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[-] chunes@lemmy.world 8 points 2 days ago

National debt shouldn't be called debt. All it does is confuse idiots who think it's the same thing as their personal budget.

[-] HurlingDurling@lemmy.world 1 points 2 days ago

What should it be called then?

Just woke up and cannot think so I am asking honestly

[-] chunes@lemmy.world 3 points 2 days ago

Maybe something like sovereign accrued liability. Make it a snorefest, so it's harder for news publications to make clickbait out of it.

[-] return2ozma@lemmy.world 169 points 3 days ago
[-] switcheroo@lemmy.world 110 points 3 days ago

And not a peep out of the party of "fiscal responsibility".

Really says something about the Cons, doesn't it.

[-] Bronzebeard@lemmy.zip 35 points 3 days ago

Yeah they've been pushing that false narrative while being the reason we keep increasing our spending while also cutting revenue for DECADES.

[-] Fedizen@lemmy.world 19 points 2 days ago

Trumpflation returns. Its the biggest, most beautiful type of inflation where rich people get richer and everyone else pays more.

[-] RizzRustbolt@lemmy.world 57 points 3 days ago

We cut all those programs and jobs and the deficit still went up?

I wonder what happened to all that money they were saving by doing that?

[-] Suavevillain@lemmy.world 27 points 3 days ago

Then if Dems get in power suddenly Republicans will care about spending again. Everyone knows how this song and dance goes.

[-] Formfiller@lemmy.world 47 points 3 days ago

Let them eat cake

[-] Lushed_Lungfish@lemmy.ca 18 points 2 days ago

Why did no one warn us that a failure of a businessman would utterly fail at the business of running an economy?

[-] DupaCycki@lemmy.world 3 points 2 days ago

First a failed painter. Now a failed businessman. Who's gonna be next?

[-] prex@aussie.zone 1 points 2 days ago

I can bake a rubbish cake.

[-] AlexLost@lemmy.world 58 points 3 days ago

And you all got stimulus cheques this time too, right?! Right..?

[-] FahrenheitGhost@lemmy.world 26 points 3 days ago

I'm still living off the last one. I couldn't even imagine doubling such wealth.

[-] kibiz0r@midwest.social 8 points 3 days ago

$400 check, and $400k in PPP loans that I will totally repay (if I have to)

[-] PeacefulForest@lemmy.world 12 points 2 days ago

Anyway where are the Epstein files?

[-] floquant@lemmy.dbzer0.com 1 points 2 days ago

Ask your politicians not us

[-] BigBenis@lemmy.world 8 points 2 days ago

A Republican, the party of fiscal responsibility, ballooning the national debt to record numbers? Who could have seen that coming??

[-] ShaggySnacks@lemmy.myserv.one 34 points 3 days ago

Damn, those Republicans are great at managing the government's finances.*

*This a scarstic comment

[-] Jumi@lemmy.world 11 points 3 days ago

I'm sure you wanted to write sarcastic but I can imagine the happenings recently may have left some scars.

[-] _stranger_@lemmy.world 37 points 3 days ago

He was president during the pandemic

[-] d00phy@lemmy.world 35 points 3 days ago

BuT rEpuBliCaNs R BetR Fur ThE ecONomY!

[-] Bronzebeard@lemmy.zip 9 points 3 days ago

You'd have to go back to the 1800s for that to even have a chance at being slightly true.

[-] RustyShackleford@programming.dev 13 points 3 days ago

Eisenhower was a Republican and he used social programs to build the US interstate highway system and the infrastructure necessary for the predecessor to our modern airport infrastructure and space program.

The highest top marginal tax rate during Dwight D. Eisenhower's presidency (1953-1961) was 91%, which applied to the highest income bracket. (Note: In 1952 and 1953, the top rate was 92%, dropping to 91% for 1954–1963.)

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[-] TheDemonBuer@lemmy.world 41 points 3 days ago

Oh no, this train is not slowing down. It can't. In fact, it has to speed up. At least, the currency debasement has to speed up.

[-] Semi_Hemi_Demigod@lemmy.world 18 points 3 days ago

Currency debasement is a great way to kill an empire. I wholeheartedly endorse it.

[-] prole 13 points 3 days ago

Kill the American Empire, so the MAGA empire can rise. Just like Weimar

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[-] PalmTreeIsBestTree@lemmy.world 12 points 3 days ago

When does Great Depression 2.0 start?

[-] 4grams@lemmy.world 11 points 3 days ago

Been to the grocery store? I’d say it’s ramping up right on schedule.

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[-] kikutwo@lemmy.world 31 points 3 days ago

bIDeNs eCoNoMiE

[-] demizerone@lemmy.world 14 points 3 days ago

And you better believe of the Democrats gain power the Republicans will scream about the deficit until they are blue in the face and then do nothing. Worthless fucking Democrats.

[-] SereneSadie@lemmy.myserv.one 24 points 3 days ago

Oh shut the fuck up.

The nazis are literally terrorising people in their homes, gearing for war, and cooking the planet alive.

But no, gotta bitch about the Dems more.

Do us a fucking favour and remove yourself You literally bring nothing but a worthless drain on bandwidth at this point.

[-] pinheadednightmare@lemmy.world 21 points 3 days ago

He really needs to put something around his neck to cover up his neckitalia. It’s really disgusting

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[-] jaykrown@lemmy.world 15 points 3 days ago

Unstoppable debt spiral. Basically this, the more people come to realize it's never being paid back, the faster it will grow, and the faster it grows, the more people realize it's never being paid back. It doesn't really mean anything at this point.

[-] AA5B@lemmy.world 12 points 3 days ago

Even if that were true, you can’t escape the consequences

https://www.investopedia.com/ask/answers/061515/what-are-some-historic-examples-hyperinflation.asp#%3A%7E%3Atext=Hyperinflation+is+a+rapid+and%2Cits+currency+value+became+worthless.

Is the U.S. at Risk of Hyperinflation?

There would need to be a significant and highly unlikely drop in production and a massive increase in circulating currency for hyperinflation to occur in the U.S.

You my think that paragraph on the us is encouraging, but consider today’s reality

  • disruption caused by general tariffs government investments, and the government reneging on commitments is quite likely to cause a sudden drop in production. There is a lot of recession talk
  • the current administration is trying to force the federal reserve to effectively print money, create a massive increase in circulating currency by cutting interest rates, total Y the opposite of what you need to do to control inflation
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[-] rizzothesmall@sh.itjust.works 6 points 3 days ago

Is it great again yet?

[-] MrsDoyle@sh.itjust.works 4 points 2 days ago

Who actually owns this debt? Who is getting the interest payments? It seems like every country runs on some kind of deficit - where is all this money coming from?

[-] floquant@lemmy.dbzer0.com 1 points 2 days ago

Capitalism itself, pretty much

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this post was submitted on 23 Oct 2025
653 points (100.0% liked)

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