al_borland
2 hours ago
The budget and the debt are the two things I really care about and this administration has handled it horribly. The 25 years have all been bad, but at some point someone had to do something about it before it spirals out of control, right? It seems like we’re at the tipping point.
magicalhippo
2 hours ago
He is doing something about it, he's going to ensure inflation makes the debt really tiny. At least he's been pretty vocal about that.
bigbadfeline
6 minutes ago
> He is doing something about it, he's going to ensure inflation makes the debt really tiny. At least he's been pretty vocal about that.
That's 1/10nth of the story. The rest is that inflation is form of paying back the debt by way of regressive tax imposed on the poor with interest delivered to the rich.
verdverm
2 hours ago
As a real estate person, all he understands is debt based financing. It's also why he wants low interest rates, it's better for his forged accounting books.
ETTD is a thing for a reason, I'm trying to be optimistic (and civically active) that the country is an exception to this rule.
fuzzfactor
an hour ago
Not real, but "false estate" instead.
fuzzfactor
an hour ago
What do you expect when there's a gap between many of their ears that's the largest in 5 years too . . .
rayiner
an hour ago
Nobody will do anything about it. American politics runs on promising voters free stuff without higher taxes (“no taxes on tips”). Meanwhile, the people are innumerate. Half the country thinks you can balance the budget by cutting out “fraud and waste” and the other half thinks you can do it by “taxing billionaires.” Everyone is too ignorant about the world outside the U.S. to look at what middle class taxes look like in places like Sweden or France that offer all the social services they want here.
It’ll also keep getting worse as the country fractures into more and more blocs that can be kept together only through the promise of more free stuff that someone else will pay for.