I know we got a lot going on with the whole fascism thing. But...
The rich are stealing your tax dollars. When the last Trump administration passed their giant tax cut, most of it went to wealthy Americans. Now you say, well, it's because those are the folks who PAY the taxes. That's fair to a point, but this misses the fact that the government was massively in debt at the time the tax cut was passed, and hundreds of billions in the red every year. The tax cut coincided with large increases in federal spending, leading to a tripling of deficit spending between years 2016 and 2019.
Who financed the government? Rich people did. They bought up the treasury bonds at 4.5% yield (it might go up to 6% this year). The government cut taxes, further enriching wealthy Americans but going into more severe debt, and the rich bought the debt which we owe back to them at 6%.
Deficit spending this year was $1.8 TRILLION. The interest payment on total debt is almost a trillion per year, paid back to "investors" them by Uncle Sam and your tax dollars. That's disgusting.
All of it caused by Republicans and their insistence that they can cut taxes without cutting spending.
I don't want to pay my taxes this year.
https://fortune.com/2026/01/15/national-debt-today-interest-payments-per-year/
@wildgrass saidI know I know...lets send africa $600 million for fuk rubbers
I know we got a lot going on with the whole fascism thing. But...
The rich are stealing your tax dollars. When the last Trump administration passed their giant tax cut, most of it went to wealthy Americans. Now you say, well, it's because those are the folks who PAY the taxes. That's fair to a point, but this misses the fact that the government was massively in debt at t ...[text shortened]... y taxes this year.
https://fortune.com/2026/01/15/national-debt-today-interest-payments-per-year/
@fornichessate saidWhat percentage of the budget is foreign aid?
@wildgrass
You never complain about foreign aid.
I would stop ALL foreign aid then clean house.
@Mott-The-Hoople saidIs that number accurate? I can't imagine that the entire worlds condom use is much larger than that. They only cost 50 cents each.
I know I know...lets send africa $600 million for fuk rubbers
Discretionary spending is a very small percentage of the overall budget. Even if you get rid of all of it, the government still runs a deficit.
@Mott-The-Hoople saidWhat's a bigger number?
I know I know...lets send africa $600 million for fuk rubbers
$600 million or $1 trillion?
Let's say your number is accurate and that is wasteful spending. I concede your point, but $600 million is 0.5% of the amount we pay every year to rich people just to finance our debt.
Edit: $5 billion is 0.5% of a trillion. So $500 million in condoms is only 0.05% of the debt financing number. A literal drop in the bucket.
@wildgrass saidIt's a 10 X exaggeration. https://www.reuters.com/fact-check/no-evidence-us-spent-50-million-condoms-gaza-2025-01-30/
What's a bigger number?
$600 million or $1 trillion?
Let's say your number is accurate and that is wasteful spending. I concede your point, but $600 million is 0.5% of the amount we pay every year to rich people just to finance our debt.
Plus the spending probably saved tens of thousands or more lives so it was hardly "wasteful".
@no1marauder saidLol. A 10x exaggeration. So Motts focused on a number that is 0.005% of the amount we pay to finance our debt.
It's a 10 X exaggeration. https://www.reuters.com/fact-check/no-evidence-us-spent-50-million-condoms-gaza-2025-01-30/
Plus the spending probably saved tens of thousands or more lives so it was hardly "wasteful".
@fornichessate saidWealthy owners of government debt are very happy to see you hyperfixate in a niche area of spending while ignoring the problem.
@wildgrass
You never complain about foreign aid.
I would stop ALL foreign aid then clean house.
Please ask your senator or congressman if they think it is responsible to keep passing massive spending bills that they know vastly exceeds tax revenue.
@wildgrass
You focused on debt during Trump's first term.
Then you took a 4 year break.
And now you're on it again.
Government debt? Yawn 🥱
@wildgrass saidBut, who Else would have bought up the treasury bonds? Rene Good? The guy that owns the local carpet installation business?.
I know we got a lot going on with the whole fascism thing. But...
The rich are stealing your tax dollars. When the last Trump administration passed their giant tax cut, most of it went to wealthy Americans. Now you say, well, it's because those are the folks who PAY the taxes. That's fair to a point, but this misses the fact that the government was massively in debt at t ...[text shortened]... y taxes this year.
https://fortune.com/2026/01/15/national-debt-today-interest-payments-per-year/
You imply that they should NOT have bought the bonds, a very healthy economic process. The buyers of the bonds are Lending Money to the government. The government says thank you very much.
So what would be our economic situation if those dollars had not flowed in from the billionaires that bought the bonds.
Standing by
@fornichessate saidThere's a fly on the ceiling better call in the B-2 bomber to take care of it.
Too much.
Anymore brain busters for me?
@fornichessate saidDeficits went up in Trump's term and down in Bidens. Now it's going back up.
@wildgrass
You focused on debt during Trump's first term.
Then you took a 4 year break.
And now you're on it again.
Government debt? Yawn 🥱
@wildgrass saidYeah, but $1 million here and a million there , and then throw in paying tuition and such, can mount up to billions of dollars. Like if you add up the millions and millions, it adds up to billions and billions….. why do you have to say that,,, it’s a given.
What's a bigger number?
$600 million or $1 trillion?
Let's say your number is accurate and that is wasteful spending. I concede your point, but $600 million is 0.5% of the amount we pay every year to rich people just to finance our debt.
Edit: $5 billion is 0.5% of a trillion. So $500 million in condoms is only 0.05% of the debt financing number. A literal drop in the bucket.
The liberal mind at work. Yeah nothing wrong with a few million here and there.? Jeesus