No they are cutting people who dont matter. Ppl with no real power. I guarantee you if they start fcking with the money of people who matters, someone will come to talk to him. And when that dont work, sht will get real quick
DOGE is right about 1 thing: Gov overspending is RAMPANT
- Thread starter gho3st
- Start date
Tax rate for who? Most of my check goes to taxes.the real reason we are in debt is historically low taxes.....
but nobody wants to talk about that....
if you look at the history of the country.... we are at the lowest tax rates we have ever had....
so why do you still see politicians complaining about the tax rate...?
Let's talk about it shall wethe real reason we are in debt is historically low taxes.....
but nobody wants to talk about that....
if you look at the history of the country.... we are at the lowest tax rates we have ever had....
so why do you still see politicians complaining about the tax rate...?
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
www.propublica.org
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
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IIVI
Superstar
Called this out in the other thread.Let's talk about it shall we.
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
Republicans always go insane with the National Debt every time after a Democrat is elected.
Biden had the lowest debt increase percentage going back to JFK.
We’re about to see a debt increase so insane it’ll make Reagan’s run look like he was being financially stingy.
Now we get to deal with that and Reagonomics at once. My guess is maybe another $30 trillion after these four years?
This country has peaked in our lifetime. Those after us have such an insane task in front of them to clean it up.
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I've been telling people that this inflation were seeing now was gonna happen eventually.Let's talk about it shall we.
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
But covid sped up the process and the government was forced to spend more money increasing our national debt.
IIVI
Superstar
Look at the debt change every time a Republican takes office after a Democrat.
We’re coming off an all-time low by Biden going to be an all-time skyrocket by Trump.
x6~ debt increase from Carter to Reagan.
x4~ debt from Clinton to Bush.
shyt going to be a x20 from Biden to Trump callin dominos
We’re coming off an all-time low by Biden going to be an all-time skyrocket by Trump.
Look at the last column:
US Debt by President | Chart & Per President Deficit | Self.
Here’s how much each President has contributed to National Debt, including decisions, events and statistics.www.self.inc
Lowest total debt change % per president so far going back to JFK levels and people want to run this guy out:
President Year Debt At Start ($) Debt When Leaving Office ($) Debt Change Percentage Total Debt Change ($) Joe Biden 2021-present $28,428,918,570,048.60 $30,928,911,613,306.70 8.79% $2,499,993,043,258.10 Donald J. Trump 2017-2021 $20,244,900,016,053.50 $28,428,918,570,048.60 40.43% $8,184,018,553,995.10 Barack Obama 2009–2017 $11,909,829,003,511.70 $20,244,900,016,053.50 69.98% $8,335,071,012,541.80 George W. Bush 2001–2009 $5,807,463,412,200.06 $11,909,829,003,511.70 105.08% $6,102,365,591,311.64 William J. Clinton 1993–2001 $4,411,488,883,139.38 $5,807,463,412,200.06 31.64% $1,395,974,529,060.68 George H. W. Bush 1989–1993 $2,857,430,960,187.32 $4,411,488,883,139.38 54.39% $1,554,057,922,952.06 Ronald Reagan 1981–1989 $997,855,000,000.00 $2,857,430,960,187.32 186.36% $1,859,575,960,187.32 Jimmy Carter 1977–1981 $698,840,000,000.00 997,855,000,000.00 42.79% $299,015,000,000.00 Gerald Ford 1974–1977 $475,059,815,731.55 698,840,000,000.00 47.11% $223,780,184,268.45 Richard Nixon 1969–1974 $353,720,253,841.41 $475,059,815,731.55 34.30% $121,339,561,890.14 Lyndon Johnson 1963–1969 $305,859,632,996.41 $353,720,253,841.41 15.65% $47,860,620,845.00 John F. Kennedy 1961–1963 $288,970,938,610.05 $305,859,632,996.41 5.84% $16,888,694,386.36
x6~ debt increase from Carter to Reagan.
x4~ debt from Clinton to Bush.
shyt going to be a x20 from Biden to Trump callin dominos
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The problem is not overspending. The problem is under taxing the rich. This shyt show going on now is designed to extend tax cuts for the rich, aka greed.However Musk and Trump are not the people i would trust to do this.
this country makes way too much money for us to be debt. Where does all that money we make go???
bc if Musk was really serious about it he would go after military spending, gov contracts....i guarantee he would NOT live long to see the end of the year
so going after federal jobs is bs to me and papering over cracks
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ITo the fcking largest military on earth. Its big for no reason, and it never gets auditedWhere does all that money we make go???
