• Eddbopkins@lemmy.world
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    10 hours ago

    Well that cant be good for the budget. I wonder why. The conservatives aren’t outraged by this. Because they are a Bunch of two faced hypocritical assholes that why.

  • rose56@lemmy.zip
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    11 hours ago

    It’s not like the USA economy is bad, and now it’s dead, but dead dead.

  • Reygle@lemmy.world
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    1 day ago

    As a solitary meat popsicle with limited understanding of fucked up shit, at what “level” of fucked up shit is the US finally and officially “perma-fucked”?
    Every time my meat popsicle brain thinks “That’s probably the last straw” they find thousands more straws somewhere AND I DON’T GET IT.

    • TeddE@lemmy.world
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      1 day ago

      That was back at the moment when Trump threw around enough tariffs to make countries with longstanding enmity sign direct trade deals with each other, cutting us out as the middleman. Those will never, ever come back (they were mostly forged in the wake of WWII, when the US had the only functional economy)

      As for when we’ll see it? I think we have a “oh shit” world stage moment if the US tries to attack Greenland, as Denmark will then have to defend - and then by chain of treaties WWIII kicks off.

      If we avoid that fate somehow, then there probably won’t be a specific moment - the US will over twenty or so years just slowly collapse in on itself and other countries will quietly start ignoring US while publicly paying lip service. … - There will probably be an event when we publicly can’t afford the giant military we have which will be an existential crisis for a news cycle.

      That’s my attempt to read the tea leaves in the crystal ball.

  • Passerby6497@lemmy.world
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    1 day ago

    Oh man, this must be that FiScAl ReSpOnSiBiLiTy I keep hearing about from the reich right

    • explodicle@sh.itjust.works
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      1 day ago

      Even years ago, you could tell how honest the Tea Party people were by asking if they’d defund the police or military.

  • technocrit@lemmy.dbzer0.com
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    1 day ago

    Uggg this old trope.

    It’s not really “borrowing” when they print the money.

    It’s just another wealth transfer from the poor to the extremely privileged.

    • lbfgs@programming.dev
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      1 day ago

      M2 money supply actually had not increased for a while and only recently surpassed the previous peak in 2022. Meanwhile US debt and debt to GDP ratio increased modestly (and is in fact down from the COVID era peak ‘thanks’ to inflation) meaning that it’s mostly the treasuries market that was funding the new debt (i.e. borrowing)

  • zebidiah@lemmy.ca
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    1 day ago

    i’m starting to worry if lisa will actually be able to fix all this after he’s gone… i do not have much confidence in secretary millhouse

  • Smoogs@lemmy.world
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    2 days ago

    so rather than just pay a tax like a socialist country would up front, US is now only just surviving on tariffing …which is paid … by their own people ….as a tax. On top of whatever tax you already pay ……while digging more deficits.

    • zebidiah@lemmy.ca
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      1 day ago

      all while essential services dry up and wither at every level of government…

    • kittykillinit@lemy.lol
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      1 day ago

      You know, I used to think that “our children will have to pay for it” only applied to the working class.

      Now I’m wondering if the people in power recognize how this might end badly for their offspring. I hope it does.

      There’s a 0% chance I’m going to slave away while some rich family’s children live like gods.

        • TronBronson@lemmy.world
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          1 day ago

          Not everyone got trapped in wage slavery, just the majority of you. Those of us who didn’t still care tho. We want you to have a drug dealers life style without having to sell drugs ❤️

          • nomy@lemmy.zip
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            1 day ago

            Unless you’re part of the owner class you’re a wage slave too comrade.

            Class consciousness is the only way out of this.

            • TronBronson@lemmy.world
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              1 day ago

              I mean what’s the owner class? I own my house and my car. I own my own farm and water. I farm my own food/tobacco/pot. I own assets and participate in capital markets. I have never earned a wage from a capitalist so idk. We can have solidarity and want the same thing, but like I said not all of us are ‘wage slaves’. I used to have employees and none of them were wage slaves. All my employees paid off their college loans and bought houses, and still had disposable income to party.

