but ... America is broke. This is not merely some journalist's opinion. It's official, drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025.
excerpt:
total federal obligations would now exceed $136.2 trillion — roughly five times U.S. annual GDP.
...
Congress has clearly lost control of the nation’s finances. America is facing a fiscal catastrophe. The reckoning, long deferred, is becoming impossible to ignore.
end quote
Source:
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/
date march 23d.
The rest of the article is grim reading, and this cannot be blamed on Biden. This level of debt-spending was accumulated over many presidencies (NOT, one should note, under Bill Clinton, who left office with a balanced budget), but has notably accelerated under Trump.
The idea that tax cuts for the rich will 'grow' the economy out of this is balderdash. Tax cuts for the rich never trickle down; only the rich get richer from tax cuts for the rich.
@moonbus saidThis is why the US cannot ever hope to keep up with the Chinese, and is a has-been power that is rapidly waning.
but ... America is broke. This is not merely some journalist's opinion. It's official, drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025.
excerpt:
total federal obligations would now exceed $136.2 trillion — roughly five times U.S. annual GDP.
...
Congress has clearly lost control of the nation’s ...[text shortened]... dash. Tax cuts for the rich never trickle down; only the rich get richer from tax cuts for the rich.
this is not a problem
not at all
what we gotta do, and relatively soon, is find a group of folks we can blame
it won't matter who, or what ethnic group they be, we blame them
we figure out what they like to eat, and then vilify that food and their insistence upon eating that food
we find out if they like tattoos, or dysentery or ebola and blame that for the financial crisis
do they wear certain colored clothes? or sneakers with a swoosh?
THAT'S the reason we be broke
they're eating the dogs!
they're eating the cats!
they don't even speak engerlish
if we cannot make them be slaves, THAT'S the reason we be broke
hang on, gotta write another check to bezos and the first church of idiocracy
@moonbus saidWell, there are many nations that owe the USA money, and lots of it. Things like this are not added in our debt equation; among other things.
but ... America is broke. This is not merely some journalist's opinion. It's official, drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025.
excerpt:
total federal obligations would now exceed $136.2 trillion — roughly five times U.S. annual GDP.
...
Congress has clearly lost control of the nation’s ...[text shortened]... dash. Tax cuts for the rich never trickle down; only the rich get richer from tax cuts for the rich.
I agree that we need to spend much less money on our now "Department Of War;" among some other things. This is what happens when one lives on credit.
The idea that tax cuts for the rich will 'grow' the economy out of this is balderdash. Tax cuts for the rich never trickle down; only the rich get richer from tax cuts for the rich.
I agree 100%!
@Soothfast saidHow does your country rate in the big leagues, Soothfast. Not a word in your headers evidencing your country or a scintilla of pride. Ain't telling. Did we catch you admiring our moon venture? See if Netherlands or Romania are in the race? Is yours in the race? You are, after all ,suggesting that there is a race.
This is why the US cannot ever hope to keep up with the Chinese, and is a has-been power that is rapidly waning.
Who is winning the race? China? Could you get us a Marauder-link on that ?
@rookie54 saidWe all know exactly who they are: stupid White cis-males.
this is not a problem
not at all
what we gotta do, and relatively soon, is find a group of folks we can blame
it won't matter who, or what ethnic group they be, we blame them
we figure out what they like to eat, and then vilify that food and their insistence upon eating that food
we find out if they like tattoos, or dysentery or ebola and blame that for the financial cr ...[text shortened]... reason we be broke
hang on, gotta write another check to bezos and the first church of idiocracy
We also all know what they eat: Soilent Green.
@Soothfast saidChina has already surpassed America--they're just too demure to boast about it.
This is why the US cannot ever hope to keep up with the Chinese, and is a has-been power that is rapidly waning.
@moonbus saidWe've known this since Reagan.
The idea that tax cuts for the rich will 'grow' the economy out of this is balderdash. Tax cuts for the rich never trickle down; only the rich get richer from tax cuts for the rich.
But the Republican fanbois keep trying to gaslight us that Republican presidents are the best presidents. Remarkable thing is, they've been mostly successful. But that is because the Republican rank and file only hear what they want to hear.
@AverageJoe1 saidHis country cares far more about its people than America does.
How does your country rate in the big leagues, Soothfast. Not a word in your headers evidencing your country or a scintilla of pride. Ain't telling. Did we catch you admiring our moon venture? See if Netherlands or Romania are in the race? Is yours in the race? You are, after all ,suggesting that there is a race.
Who is winning the race? China? Could you get us a Marauder-link on that ?
Everything else you said is just insane bluster.
But we're used to that.
EDIT: I missed the thread path. I thought you were talking to moonbus.
@AverageJoe1 saidSo you just popped off without knowing what country you were talking about?
What country is that? I just did a UK comparison, (the rich treatise thread) let's do Soothfast's
What a moroon.
We're onto you, man.
Just STFU before you're too far behind, k?
" let's do Soothfast's "
You do that, you haven't made a big enough fool of yourself in this thread yet.
@Suzianne said?? He does not list his country. 3 clicks from the top, he disparages the USA. So I ask from whence he hails, so we can just see about all this. Are you upset?
So you just popped off without knowing what country you were talking about?
What a moroon.
We're onto you, man.
Just STFU before you're too far behind, k?
" let's do Soothfast's "
You do that, you haven't made a big enough fool of yourself in this thread yet.