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.
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?
Let them eat cake
Damn, those Republicans are great at managing the government’s finances.*
*This a scarstic comment
I’m sure you wanted to write sarcastic but I can imagine the happenings recently may have left some scars.
Trump loves debt
Especially when someone else has to pay for it
And not a peep out of the party of “fiscal responsibility”.
Really says something about the Cons, doesn’t it.
Yeah they’ve been pushing that false narrative while being the reason we keep increasing our spending while also cutting revenue for DECADES.
He was president during the pandemic
BuT rEpuBliCaNs R BetR Fur ThE ecONomY!
You’d have to go back to the 1800s for that to even have a chance at being slightly true.
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.)
Good At Bizness
And you all got stimulus cheques this time too, right?! Right…?
I’m still living off the last one. I couldn’t even imagine doubling such wealth.
$400 check, and $400k in PPP loans that I will totally repay (if I have to)
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.
Currency debasement is a great way to kill an empire. I wholeheartedly endorse it.
As much is it wouldn’t be fun to live through, it’s good in the long term
Kill the American Empire, so the MAGA empire can rise. Just like Weimar
And then China, Western Europe, and Russia invade the United States after it initiates massive, aggressive wars to bolster its flailing economy?
And then both sides launch nuclear weapons to end it all?
Is this the accelerationist argument?
When this baby hits 88 you’re gonna see some serious shit
He really needs to put something around his neck to cover up his neckitalia. It’s really disgusting
That’s where the Russian dick is Putin
bIDeNs eCoNoMiE
Oh don’t worry, this administration will make sure we beat the previous record with a new pandemic.
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.
Even if that were true, you can’t escape the consequences
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
We can’t completely escape the consequences, but they can be mitigated. I don’t have a lot to lose. I don’t benefit from a 401k or social security. There’s a reason why investors are flocking to gold.
Something that needs to change is how real estate is seen as an investment. It has broken the quality of life increase in the US by gatekeeping real estate, drastically increasing cost of living, while building nothing new to preserve investment. When you make housing an investment, it becomes in your best interest to stop building more to reduce supply and preserve value.
Hyperinflation would be so cool. I would pay off my student loans for the price of a dozen eggs
Surely there’d be no other downsides
But yeah inflation outpacing interest is mostly good for the borrower.