  • Sam_Bass@lemmy.world
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    1 day ago

    Bigger shock is that somebody loaned him anything since his bankruptcies have been public knowledge for decades

    • TronBronson@lemmy.world
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      1 day ago

      It’s the federal reserve loaning the government money, there’s no way they’re paying for all this in bond auctions.

        • TronBronson@lemmy.world
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          1 day ago

          I mean ya he’s handing himself money and handing your grandchildren debt. They’ve been doing this around the clock since 2008. The government only exists to help billionaires steal your hard earned money.

            • TronBronson@lemmy.world
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              1 day ago

              None of us are which is funny as fuck, but one of us will be the last generation of old farts with no kids to take care of us.

              • P1k1e@lemmy.world
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                1 day ago

                It’s certainly on my mind. I figure, I’ll keep going as long as my wife’s alive, she’s worth the struggle. Once she’s gone, it may be time for a revolving cylinder style exit

                • TronBronson@lemmy.world
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                  11 hours ago

                  Oh there’s always another bright moment to look forward too. I’m sorry to hear about your wife, cherish the time you have.

                  -a depressed guy with a stick in his eye

  • MrSulu@lemmy.ml
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    2 days ago

    Overseen by man with significant history of refusing to repay loans.

  • opus86@lemmy.today
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    2 days ago

    Ah, Republicans. They make a huge deal about spending any time they are not in power and then spending like a drunk Sailor when in power.

  • BarneyPiccolo@lemmy.today
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    2 days ago

    I just saw a study that said if Trump continued on at this rate, he will be responsible for 55% of the national debt. And that was BEFORE the Iran War.

    When we get these psychopaths out, and start to rebuild, we already know that they’ll suddenly get fiscally conservative, and they’ll pretend to be concerned about spending.

    When that happens, just take theirs away. THEY are responsible for the debt, so if it bothers them so much, they should be the ones to make the sacrifice to pay it back.

    • RandallFlagg@lemmy.world
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      2 days ago

      Republican administration completely fucks up the budget, leaves office with massive deficit

      Democrat administration spends the next 4 years cleaning up that clusterfuck

      GOP tells it’s dumbfuck base that it’s all the Dems fault that their 1996 Dodge Ram 3500 gets 8 mpg and they’re gonna fix everything

      Dumbfuck republican voters fall for it, yet again, because they never passed the 9th grade and have been huffing diesel exhaust for the past 20 years

      Dumbfuck masses rally and vote in another Republican administration

      That cycle has gone on repeat over and over and over again for literally my entire lifetime. It’s all I know. That has been my experience with with the US government, for my whole life.

      I’m tired, boss.

      • duncan_bayne@lemmy.world
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        1 day ago

        Dumbfucks will always dumbfuck. Trick is to get the voters who stayed home. The numbers I found with a quick search …

        Trump won 49.8% of the popular vote.

        Of the 65.3% of the eligible voters who voted.

        Which means actually only 32.5% of Americans voted for him, in the sense of “could be arsed to get off the couch and cast a ballot”.

        That’s an encouraging number to work with.

      • Passerby6497@lemmy.world
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        1 day ago

        Maybe if more people showed up and voted instead of bitching about the choices available, we wouldn’t get a broligarch blowing republican in office every 4-8 years. Less than 70% of voters ever show up, so those of us who don’t show up are also responsible for letting the republicans win every other cycle or so.

      • Tollana1234567@lemmy.today
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        2 days ago

        assume the dems are going to get in, given the recent events i dont see how some of them will get elected, with people like schumer/hakeems and the other dinos, NEWSOM is pretty unattractive right now . they are complicit to the GOP agenda, only AOC, bernie, and maybe some other is fighting it.

        are people even going to remember what hakeem and schumer did in the next election, who they tried to shield when voting for the shutdown.

    • SabinStargem@lemmy.today
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      2 days ago

      I kinda suspect that debts to people and companies within the US would mostly get erased. Because at the end of the day, money is a fictional thing we invented to make it easier to conduct trade. Odds are that we would take away the real valuables from the former elites - their buildings, land, assets, and finding jobs for honest workers at places that don’t suck donkey.

      We might be able to beg foreign nations to delay or restructure debts. Maybe. Depends on whether the diddler in chief presses the nuclear button.