs haven’t tried that.
Trump has been bankrupt 6x. He is certainly not fiscally conservative or even fit to lead.
I'm betting most people would like to see a socially liberal and fiscally conservative government.
That being said, my overton window of what I find acceptable has flown far away from anything I'll see in my lifetime.....
I can make a good argument for abortion being the conservative position!
I am pro-choice and I'd like to hear your argument on abortion if you will share.
Privacy of the mind and body.
We're dangerously approaching a time when our very thoughts are being predicted and manipulated. It won't be long until "thought crime" can be a thing.
Its all about WAR for profit.
Its a WAR economy.
Its a sick nation that should be wiped from the face of the Earth.
this can't be true
don-old Trunt said he only had to sit down in the Oval Office
and everything would be great again
he promised
All of that will require us to offer higher interest rates to sell Treasuries.
Who have OUR $’s?
Wealthy American’s!
Why are they Our $’s and not their $’s?
45 years of Republican Tax Cuts & Low Wages transfered about $30 Trillion from OUR pockets to the Wealthy.
2) you crashed the economy 3 times in my lifetime with tech, housing, and covid malpractice.
3)TAX THE RICH
4) STFU
We’re gonna replay 1789 France.
The current debt is mostly from their terms in Office. Trump alone cost us 25% of all current Debt!
Republicans have never been serious about paying down the national debt and a balanced budget- it’s all personal greed and grift for them. Corruption.
If we no longer plan to police the world and get involved in wars, cut the budget.
Red bars are Republican administrations, blue bars are from cleaning up after Republican administrations!