• Sunflier@lemmy.world
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    4 days ago

    He’s bankrupting the country like he bankrupted all his other businesses.

    Guys, it’ll trickle down any second now.

    • reddit_sux@lemmy.world
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      3 days ago

      The debt is trickling down. Every dollar you give as taxes goes towards that debt and war machine. Since rich don’t pay taxes all the debt payment is yours.

      Even if you don’t pay income taxes; sales tax, property tax, tariff is a payment towards the debt.

  • BigMacHole@thelemmy.club
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    4 days ago

    HOW is this Possible? We ELIMINATED all of my VA Benefits, my Child’s Education and School Lunch, SNAP Benefits, Healthcare and Infrastructure Funding! SURELY that gives us Enough Money for Billionaire Tax Breaks and Wars?

    • JennyLaFae@lemmy.blahaj.zone
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      3 days ago

      All those programs? A drop in the war bucket. We could have spent MORE on those programs healthcare and infrastructure, kept the tax breaks for billionaires and still have a bigger war bucket than the next few countries on the list.

  • osanna@lemmy.vg
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    4 days ago

    I love how doge cut funding to sooooo many things and yet the debt is higher than ever. They cut USAID. they kicked people off welfare. They cut people off Medicaid etc. and yet the debt is higher than ever. Fuck you dumpy and co

    • Tollana1234567@lemmy.today
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      4 days ago

      doge was designed to remove all investigations to musk,+ allow russia to access database and security right after.

    • absentbird@lemmy.world
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      4 days ago

      Doge delayed my dad’s cancer screening from being processed and he died.

      He was in the emergency room in early stage four when they called him to say they finally looked at the scans. If he’d received treatment when the cancer was first detected he would have had a pretty good shot at survival.

    • freddydunningkruger@lemmy.world
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      4 days ago

      And a big shout-out to the big brains who voted third-party or chose not to vote Kamala for ‘lol reasons’. You did that, too, take a bow!

    • Thebeardedsinglemalt@lemmy.world
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      3 days ago

      Where are all these stickers at the gas pumps now that donny the diddler fucked things up?

      Also worth noting just how “big brained” he is…if I’m not mistaken this picture is from when we were having a solar eclipse and he looked straight into the sun.

      • Valmond@lemmy.dbzer0.com
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        3 days ago

        You should all go and put them back up:

        Vote Donald, low gas prices and no forever wars! (I’ll release the Epstein files and resolve the Ukraine war in 24h!!). No old presidents!!

        You should hold him accountable. Not go with the news cycle.

    • BlackLaZoR@lemmy.world
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      4 days ago

      Not really. Debt to GDP was alredy over 100% when he took office. He did make it worse but it’s not like it wasn’t fault of every president since multiple decades

  • StarryPhoenix97@lemmy.world
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    3 days ago

    I was going to make some joke, but instead I’m just going to talk about being heartbroken.

    Because if, by some miracle, we get more anti-establishment elected officials in 2028, their policies would most assuredly destroy the country. Not because those policies are bad, but because the safety nets that would have absorbed the market shock were destroyed by this administration.

    • WraithGear@lemmy.world
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      3 days ago

      better now then the future, just like they would have been better even earlier, but thems the breaks

      • hansolo@lemmy.today
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        4 days ago

        Technically correct. We hit 100% debt/GDP ratio in 2012. This headline is intended to manipulate you into thinking something that happened over a decade ago just happened.

        We actually crossed 125% under Trump in 2020.

          • SunshineJogger@feddit.org
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            4 days ago

            Absolutely nobody is perfect and still almost everyone would be better as president than trump or his buddies.

            • Ensign_Crab@lemmy.worldBanned from community
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              4 days ago

              NO ONE SAID TRUMP WAS BETTER.

              You never want democrats to do anything but get worse and lose.

              • SunshineJogger@feddit.org
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                4 days ago

                I’m not American. I don’t really care about the broken two party rubbish they have.

                I just want America to stop messing up so many things that make the whole world worse than it already is.

                • Ensign_Crab@lemmy.worldBanned from community
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                  4 days ago

                  So do I. But we can’t do that with one fascist party and one party that keeps appeasing fascists and losing.

                  So “at least they’re second worst to trump now never criticize them” isn’t helpful.

          • Eugene V. Debs' Ghost@lemmy.dbzer0.com
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            3 days ago

            Democrats vote for the bills but are innocent

            Democrats don’t fix it when in office but are still innocent

            And if you have a memory longer than a good fish you’re a paid actor.

  • Kazumara@discuss.tchncs.de
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    4 days ago

    The debt is high as balls of course, but really there is no specific significance to reaching the level of the GDP of one year. You could just as well say it has reached 400% of the quarterly GDP or 33% of the three year GDP.

    Personally I’m more worried about concrete numbers like the cost of servicing the debt yearly. That has reached 17% of your yearly budget by now.

    • FatherPeanut@pawb.social
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      3 days ago

      A metric a lot of things experts tend to rely on is the debt-to-GDP ratio. The idea being that you can have an insane debt, but if your economic output is also insane, you’ll be able to pay it off easier than a lesser economy. The US’ is currently at 120%-ish as of earlier this year. Notable examples to pull from seem to be Greece, and how they defaulted from their debt spiral after failing a repayment (ratio: 180%), and Japan, which I believe currently holds the largest Debt-to-GDP ratio (238%-ish).

      Edit: interjecting my thoughts that nobody asked for, is that debt seems like a weird unknown in the economic media I see. Like, growing a significant debt is bad, but it oftentimes is used on infrastructure that you can’t just un-build, like what you can with a debt. When a country that did so defaults, I know there’s studies into it, but it almost seems terribly underreported on. So much so that I can’t say I’d know how things will unfold, especially with an economy of the US’ importance.

      Edit: also yeah, I’m saying the included image/article/whatever in the post is wrong. We surpassed that in 2013.

    • Valmond@lemmy.dbzer0.com
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      3 days ago

      Every American, babies to retire owe like $100.000 (napkin math, IIRC it’s even more) if you split up the debt.

      I’d start thinking about that if I were an economist over there. Or a politician. Someone is going to have a huge, huuge, leverage over the usa til you fix that.

  • SnarkoPolo@lemmy.world
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    4 days ago

    This is intentional. Crash the economy, then use that as an excuse to shutter every social program and public good. In ride the corporations on their white horse to offer us those same services, for a price. Can’t afford the new prices for using the highway, fire protection, your kid’s school? No problem, just sign here and your great-grandkids will still be down your debt.

    • Thebeardedsinglemalt@lemmy.world
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      4 days ago

      This is the little asterisk next to “republicans was small government*”

      *cut the government agencies who exist to work within a budget and replace them with private companies who exist solely to generate profit…that they use to pay us.

      • vaultdweller013@sh.itjust.works
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        4 days ago

        I still think the funniest thing about the Vance edits is that they look more normal than the real thing. Don’t know how or why but the fucker lost the phenotype roulette and just looks surreal.

          • vaultdweller013@sh.itjust.works
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            4 days ago

            I think I figured it out, his head or at least face is too babyish. I don’t know if it’s because he’s had work done or if he is just unlucky but his eyes up are normal ish but below his eyes are weirdly rounded. The edits often unify the rounding of his face resulting in him not looking so weird.

            Though his head shape as a whole is kinda off regardless I think it’s the weird assymetrical nature of his face that causes the surreal look.

  • Mulligrubs@lemmy.world
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    3 days ago

    If only The FED would print more money and fix everything! Please save us, Fed, from the money

    p.s. the fed are all bankers who work for private banking, before and after their fed “term”.