General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy don't we hear more about the record 22 Trillion $ Dept the U.S. economy is in?
Dumbass tRump spins his B.S. about the economy, but the dumpster fire that the GOP has caused with tax cuts for billionaires is just around the corner.
It's as if the MSM has totally forgotten we are in debt deeper than ever! The consequences could lead to a huge recession, but it's not news...yet anyway.
From earlier this year:
https://www.npr.org/2019/02/13/694199256/u-s-national-debt-hits-22-trillion-a-new-record-thats-predicted-to-fall
A HERETIC I AM
(24,365 posts)You haven't sorted that out yet?
What was nightly news is not ever mentioned anymore.
Response to Takket (Reply #3)
Chin music This message was self-deleted by its author.
JDC
(10,122 posts)RiverStone
(7,228 posts)Sure as fuck can put a DEM in the White House.
That is, if Congress and the candidates running bring it up!
A HERETIC I AM
(24,365 posts)The Senate is the key, and the way things are now, it looks a daunting task to take back the Senate.
If Mitch McConnell is still Majority Leader and controls what makes it to the floor for a vote, don't expect much at all. The man does not believe in Democracy. He believes in his agenda, which is basically make rich people richer and move the country backward 100 years.
We need a tax structure like we had under Truman, Eisenhower up to Carter to repair what has been done since Reagan.
Some debt is not a bad thing, but when it nears 100% of GDP, it spells big trouble, from the way I understand things.
In It to Win It
(8,228 posts)rampartc
(5,400 posts)very soon. the debt does not matter to walls, or wars, or golfing trips. only to seniors and children.
Response to rampartc (Reply #2)
Chin music This message was self-deleted by its author.
cilla4progress
(24,724 posts)on this, too.
Wantonly, willfully avoiding that the bill is gonna come due. And then, what - declare bankruptcy and foist it off on some other dumbfucks? Leave us all holding the bag?
That's the MO here. On steroids. Who didn't see this coming?
Chin music
(23,002 posts)Last edited Sat Jun 8, 2019, 01:29 PM - Edit history (2)
they have a macro financial game plan down, so they win either way.
If they lose the election, they are so rich they just ride out the 4 years pampering themselves like they do everyday, on the money thy made under the last gop president. Pres Obama had to put bushes war bill into the budget bc, it was funded OFF the books by borrowing, to not impact gop rank and file. Then they scream about dem "spending' like WE ran up the bill. The butchers bill did go up under Pres Obama, but, it wasn't a vast increase in spending on the 99%. It wasn't "socialistic", spending (their term), It was paying for the bush years.
ps..Red don isnt the rarity, he's the rule in the upper classes. This is how they behave. Privatize the profit, socialize the loss.(they really do love socialism.) this is the kind of people we create by allowing them to harvest the economy for a small group of people. They aren't better people for it. They are worse. By and large, trump like behavior and worse is the family life of a vast percentage of the 1%. (And no, I don't have a statistic, just eyeball knowledge.)
Repubs run up the bill and corporate right wing media (All of it), utters not a word, lots of other stuff to talk about. Throw out a bunch of stuff everyday, that they want you to hook in to, bc it effects OUR bottom line. A little micro aggression delivered to each of us, that aren't so rich that we can absorb fluctuations in our monthly bills. Without a certain amount of angina, or plain going without.
We are subliminally terrorized by these things that could all be fixed. ALL BE fixed, if the 1% paid 10% more taxes, and corporations paid more than their employees.
CEO pay is out of control, corporate trustees think absolutely no action is out of bounds bc the goal is to make money. Even illegal stuff. Ugh. Corporations, and the gop, are a license to steal, and never go to jail.
cilla4progress
(24,724 posts)100%
watoos
(7,142 posts)Trump gave corporations and the rich 1.5 trillion dollars which they used to buy back stock and give top management bonuses. Trump's tariffs hurt Trump's voters so he gives soy bean farmers billions, now Maine fishermen want a piece of the action, because of Trump's tariffs Maine can't sell its lobsters to China, China is buying from Canada.
But hey, the deficit is projected to be 1.2 trillion dollars a year. Party hearty.
Kid Berwyn
(14,855 posts)Who gets that money?
Har har it is to laugh.
Salviati
(6,008 posts)ooky
(8,920 posts)to show for it. No more affordable health care, no more infrastructure spending, worsening climate, no noticable change in the income tax they are paying. Only the people who didn't need tax relief got it. Its the biggest fraud of all time, and M$M is hiding it.
mathematic
(1,434 posts)And you seem to be parroting the nonsense that the national debt is some problem that needs to be solved. Spreading garbage like that is how people get seduced into voting for "fiscal conservatives".
ProfessorGAC
(64,963 posts)Nicely stated
uponit7771
(90,329 posts)Hoyt
(54,770 posts)Fact is, sooner or later we are going to have to start dealing with it. Let's hope to heck the GOP is not in power when that time comes.
Obviously, the first step is to reverse recent tax cuts; but, that is not going to be enough.