Are they now over 20 trillions in debt?
My esteemed congratulations to 1930’s history enthusiasts.
You’re about to relive it
Bigger shock is that somebody loaned him anything since his bankruptcies have been public knowledge for decades
so rather than just pay a tax like a socialist country would up front, US is now only just surviving on tariffing …which is paid … by their own people ….as a tax. On top of whatever tax you already pay ……while digging more deficits.
You know, I used to think that “our children will have to pay for it” only applied to the working class.
Now I’m wondering if the people in power recognize how this might end badly for their offspring. I hope it does.
There’s a 0% chance I’m going to slave away while some rich family’s children live like gods.
Man says he’ll never do the thing he’s been doing is whole adult life.
That’s what you think.
Overseen by man with significant history of refusing to repay loans.
Hahahahaha
Ah, Republicans. They make a huge deal about spending any time they are not in power and then spending like a drunk Sailor when in power.
Its a deliberate strategy they’ve used for the past 50 years. Its called the Two Santa’s Strategy.
Every accusation a confession
They say anything to get into power. Literally anything. None of it matters and they know it.
Just for the sake of argument: It’s possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that’s roughly $504 of finished product per barrel (@ $12/gal).
That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we’d be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.
But how much profit would that generate for shareholders? /s
wouldnt it be pretty expensive to bio-convert plants/animals into fuel. instead of just extracting it from the ground. and not even including extracting it from things like corn.
About $12/gallon. If you count the real cost of oil (forever wars, climate catastrophe), it’d be more than that. That’s my point.
Ah, your brain works like mine, it see the simple math everywhere.
That’s when we get into greenhouse effect, climate change, sea-level rise al brought to us by fossil fuels.
I just saw a study that said if Trump continued on at this rate, he will be responsible for 55% of the national debt. And that was BEFORE the Iran War.
When we get these psychopaths out, and start to rebuild, we already know that they’ll suddenly get fiscally conservative, and they’ll pretend to be concerned about spending.
When that happens, just take theirs away. THEY are responsible for the debt, so if it bothers them so much, they should be the ones to make the sacrifice to pay it back.
When we get these psychopaths out, and start to rebuild
Lmfao, I hope you’re not setting your calendars for 2 years from now.
Because that’s not gonna happen.
Republican administration completely fucks up the budget, leaves office with massive deficit
Democrat administration spends the next 4 years cleaning up that clusterfuck
GOP tells it’s dumbfuck base that it’s all the Dems fault that their 1996 Dodge Ram 3500 gets 8 mpg and they’re gonna fix everything
Dumbfuck republican voters fall for it, yet again, because they never passed the 9th grade and have been huffing diesel exhaust for the past 20 years
Dumbfuck masses rally and vote in another Republican administration
That cycle has gone on repeat over and over and over again for literally my entire lifetime. It’s all I know. That has been my experience with with the US government, for my whole life.
I’m tired, boss.
Dumbfucks will always dumbfuck. Trick is to get the voters who stayed home. The numbers I found with a quick search …
Trump won 49.8% of the popular vote.
Of the 65.3% of the eligible voters who voted.
Which means actually only 32.5% of Americans voted for him, in the sense of “could be arsed to get off the couch and cast a ballot”.
That’s an encouraging number to work with.
And the pendulum swings harder every time…
assume the dems are going to get in, given the recent events i dont see how some of them will get elected, with people like schumer/hakeems and the other dinos, NEWSOM is pretty unattractive right now . they are complicit to the GOP agenda, only AOC, bernie, and maybe some other is fighting it.
are people even going to remember what hakeem and schumer did in the next election, who they tried to shield when voting for the shutdown.
They already pretended to care about spending and then some guy called Big Balls helped Elon Musk harvest all our data
I hate how that is not even a little taken out of context or exaggerated.
remember russia hacked the moment doge got access to the SS/ and other data.
Link to study please please please
I kinda suspect that debts to people and companies within the US would mostly get erased. Because at the end of the day, money is a fictional thing we invented to make it easier to conduct trade. Odds are that we would take away the real valuables from the former elites - their buildings, land, assets, and finding jobs for honest workers at places that don’t suck donkey.
We might be able to beg foreign nations to delay or restructure debts. Maybe. Depends on whether the diddler in chief presses the nuclear button.
Historically this is always solved through inflation. Always.
A billion here, a billion there, pretty soon you’re talking real money.
…but what about the bones?
They should be used for broth, not to sharpen the dentures of a senile old racist…
no wonder they had to slash all the departments, and not keep the extended subsidies for healthcare.
Good thing the fiscally responsible party is in power
Gotta spend money to make genocides
Damn … if only there was a department of government efficiency to stop insane and fiscally irresponsible shit like this.
Or … we need a branch of government that “controls the purse” so crazy spending like this doesnt happen.
Actually, we did all those things and now America is Great Again
Oh yeah! I forgot. Problem solved.
We’re not even as great as we were a week ago.
Sounds like there needs to be some sort of efficiency department set up
We can call it the Department of Grifting Everyone
Trump has never paid his bills a day in his life.
He fucked over his own chauffeur, and thousands of his contractors and employees. He’s declared bankruptcy something like eight times, leaving investors with nothing. He’s gone to court over a thousand times; no other real estate developer has these problems. Interestingly, his mentor was Roy Cohn, who had the same issue of skipping bills (coincidentally I am sure).
So, long story short for libbies, Trump will buy a company named “American Fury MAGA USA Friends” and transfer all the country’s debt to it, and THEN that company will declare a new feature he’s devised, called “Supreme Bankruptcy” which cannot be overturned by the Supreme Court because it’s Supreme, too.
Problem solved, in your face commies
…
Related to this problem, our entire country’s financial system is based on debt; we don’t even control our own money. The FED is controlled by select appointed bankers, who practically all work for banks or are on the boards of banks and investment firms before and after their appointed terms.
The dollar is worth less every year for a reason, it’s called profiteering. It’s designed to collapse; with each collapse these same interests buy everything once prices are tanked. Then, they start the process again. Every year it gets exponentially worse because math is mean.
They don’t even hide it.
https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm
The best way to make money in that country is to steal.
his bankruptcies are intentional to allow russia to money laundering through his properties. he also somehow ousted MARY TRUMP of the will of his parents too.