Russia and china spending combined doesnt equal half our military budget
IIVI
Superstar
To the fcking largest military on earth. Russia and china soending combined doesnt equal half our military budget
Sad part a lot of that money is spent on maintaining bases and equipment around the world, not necessarily R&D either.
feelosofer
#ninergang
But they are not really cutting spending. It is an excuse to cut out the safety nets that give some quarter to minorities.
We are in dire need of a massive infrastructure overhaul. We should be investing more into education not less.
Cutting spending is just a smokescreen for what is really going on a foul marriage between the oligarchs and the new tech money.
We are in dire need of a massive infrastructure overhaul. We should be investing more into education not less.
Cutting spending is just a smokescreen for what is really going on a foul marriage between the oligarchs and the new tech money.
KingTut
Green diamonds like a dill pickle
There’s actually a term for this phenomenon. It’s called the Two Santas Strategy: The Two Santas Strategy: How the GOP has used an economic scam to manipulate Americans for 40 years | Milwaukee Independent
Eternal Tecate
Superstar
The debt everyone refers to is intergovernmental debt and has nothing to do with taxes
The debt is dollars held by foreign central banks. Almost all international trade between all countries is conducted with the dollar, most importantly the oil trade. When Europe buys oil from Saudi Arabia the transctioni is done in dollars.
The dollars held in foreign central bank accounts are not disadvantageous to America- they are the ultimate tool of US imperialism. When a country like China manufactures and sells so much shyt that they stack up a pile of dollars to the sky, they have no choice but to exchange those dollars for other things or other currencies, or park them somewhere. The place that makes the most sense to park them is in US Treasuries.
So every other country's central bank has a stack of dollars that they basically have no choice but to park in US Treasuries. This means that nearly all of the debt flows back into the United States.
The US has had the rest of the world enslaved by dollars since 1971, and especially since 1974 when Saudi Arabia agreed to the creation of the petro dollar.
Every other conversation about the national debt is a diversion from this phenomenon.
The debt is dollars held by foreign central banks. Almost all international trade between all countries is conducted with the dollar, most importantly the oil trade. When Europe buys oil from Saudi Arabia the transctioni is done in dollars.
The dollars held in foreign central bank accounts are not disadvantageous to America- they are the ultimate tool of US imperialism. When a country like China manufactures and sells so much shyt that they stack up a pile of dollars to the sky, they have no choice but to exchange those dollars for other things or other currencies, or park them somewhere. The place that makes the most sense to park them is in US Treasuries.
So every other country's central bank has a stack of dollars that they basically have no choice but to park in US Treasuries. This means that nearly all of the debt flows back into the United States.
The US has had the rest of the world enslaved by dollars since 1971, and especially since 1974 when Saudi Arabia agreed to the creation of the petro dollar.
Every other conversation about the national debt is a diversion from this phenomenon.
it all started with George Bush JrLook at the debt change every time a Republican takes office after a Democrat
We’re coming off an all-time low by Biden going to be an all-time skyrocket by Trump
x6~ from Carter to Reagan.
x4~ from Clinton to Bush.
shyt going to be a x20 from Biden to Trump
, Reagan and Sr before him
However Musk and Trump are not the people i would trust to do this.
this country makes way too much money for us to be debt. Where does all that money we make go???
bc if Musk was really serious about it he would go after military spending, gov contracts....i guarantee he would NOT live long to see the end of the year
so going after federal jobs is bs to me and papering over cracks
It is designed to hurt the poor and the middle class so that thr rich can extend their tax cut. The people that are going to get hurt the worse are poor and middle class White people, but their blind ignorance and racism will not allow them to see the play. Look at what the cuts to USAide is doing to White family farmers. Then you couple that with immigration raids and tariffs and they are clearly trying to force family farmers out of business and benefit corporate farmers.
Another thing is that Congress is looking to cut Medicaid spending by 20%. That is going to devastate poor White people and to show that he is a true a$$hole Trump repealed the Biden Executive Order that removed medical debt from credit reports. Trump and his minions know exactly who they are targeting and it is not only Black people.
