It's only a matter of when and how much.

The longer we wait, the more painful it will be.

Taxes will increase, and interest rates will increase. Dividing the total debt by the U.S. population results in a debt of roughly $115,000 to $116,000 per citizen. If only calculated per taxpayer, this burden exceeds $200,000, and it increases by roughly $1 trillion every 100 days. Thats why I groan every time trump adds yet another vanity project to the debt.

Why doesn't the government eliminate social security and instead let people keep that extra money and invest it as they wish?

I'm operating under the assumption that there wil be no social security by the time I'm eligible, or it'll be wealth-tested. Maybe they'll drop it entirely and just give people food stamps.

Anonymous wrote:GOP will never pay the debt.

They will spend and spend and then blame the next Democrat

Correct. Republicans no longer care about the national debt. They will continue cutting taxes on the wealthy by a vast amount and on the middle class by a token amount that is really meaningless compared the loss of vast amounts of consumer protections.

GOP will never pay the debt.

They will spend and spend and then blame the next Democrat

Anonymous wrote:More taxes for thee but not for me

+1 Tax cuts on billionaires, who, like Trump, could keep the IRS buried in paperwork so they didn't pay much in the first place means tax increases for everyone else. Or the country collapses. Because you need revenue from somewhere.

2045 you said OP? Yep. You are not going to see 15% capital gain tax in 2045.

They have to.

A report came out today from Bloomberg that Chinese banks were instructed to diversify away from the US dollar

If the dollar keeps weakening, our debt worsens.

Our debt is here to stay. We are usually good at bullying our politicians into doing what we want them to do.

Neither Democrats nor Republicans or Independents want Medicare cut. The people who have millions saved will endlessly lobby the government so they don't have to dip too much into those millions to pay for their health care benefits in retirement.

I genuinely do not see a path where the American voter is going to green light taking care of our national debt.

This debt is here to stay. Your kids' kids may have to deal with it. If you think the so called "generational wealth" you have accused is going to bail them out so that you don't really care about the debt because you are set think again.

More taxes for thee but not for me

Also, since Trump has gutted the IRS, tax revenues will be way down this year so we will have to make that up somehow. And then there’s Trump’s grift/dumb projects which is costing billions.

They need to stop wasting money. Cut benefits, lock down immigration so only people who add value to our country are allowed in, and make other countries pay for their own defense (yes, even if they need to go into debt for it!) and THEN we can talk about taxes.

Anonymous wrote:Thus is why you want to move as much to a Roth as you can. Pay the taxes now.

Hahaha you think piggy boy is going to let you keep your money ??

People are not understanding dictatorships do not let you keep your money!!!

How is this hard people wake up!!
Not only will piggy boy do royal taxes you will be paying him a tax on everything g you buy and it will go to him not the national debt which Putin will buy

Anonymous wrote:Absolutely. For someone. The question is who. The middle class or millionaires or billionaires or corporations or some combination thereof.

Trump is running up the debt very quickly, and firing IRS agents so that our collections of taxes owed have dropped precipitously.

It will have to include the middle class -- no amount of raising on the rich people will do it, the vast majority of the $ is brought in through the vast middle class base.