Our national debt is truly shocking. Just look at this “debt clock:”
https://usadebtclock.com/ This debt could get out of control and even become an existential threat. But I do not hear anyone in our national media sounding the alarm. Why is that? |
Good morning Karoline |
Eh, it is sustainable for now.
Japan has like 300% debt to GDP and it hasn't ceased to exist. It isn't good, but it isn't world ending. Let the bond markets figure it out. The US can't keep running a deficit at an increasing velocity, or else borrowing costs will explode in the markets. The free market is OK for now for what US has borrowed. |
Letting the TCJA tax cuts expire would reduce the growth in national debt by trillions of dollars over the next decade. |
In other words: - raise the percentage of taxes collected every year? |
Americans voted in MAGA to stop Democrat insanity. |
I agree the National debt is a problem, but there are only two way to address this problem raising taxes or cutting spending. In FY 24, the deficit was 1.7 Trillion. If you only want to reduce spending. You would have to eliminate all “discretionary” spending. So no more DOD, EPA, FDA, USDA, etc. Balancing the budget without increasing taxes would literally require us to eliminate the military entirely. The is no reasonable solution to the budget that does not involve some level of tax increases. |
Silly! The debt only matters when a Dem is in charge. When a Republican is in charge they add trillions to it in tax cuts for the rich. |
You cannot be serious OP. There have been several posts on here about the House GOP’s plans to make this situation significantly worse with further tax cuts and spending cuts that are aimed to curb economic growth.
Consistently, conservatives have avoided those threads and they quickly dropped off the first page. Democrats do care about the debt. They want to let tax cuts a loopholes that benefit the rich and corporations expire to raise revenue. Those, combined with targeted cuts that are not aimed to hurt our poorest citizens will help the situation. But increasing unemployment, tariffs, extending and increasing tax cuts, cutting funds that promote growth and leave our poorest citizens at risk isn’t going to do that. By the way, neither is mass deportations, as seen by Florida’s recent moves to roll back child labor laws. |
Yep. And now Trump/Elon are gutting the ability to collect revenue (aka the IRS). They are not serious people. There is no way out of this without increasing revenue. They do not actually care. |
It’s fascinating how quiet these “conservatives” are when it comes to actual conservative priorities. It’s almost like “conservative” is a cover for something else. |
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Maybe MAGA, but that is only a small percentage of a very uneducated portion of the population. In reality, most Americans, including those who voted for Trump based on polling, are quite unhappy with Trump’s handling of these issues. |
There isn’t much of a narrative hook for the media. The GOP and Elon Musk are adding trillions to the debt. Republicans aren’t destroying the US government to save money. Everything Republicans are pursuing is motivated by vengeance and nihilism - not cost savings. So that’s where the media focus is. Republicans always blow up the budget. That’s what they do. The vast majority of debt was incurred due to policy decisions by Bush and Trump. There should probably be more media attention on the fiscal recklessness of the Republican Party |
I can almost guarantee OP won’t reappear in this post. They don’t want to debate the issues, or its causes/solutions. They only want to scream about single metrics, like the debt clock. |