'Murica! (281 Viewers)

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,501
That's 24 years ago. And I'm not sure we're talking about the same thing. The US debt has kept on increasing since forever and I doubt any president will change that. Nor I think it's possible.
Debt doesn't really matter as long as it looks like you pay up eventually, even if you pay with new debt.

Kind of sucks to have a record debt with a president arguably most famous for never paying his debts. That is a very real issue. How are the US getting money right now?

It's not through taxes. And they can't borrow.

Verstuurd vanaf mijn ONEPLUS A6003 met Tapatalk
 

Buy on AliExpress.com
Jun 17, 2011
32,116
That's 24 years ago. And I'm not sure we're talking about the same thing. The US debt has kept on increasing since forever and I doubt any president will change that. Nor I think it's possible.
Well with a budget surplus you shouldn't have to take on additional loans so there's no increase in principal, and the extra money can go towards paying additional debt.
 
Last edited:

Ronn

Senior Member
May 3, 2012
21,114

Bjerknes

"Top Economist"
Mar 16, 2004
117,240
PPI up 3.7% y/y, largest monthly jump in years, all due to the tariffs.

So much for the narrative that Trump was going to bring inflation under control. He was always going to make it worse, and the numbers back that.
 

Buck Fuddy

Lara Chedraoui fanboy
May 22, 2009
10,939
Debt doesn't really matter as long as it looks like you pay up eventually, even if you pay with new debt.

Kind of sucks to have a record debt with a president arguably most famous for never paying his debts. That is a very real issue. How are the US getting money right now?

It's not through taxes. And they can't borrow.

Verstuurd vanaf mijn ONEPLUS A6003 met Tapatalk
Haven't you heard?

Tariffs.
 

s4tch

Senior Member
Mar 23, 2015
34,980
Well with a budget surplus you shouldn't have to take on additional loans so there's no increase in principal, and the extra money can go towards paying additional debt.
i know what you mean, just a small clarification: you can run a deficit and still lower the debt by allocating some of your budget toward debt repayment

a good national/federal budget usually has a slight deficit. when you have a surplus, it means that you failed to spend all the available public resources on public purposes

- - - Updated - - -

add that to the revised climate reports seven mentioned and you truly have some orwellian shit going on

maga is cancer, no two ways about it
 

Bjerknes

"Top Economist"
Mar 16, 2004
117,240
How they intertwine themselves with all aspects of every day life is the exact opposite of what a "conservative" President would want to do. Then MAGA cries when they're called Nazis and Fascists.

There's no way back from this if half of the country seriously wants to be ruled by a dictator. It's over with.
 

Users Who Are Viewing This Thread (Users: 22, Guests: 221)