Tell me you have not taken a single course in American history, or world economic history, without telling me...
1. Fed Gov has had public debt as a tool since Hamilton's days as SecTreas https://treasurydirect.gov/government/historical-debt-outstanding/
2 Debt up way more under Trump than Biden. https://www.crfb.org/papers/trump-and-biden-national-debt
1. Fed Gov has had public debt as a tool since Hamilton's days as SecTreas https://treasurydirect.gov/government/historical-debt-outstanding/
2 Debt up way more under Trump than Biden. https://www.crfb.org/papers/trump-and-biden-national-debt
Comments
They are sawing the legs off the government from multiple angles!
A government is not a business.
The President thinks our country is a business he can run, without any shred of understanding about how our economy actually works.
Or the economic unicorn that collapsed the supply chain: both supply-push inflation (no workers or resources) and demand-pull inflation (isolated people flush with cash).
He’s an imbecile.
https://youtu.be/yuOHbyuanbY?si=6hCLhSHkWC1IB9_Z
It's unrelated but I feel the need to correct the record every time.
https://www.investopedia.com/democrats-vs-republicans-who-had-more-national-debt-8738104
Don't kid youre lf. They know they're lying.
The U.S. gov't creates all the $ it wants via computer keystrokes (since end of the gold standard 1933 /fixed xchg rates 1971). So no need to borrow $, no "debt" in the conventional sense.
See for e.g., https://www.goodreads.com/book/show/45731395-the-deficit-myth
The US cannot go bankrupt. The government can tax, they can sell bonds, they can print money.
They set the interest rates, and control the money supply.
When they open their mouths and a steaming pile of nonsense falls out, they get a little zap.
To be fair, in her case it would amount to unusual cruelty, but . . .
She is so robotic in her lying.
https://www.propublica.org/article/national-debt-trump
The worst bait and switch ever foisted on this country was Reagan's assertion that tax cuts would pay for themselves.
Soooo naive...
Their ignorance is their own Bliss. It's a nightmare for the rest of us who have the ability to think for ourselves.
That saved her so there’s that.
Today, the debt is snowballing. We must raise taxes, or the debt "tool" will crush us.
That said: Put tax rates (income and estate/gift) back to Clinton-era levels. It would pay for the programs they want to eliminate (and use cost as a pretext).