@AverageJoe1 saidKinda sad that House Republicans agreed to call the monstrosity such a childish name just because the emotionally stunted temporary resident of the White House insisted.
Trump ......UN -humiliated! Thankyou, Trump. Check me out today, I will be busy!!
CBO says it will be a net add of $3 trillion to the deficit; remember that right wingers next time you feel the need to complain about the size of the Federal debt.
@no1marauder said$3 trillion MORE deficit spending in addition to the $1.9 trillion annually they were already planning to overspend.
Kinda sad that House Republicans agreed to call the monstrosity such a childish name just because the emotionally stunted temporary resident of the White House insisted.
CBO says it will be a net add of $3 trillion to the deficit; remember that right wingers next time you feel the need to complain about the size of the Federal debt.
Horrifying. No wonder the credit agencies are downgrading their faith in US governments ability to pay back this debt.
@AverageJoe1 saidIt has not passed in the Senate dumb ass.; only the house.
Trump ......UN -humiliated! Thankyou, Trump. Check me out today, I will be busy!!
@no1marauder said“If something’s beautiful, you don’t do it after midnight." - Thomas Massie
Kinda sad that House Republicans agreed to call the monstrosity such a childish name just because the emotionally stunted temporary resident of the White House insisted.
CBO says it will be a net add of $3 trillion to the deficit; remember that right wingers next time you feel the need to complain about the size of the Federal debt.
The uniparty continues to suck.
@wildgrass saidPlease tell me you don't put any stock in these "credit agencies" after they kept calling junk mortgage securities AAA right up until the day they went bust.
$3 trillion MORE deficit spending in addition to the $1.9 trillion annually they were already planning to overspend.
Horrifying. No wonder the credit agencies are downgrading their faith in US governments ability to pay back this debt.
The US will be able to pay back its debts as long as it's the de facto holder of World hegemony. When you fix the currencies, you can basically do whatever you like.
After that, screw it. If we were Greece, we'd have to implement austerity measures to frighten the Gods.
And Democrats are no better (worse in some ways, as at least Republicans' incompetence is mainly about letting people keep too much of their own money).
Long story short, have your passport ready. I hear Iceland is nice this time of year.
@KingDavid403 saidThe House was the hard part. The Senate will pass it with minor modifications and they'll ram it through via reconciliation.
It has not passed in the Senate dumb ass.; only the house.
Then a nice June signing ceremony in the rose garden.
Ka-CHING!
@sh76 said"So I'll take the money, I guess."
I'm just waiting for them to cancel taxes all together.
Dumb bill. Dumb idea. Incompetent economics.
But, by jove, this is gonna save me some bucks.
I've given up on either party knowing what the F it's doing.
So I'll take the money, I guess.
you will be paying for that later
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@sh76 saidThe interest payment alone is over $1 trillion. The debt to GDP ratio is 124% and is increasing and has no end in sight. Before the beauty bill it was projected to hit 135% and now probably much higher. The US (and specifically Republicans) have not expressed any interest in paying debts.
Please tell me you don't put any stock in these "credit agencies" after they kept calling junk mortgage securities AAA right up until the day they went bust.
The US will be able to pay back its debts as long as it's the de facto holder of World hegemony. When you fix the currencies, you can basically do whatever you like.
After that, screw it. If we were Greece, we'd have ...[text shortened]... own money).
Long story short, have your passport ready. I hear Iceland is nice this time of year.
Democrats are better on debt and deficit. They at least try to pay for stuff, and enact policies that decrease deficit spending while they are in charge.
@wildgrass saidMarginally better, perhaps (which is not saying much).
The interest payment alone is over $1 trillion. The debt to GDP ratio is 124% and is increasing and has no end in sight. Before the beauty bill it was projected to hit 135% and now probably much higher. The US (and specifically Republicans) have not expressed any interest in paying debts.
Democrats are better on debt and deficit. They at least try to pay for stuff, and enact policies that decrease deficit spending while they are in charge.
Biden's injecting trillions of deficit spending into an already hot economy after covid was over, leading to years of runaway inflation, puts Dems is a tough position to take the moral high ground here.
This is not "whataboutism" The bill sucks. Trump sucks. No dispute.
But Dems are almost equally dumb on this issue and much dumber on many other issues.
So, no, I'm not pining for a Kamala or Gavin in the WH.
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@sh76 saidThat's a BS narrative. There was worldwide inflation after COVID and it didn't matter what government policies were followed in the "First World" countries.
Marginally better, perhaps (which is not saying much).
Biden's injecting trillions of deficit spending into an already hot economy after covid was over, leading to years of runaway inflation, puts Dems is a tough position to take the moral high ground here.
This is not "whataboutism" The bill sucks. Trump sucks. No dispute.
But Dems are almost equally dumb on this issue and much dumber on many other issues.
So, no, I'm not pining for a Kamala or Gavin in the WH.
https://www.pewresearch.org/short-reads/2022/06/15/in-the-u-s-and-around-the-world-inflation-is-high-and-getting-higher/
That the Democrats did a miserable job explaining this was a political failure not an economic one.
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@sh76 saidMarginally better is not accurate. We have 45 years of actual data since Reagan took office.
Marginally better, perhaps (which is not saying much).
Biden's injecting trillions of deficit spending into an already hot economy after covid was over, leading to years of runaway inflation, puts Dems is a tough position to take the moral high ground here.
This is not "whataboutism" The bill sucks. Trump sucks. No dispute.
But Dems are almost equally dumb on this issue and much dumber on many other issues.
So, no, I'm not pining for a Kamala or Gavin in the WH.
Reagan took the deficit from 70 billion to 175 billion. We roundly criticized him for that at the time, on the conservative side of the aisle. Then Bush 41 took it to 300 billion. Clinton got it to zero. It was around this time that Republicans stopped caring about keeping federal debt under control. Because... Bush 43 took the deficit number from from 0 to 1.2 trillion. Obama halved it to 600 billion. Trump got it back to a trillion, BEFORE COVID.
Also, saying Biden caused inflation is ridiculous propaganda. He passed one bill. In the 6 months before he took office, much more spending was cleared in Congress and signed by Trump (remember those checks signed by Trump? You think those didn't contribute to inflation?). The inflation was also global, so pinning the whole of US inflation numbers on one bill signed by one senile old man is insanity.