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28 Kommentare
Seems like a great position from which to launch an optional war
I miss the time when republicans used to talk about $37 trillions debt.
Quick! Cut the taxes of the 1%!
Accomplished all of that in his first year back.
Project 2025 wants a weak dollar. They’re going to get it.
The cost of war.
The article says that Congress has lost control of the finances. It is more like they just handed it over to the executive branch and stopped thinking about it.
„The Treasury just declared the U.S. insolvent. The media missed it“ And, Fortune still doesn’t understand how fed finances work. There’s a reason why „The media missed it.“ There’s no there, there.
Awesome, so he’s running America _exactly_ like his businesses
> First, Congress should pass the bipartisan H.R. 3289 — Fiscal Commission Act, sponsored by Rep. Bill Huizenga (R-MI), Rep. Scott Peters (D-CA), and 41 co-sponsors. Such a commission would force a public reckoning with the facts, the trade-offs, and the hard choices that restoring fiscal health requires.
> Second, Congress should call an Article V Convention limited to proposing a fiscal responsibility amendment to the U.S. Constitution. H.Con.Res. 15, sponsored by Rep. Jodey Arrington (R-TX), would do exactly that.
Yeah, sure, let’s call a constitutional convention so that Republicans can fix the debt. I see no risk here. /s
**The government did not declare the US insolvent.**
The writer did. And he makes that claim in a hypothetical by treating the US government as an individual household
„Most people cannot relate to trillion-dollar figures on a government ledger. So consider this: divide every number by 100 million — drop eight zeros — and federal finances look like a household budget in freefall.
That household earns $52,446 and spends $73,378 — running a $20,932 annual deficit. Its total liabilities and unfunded promises amount to $1,361,788 against just $60,554 in assets, leaving it $1.3 million in the hole. Uncle Sam, by any accounting standard, is insolvent.“
Current debt ($48T) is more than our GDP ($31T). That is alarming and hasn’t been the case since 1946. [Source](https://paulkrugman.substack.com/p/more-than-you-wanted-to-know-about-982)
We MUST stop letting republicans slash our revenues over and over and over for the filthy rich and corporate. The interest payments on this will spin out of control as our $ weakens further. And avoiding unnecessary one-man fucking WARS would help.
It is dangerous to allow a very few get rich enough to BUY a congress or a POTUS/SCOTUS. Just look at what these filthy rich twats are doing now!
Here’s some interesting information on our national debt and how we got to where we are (source: https://amarkfoundation.org/reports/u-s-presidents-and-the-federal-deficit/):
>By looking at the federal deficit or surplus based on fiscal year, the data in this report show all four Republican presidents since 1980, with our methodology, increased the federal deficit during their time in office: Ronald Reagan had a 94% increase, George H.W. Bush had a 67% increase, George W. Bush had a 1,204% increase, and Trump had a 317% increase.
>Both Democratic presidents since 1980 with completed terms decreased the federal deficit while in office: Bill Clinton had a 150% decrease to end his presidency with a federal surplus of $128 billion, and Barack Obama decreased the deficit by 53%. Joe Biden decreased the deficit by 50% in his first fiscal year, but his overall results are pending the end of his presidency.
Although many Republicans like to pride themselves as „fiscal conservatives“, they’re actually not. Republican administrations spend a lot more than Democrats, and they collect less revenue. I laugh whenever I hear someone who leans right start to criticize Democratic spending, because it just shows how uninformed they are.
Just imagine the news cycles if this happened on Biden’s watch.
Big 18th-19th century Spanish Empire vibes here
> The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.
If it’s just a straight balance sheet reading, the US has been insolvent for going on 50 years now.
The debt is unstable with minimum wage earners paying a higher percentage of their income vs. millionaires and billion dollar international companies. Any 8th grade economics lesson could have told you that at any point in the last 50 years. But tax cuts for billionaires is always more important to Republicans.
I heard so many people saying they wanted a business person running the country. I told them that’s the last thing we need. Businesses are motivated by profit. Now we have a business man profiting off of us.
