Seriously?
What idiot thought it would take a trillion years for the US to rack up $37 in debt?
Well, things like that happen when you throw money at billionaires instead of collecting taxes from them.
Fucking Democracts not paying the debt down.
I still waiting for the damn “trickle down economics“ that Reagan PROMISED!
It was ruled in court to be illegal in 1919 in the Dodge vs Ford lawsuit.
At the time, Ford himself wanted to: "My ambition is to employ still more men, to spread the benefits of this industrial system to the greatest possible number, to help them build up their lives and their homes. To do this we are putting the greatest share of our profits back in the business."
But shareholders (both Dodge brothers of the Dodge car company) sued against this and in the end the judge declared that: "A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end and does not extend to a change in the end itself, to the reduction of profits or to the nondistribution of profits among stockholders in order to devote them to other purposes."
Basically, if you attempted trickle down economics, you'd be "stealing" from the shareholders. Extra money is to be given to shareholders as dividends, not for boosting the pay of your employees if it doesn't involve adding more profits to the bottom line.
If America paid attention to its own history Reagan would be remembered as the worst president
There is really a lot of competition for that spot.
Second worst now, imo
Maybe third, Jackson was really fucking bad
An America that learns from Reagan would never have elected Trump
Yes, no argument here. I know Reagan holds a lot of responsibility for the prep, but i think trump is still worse
That's what a conman as leader of your country will get you. Fired half the government workforce, still spent more money than the last guy and he's only been in office for 6 months. It only goes down from here folks, hope you enjoyed the ride. This is your last stop.
I'm planning to leave tbh
Who thought it would take a trillion years for the debt to reach $37?
Actually, we thought it would take 1,000,000,000,010 years but it only took 10.
the title from Newsweek is so poorly written
The debt didn't reach $37 just a trillion years early?
I initially parsed it as "the US reached 37 billion years before..." like it was a sci-fi apocalyptic piece set in the far future
What happens when someone uses an entire country as collateral while stuffing their own pockets. Watch it happen, now!
Trump will be the first president under which a sovereign default will occur
At the rate the USD is declining against other currencies, I'd say it's going to happen before the midterm. His only hope for prolonging this is to replace Jerome Powell and bandaid it until it's someone else's problem. Or start a war.
I think he will go all in on a DOGEcoin, get rid of Powell, start a war with Mexico, Greenland, and Canada simultaneously, pull out of NATO, ally with Russia without getting anything in return, Nuke California, and try to assassinate Zohran the Destroyer.
It will be a shitshow, and EVERYBODY is on the stage.
trump is already considering opening up rare earth minerals in alaska to putin.
Classic republicans spending way too much. To them conservative = spend and waste more.
There's a world in which the US is carrying $37T, everyone lives in a spacious public condo, rides the UltraMax train around town to their 30 hour/week jobs or publicly financed doctor's appointments or state financed university classes or luxury public park and spa.
And I think that would be money well spent.
Shame we don't live in that country
"Sure, basically all available economic data suggests that society would become far more productive and stable if the neediest people were given enough stability to develop into contributing members of society, but if I don't see people I don't like suffering terribly then I will feel there is no right and wrong in the world and I might as well go have sex with a child like we all secretly want to." - social conservatives (actually)
Too self-aware
I'm waiting for the inevitable response executive order: "Nuh uh - Donald J Trump"
(And then all the Republicans clapped)
"Biiiiiiiiiiden's economy!?!"
"Hey... I found a dollar in the seat cushions!"
"TRUMP'S ECONOMY! TRUMP'S ECONOMYYY!!!"
"Let's run the country like a business!" Also, "let's cut our revenue by the most ever seen in history".
Our debt is going up! (surprised Pikachu face)
This is the liberals fault!
No business owner would voluntary cut their revenue. They're not businessmen, they're con artists turned tyrants.
Make America Grim Again
all he ever known is laundering russians for thier money, through his casinos, using investors money than bankrupting to avoid any lawsuits against himselfs, or drown the opposition(the sue-r in so much shit) they cant fight them anymore.
Buy gold, the U.S. dollar isn't going to be worth the paper it's printed on in a few years time.
“Conservative” fiscal “responsibility”
I hope foreign nations blacklist the American elite from migrating to their shores and owning anything in their territories. The wealthy are parasites that inevitably kill the host.
many of them are complicit in laundering money for them, swiss bank, malta?, destuche bank,,,etc.
Solution: sacrifice the richest people until their wealth adds up to $37 trillion and maybe a few more rich people just for extra security
The solution is to stop trading oil in USD then nobody will want it anymore
Does anyone have data about how much additional debt has been piled since Trump started second term?
The interest alone is $1 trillion every 100 days.
Fun times ahead
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