Here’s what’s a stake when we pile on the debt: In 2024, the US spent more servicing the debt than on our military.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
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That they want to increase the DOD budget to over $1 trillion for 2026?
An agency that has not passed an audit in 7 years and admitted 2 years ago they cannot keep track of the manufacturers?
https://www.pgpf.org/article/the-united-states-spends-more-on-defense-than-the-next-9-countries-combined/
Well... maybe not all that sober.
But you can be sure he knows how to assault.
C’mon people, let’s be Real!
The SCOTUS which is the ONLY remedy to the stop against this nightmare it’s all IN to control & Destroy the Checks & Balances of this corrupt administration. We NEED TO IMPEACH!
A good ratio is considered half of that.
We are entirely too leveraged as a country.
We need to generate more revenue (tax the rich) and spend less. Particularly on defense.
Everything is so corrupt.
47 is tanking our economy. The world doesn’t trust us anymore. The dollar is in trouble.
https://open.substack.com/pub/deanblundell/p/carneys-checkmate-how-canadas-quiet?r=58o6wb&utm_medium=ios
and so will default
That is not what trump is doing. His kind of additions to debt are definitely bad.
How much of that debt is because we spent too much on our military in the first place? Had we racked up that debt on social programs, we'd have less poverty, a more efficient economy, higher GDP, and less need to borrow down the road.
But instead we pay for big guns.
And I'm pointing out that his framing misses the point, because poor spending choices are what contribute to the size of the debt in the first place.
Spending choices affect economic activity. Economic activity affects tax revenue. Tax revenue affects the size of the deficit in any given year
It is not an uncontrollable budget item, it is the result of a series of choices
The real problem is that we spend more on the military than any of the other programs on that list.
You Can’t Keep This Up!
https://fred.stlouisfed.org/series/FYOIGDA188S
- artificial economic crisis
- don't collect all taxes
- loose trillions lowering taxes to those making most top 10%.
- can't contain Def budget that's social program for some states and industry.
https://www.nytimes.com/2016/05/07/us/politics/donald-trumps-idea-to-cut-national-debt-get-creditors-to-accept-less.html?smid=nytcore-ios-share&referringSource=articleShare
“Donald Trump’s Idea to Cut National Debt: Get Creditors to Accept Less”
So the US interest rate will rise.
People don’t get it. The US pays less in TOTAL taxes as a percentage of our GDP than nearly every developed country in the world.
We already haven’t had wages pace with productivity and cost of living, while boomers got to go thru the motions and get rich. Disgrace
Until then, Vote Green Party.
89 million people not voting. 5% of Americans voting for Green Party...(8 million)
77 million MAGA.
75 million DNC.
Tell me, Why do Democrats & Republicans just keep taking turns cheating & grifting Americans ?
Why keep Green Party off of elections ballots ?
Trump is pro-Russia.
The fascists are already elected into Congress every election & they continue to fund & arm fascist dystopian capitalist hellscape Resource Wars bankrupting the USA.
When 89 million Americans don't vote, that's how fascists are elected.
(By a fascist minority)
We’re literally borrowing money to give to the rich. This is obscene.
What’s the chance that the debt collectors come knocking on the US doors?
You've had free money for half a century.
Or did you think you could just print new money forever?
Time to pay up.
If I had to pay more in interest than my household expenses, I'd be searching for additional revenue. I sure as hell wouldn't add more debt to the pile.
Cutting the deficit legally would be a helpful start.