US credit worthiness downgraded yet again
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Anonymous
How? They're entitlements - do you know what that means? It doesn't mean a snowflake Gen Zer. It means the money is already spent on those programs, it's already set aside, it cannot be "nationalized". |
Anonymous
If that were the case, then inflation in the US would be worse than our industrialized counterparts. Instead, inflation in the US is MUCH BETTER than the rest of the world. Try again. |
Anonymous
Our tax burden especially on corporations and the wealthiest is one of the lowest in the last 100 years. There is plenty of room to increase. And guess what? Gen Y is ready to do that. |
Anonymous
But the GOP cuts taxes without cutting spending, so we get exploded debt. That doesn't work either. At least with the dems, we get GDP growth so the spending is investment that raises all boats, not just the .05% that the GOP benefits. |
Anonymous
'entitlements' More like Ponzi scams. They're already breaking the govt's back and our budget. At some point, scams implode, like they are now. |
Anonymous
No it wasn't. At the peak of our inflation, the US was in the top ten in the world for inflation. We were in the same ranks with Brazil, the UK, and Russia. It was bad. |
Anonymous
Bull S. The amount of taxes we pay as a % of total GDP has remained remarkably consistent for nearly 50+ years: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS?locations=US So how does the US ring up such massive deficits if the amount of taxes the overall country pays basically has remained the same for 50 years, give or take a minor few percent? THAT MEANS WE HAVE A SPENDING PROBLEM. But go ahead and keep increasing taxes. You'll turn the country into a sh!tty European country like the UK or the PIGS where economic growth will be anemic, wages and salaries stagnate, and there will be a slow, long-term drag downward for quality of life. Democrats......always trying to tax their way out of problems..it's never a spending problem. Yeah, how about you try to earn your way out of a credit card spending problem and see how well that goes for you without fixing your shopping addictions. |
Anonymous
Oh, like farm and fossil fuel subsidies supported by Republicans or out of control defense spending? How come people like you never bring that up? Or tax cuts to billionaires and multinationals? Huh, pal? |
Anonymous
| SS, Medicare and Medicaid are not "entitlements". |
Anonymous
Oh right, couldn't be Biden's $6T spending plans: https://www.nytimes.com/2021/04/28/us/politics/biden-spending-plans.html It's laughable you probably simultaneously drink idiot Kool Aid from clown shows like AOC who has $30T spending plans for green initiatives in the works with no bat of the eye. Keep.on bankrupting country. Let's see how well your green initiatives and student loan forgiveness work when the country is insolvent. |
Anonymous
Uh, good luck trying to cut Social Security, Medicare, Medicaid, and the military as non-military discretionary spending makes up ~15% of the total Federal budget. You want to put grandma and grandpa on the streets without healthcare? Those aging white, boomer welfare kings and queens are why we have an "out of control" spending problem. Good luck with that. |
Anonymous
+ a million. All of it... but especially the bolded. |
Anonymous
Half our budget is for DoD and they have never passed an audit. Let's start there. |
Anonymous
There is a key word in your post...WAS. WAS BAD, not IS BAD. The US economy is the envy of the world at this moment. |
Anonymous