Just in time for captain genius, leader of the financially responsible party to decide that his primary goal is to make sure corporations and billionaires pay less tax. I’m sure that will go just fine.
I'm sure there were a lot of naive people who voted for the Republican party for their first time because something from Trump's word salad resonated with them, and they are now finding out what that Party is actually about. Surprise! All that whining about the debt was total kayfabe. Don't say we didn't try to warn you.
At this rate, the debt ceiling’s going to need its own space program!
Thank you, Mr. T, and to all those before you who let avoidable crises happen, handed out tax cuts to your richest friends, and slapped it all on the national credit card.
The people of this country will be feeling your “generosity” and recklessness for decades to come.
PS: I'd invite everyone to examine how US Debt/GDP grew unbounded.
The biggest culprits seem to be i) financial crisis and ii) covid. I consider both of them avoidable, man-made. When you have reckless leaders who have no interest in protecting the nation from man-made and natural catastrophies this is what you get. And obviously, you have massive tax cuts added on top, which have been completely uncalled for, given our ginormous debt.
As a follow-up, maybe briefly ask yourself: What additional tail risks are actively being ignored today? Whose job is it to minimize those?
Then think about the wholesale dismantling of the US government (under Doge), eliminating the post-crisis financial regulation, actively contributing to climate change...
The amount of snarky comments here is truly insane. Flippant stuff used to be downvoted/shadowed immediately on HN, now it seems to be the median in some political threads. This started changing around 2019 but it's really accelerated lately.
I thought Trump was going to fix that?
Oh right his bill made the debt INCREASE. I guess all that talk about saving money was just a front to defund social programs conservatives hate and increase spending on things they like.
Folks, folks, please: If you keep focusing on figuring out what the facts are, and on using government data to do it, two things are going to happen. First, this post will be flagged into oblivion. And second, if the Administration doesn't succeed in firing everyone at the St. Louis Fed and installing others who will report data it likes better, it will enter an executive order to take over Hacker News.
It would be nice if the whole NY stock exchange is used to pay up the national debt bill. It would bring US financial status back to its glorious beginnings and continue from there. A restart is needed...
18 comments
[ 4.8 ms ] story [ 42.4 ms ] threadOf course, this doesn't show projections for what the future debt will become after the Republican's "BBB" package from a few months ago.
[0] Yes, I know GDP is a flawed measure, but as long as its flaws are consistent over the years it is useful for scaling.
Thank you, Mr. T, and to all those before you who let avoidable crises happen, handed out tax cuts to your richest friends, and slapped it all on the national credit card.
The people of this country will be feeling your “generosity” and recklessness for decades to come.
PS: I'd invite everyone to examine how US Debt/GDP grew unbounded.
The biggest culprits seem to be i) financial crisis and ii) covid. I consider both of them avoidable, man-made. When you have reckless leaders who have no interest in protecting the nation from man-made and natural catastrophies this is what you get. And obviously, you have massive tax cuts added on top, which have been completely uncalled for, given our ginormous debt.
As a follow-up, maybe briefly ask yourself: What additional tail risks are actively being ignored today? Whose job is it to minimize those?
Then think about the wholesale dismantling of the US government (under Doge), eliminating the post-crisis financial regulation, actively contributing to climate change...
Once that ends, well... =(