It’s like critical thinking is dead.
Worst president ever. Worst Congress ever. Worst senate ever. Worst SCOTUS ever.
The media is effectively owned by Trump.
its incredible that the authors only response to the problem is another commission to study the nation’s finances and a debt control amendment. As if Congress has not been trying and failing to enact both of these things for the last 20 years.
What they aren’t saying is what no one wants to hear: that the ultra wealthy have looted our government in the form of tax breaks and corporate subsidies for decades and they alongside their puppets in the Republican party absolutely do not want to discuss the one solution to the crisis: increasing taxes on the ultra wealthy.
These horrible people will destroy the nation before they are forced to pay more in taxes.
America, welcome to the 7th Trump Org bankruptcy. This time he’s really outdone himself.
And just like that He has bankrupt the country
Obama was running for office one of the biggest talking points from the GOP was how “ democrats have run our national debt up to $2 trillion”
Both Clinton and Obama either completely eliminated or reduced national debt by the end of their term
But Trump is so smart, the best business man ever, of all time. And the tariffs.
Yeah this article is complete trash. It blames Congress and social security when it’s specificky Republicans and tax breaks for billionaires that are the cause.
And the US isn’t insolvent. Basically each American owes $110k. Now it’s not exactly fair divide it equally the gross national income isn’t a out 29 trillion, and to cover 40 trillion we need to pay two years income. alright. So every American takes out a loan for 2x their gross income including capital gains, and loans taken against capital to fund their lifestyle. let’s set that loan in the 50 year mortgage. Et viola we essentially have a new progressive tax structure. But really $10 trillion in debt isn’t a bad thing. So let’s actually cap it at 1x annual salary for most Americans and give yourself a really good interest rate.
But hey let Bezos and gate and Musk pay $50B+ in taxes every year. They have benefitted the most from the American structure let them pay the most. And they can still buy stupid expensive yachts and visit pedo islands because hey they won’t ever be on ished for it.
This is why you can’t compare government debt to household or business debt. Government debt in a certain amount is actually an asset. They’re public savings vehicle that are very risk adverse.
The oligarch-owned media didn’t miss it – they just don’t want to talk about it.
The debt did not just appear because of social programs. It is decades of tax cuts tilted toward the wealthy, expensive wars, and a political refusal to raise enough revenue. The same people sounding alarms about debt often supported those policies.
And every time this narrative shows up, the “solutions” seem to land in the same place: cut Social Security, cut Medicare, cut public spending. Austerity policies like these always hurt Americans,
If the goal is actually long term fiscal stability, there are obvious alternatives that rarely get equal attention. Raise taxes on top incomes and corporations. Go after healthcare costs, which are a huge driver of spending. Invest in things that grow the economy like infrastructure, housing, and clean energy. Reevaluate massive military spending.
The bigger issue is not just the size of the debt, it is inequality and political choices. Focusing only on debt without talking about who benefits and who pays just sets up another round of cuts to the social safety net while leaving the underlying problems untouched.
I hate when idiots say shit like this:
> That household earns $52,446 and spends $73,378 — running a $20,932 annual deficit. Its total liabilities and unfunded promises amount to $1,361,788 against just $60,554 in assets, leaving it $1.3 million in the hole. Uncle Sam, by any accounting standard, is insolvent.
There’s one huuuuuuuge difference when comparing household debt to US debt – the US prints money your household doesn’t.
The problem is *the reasons we’ve accumulated so much debt*. The neocons and neoliberals are going to blame all the wrong things. They’re going to blame granny’s meager social security payments and single mom’s SNAP benefits, they’re going to blame our attempts to heal the sick and feed the poor and *ignore the warmongering, the bloated billionaires, and the wanton corruption*.
It makes sense for the US government to run a deficit, that’s expected but WHY we run the deficit is the problem. If we ran the deficit to rebuild our crumbling infrastructure or refactor our fossil fuel energy consumption into green energy or otherwise *invest in things that grow our economy* vs *wage war and bloating billionaires* then the deficit would be manageable.