The longer your compound capital, the less you need luck and the more you need Shrewdness.
- Manlobbi
Halls of Shrewd'm / US Policy❤
No. of Recommendations: 12
Mad King Donald, the King of Debt has put U.S. Debt on pace to set a record high, going all the way back to 1790.
And that's without his Big Beautiful Bill. If Republicans pass their tax and spending megabill, the record will arrive even sooner — putting America’s debt at more than 113 percent of the size of its entire economy.
The United States hit its record debt level at the end of 1945, after a world war and the Great Depression.
That record, in which the debt was briefly larger than the size of the entire economy, is almost certain to be broken in the next several years. Estimates from the Congressional Budget Office published in January showed that the country was on track to overtake it in 2032 — and that was before the Republicans’ large tax and spending bill was taken into account.
Under the G.O.P. megabill being considered in the House, budget experts now say, the U.S. debt would blow past the record even sooner and climb significantly higher in coming decades.So the next time the republicans claim to be fiscal conservatives on the side of working Americans, out to cut the debt, tell them the truth: they're full of shit, they've always been full of shit, and they always will be full of shit. They only care about making the rich richer and the poor poorer.
https://www.nytimes.com/2025/05/20/upshot/record-d...
No. of Recommendations: 2
the trump tweet to rule them all may fail, but...
the # of gop needing their cut , and swing the bill, is small.
it's a bit of 'prisoners dilemma' vs 'grift inflation'.
No. of Recommendations: 7
Why would it be otherwise? Trump has bankrupted everything he has ever touched.
No. of Recommendations: 9
Trump has bankrupted everything he has ever touched.100%, and Trump is currently "touching" America...
Trump's $4 trillion deficit bomb:
"Trump's "big, beautiful bill" is projected to add trillions to the deficit over the next decade — rattling conservatives who have long warned that the U.S. is barreling toward fiscal catastrophe."
"This tax bill's enormity is being underplayed. It will cost more than the 2017 tax cuts, the pandemic CARES Act, Biden's stimulus, and the Inflation Reduction Act combined."
~Jessica Riedl, a budget specialist at the conservative Manhattan Institute.
But facts can be inconvenient, so feel free to ignore them if they make your head hurt.
https://www.axios.com/2025/05/21/trump-tax-cuts-bu...
No. of Recommendations: 13
"facts can be inconvenient, so feel free to ignore them if they make your head hurt"
The cognitive dissonance in Trump supporters is astounding.
Trump tells them he is going to extend tax cuts, and add new tax cuts. AND Trump tells them he will reduce and even get zero out the national debt. At the same time he asking for the debt ceiling to be raised by what, $4 Trillion ? Now why in the world would he need the debt ceiling
to be raised $4 Trillion if he was going to reduce the national debt ? Any person with half a brain has to know these are 2 very, very conflicting stories. But they don't care. They are
going down with the ship, and are more than willing to take the rest of us with them.
Very much the same story with the moral outrage MAGA is wailing about Biden not being
mentally sharp, and other people running the White House while he was President.
Trump is a much worse scatter brain than Biden ever was. Trump utters conflicting
bullshit statements and conclusions on a daily basis. Not a word about this from MAGA.
Trump on campaign trail " I know nothing about Project 2025". Trump as President, following
Project 2025 to a T. I heard Trump say gas is now selling for $1.99/gallon. Where I'm at,
it's about $2.90/gal. This is such an absolute lie from Trump, but MAGA just swallows it
up. But hey, tariffs are paid by China, not the US consumer, so as more money flows out of our pockets to buy basic stuff, just remember, we're all richer for it /LoL
No. of Recommendations: 1
feel free to ignore them if they make your head hurt.
It only hurts them when their BANK ACCOUNTS suffer major injury.
No. of Recommendations: 9
Trump is a much worse scatter brain than Biden ever was. Trump utters conflicting bullshit statements and conclusions on a daily basis. Not a word about this from MAGA. Trump on campaign trail " I know nothing about Project 2025". Trump as President, following Project 2025 to a T. I heard Trump say gas is now selling for $1.99/gallon. Where I'm at, it's about $2.90/gal. This is such an absolute lie from Trump, but MAGA just swallows it up.
And to top it off, my 2 year old granddaughter has been crying for a week because Trump told her she could only have 2 dolls and 5 pencils.
And Donny 2 Dolls, who holds the World’s record for filing bankruptcy, is telling Walmart how to run their business.
What could go wrong?
