The only time we talk about debt is when a republiQan administration is in office. That’s when the debt explodes. A dem admin fixes it, and repeat
this post was submitted on 20 May 2025
108 points (95.8% liked)
politics
23594 readers
3306 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
And republiQans blame the democrats for their incompetence and claim themselves as the financially responsible ones. Every few months they repeat the same tired argument so their base can be mad at someone else for the problems they caused
Same in Canada, if we look at the federal and provincial governments the party that has run the smallest % of deficits is the NDP, which is center left.
As if it costs less to offer universal social services instead of waiting for shit to get worse before getting involved!
Clinton had a budget surplus, then Bush put us in 20 year wars and completely fucked it up. He also cut taxes which made it worse, and crashed the economy. Trump also cut taxes and fucked it up worse.
Even Trump agrees!
.https://www.youtube.com/shorts/_k2og1ZmZhw
No one has ever "fixed" the us debt in the past 20 years or more.
It's just the US is the main military super power, so no one is about to call them on it.
No, but the deficit has periodically been eliminated. You can't fix the debt by running a surplus for a couple of years and then slashing taxes / raising spending again.
.... and when I compare it credit card debt ... everyone usually jumps on me to say that you can't compare national debts to a person and his credit card.
I've always said it and I will continue saying it .... this like someone with a credit card applying for another credit card to pay off the first one ... and they keep doing that for 60 years.
When a person does that, they're called irresponsible .... when a country does it, it's called economics
Getting a loan for something that will pay off more than the loan interest isn’t a new idea.
If I buy a cotton candy machine and make more than enough to pay off the interest buy selling cotton candy then it’s economically sound.
That’s how the us debt works.
Among individuals, Warren Buffett, through his company Berkshire Hathaway, is the single largest non-government holder of US Treasury bills, valued at $314bn.
😤
Who wrote that drivel?
As an individual...through his company
So, NOT as an individual, since that is other people's money, not all his. Berkshire is publicly traded.
That also means that Berkshire Hathaway is largest private investor in American interests.