Just a reminder of which US political party has historically been the most fiscally responsible — in case you’ve forgotten. #USPol #USPolitics #politics #economy #NationalDebt #Deficit #TheDeficitMyth
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@Remittancegirl
During the #Carter Administration, War Bonds to pay for the Vietnam War came due and the national #Debt (not Deficit) increased $200B from $600B to $800B.
Ronald Reagan criticized Carter on the campaign trail for increasing the Debt by "a third".
By year six of the Reagan presidency, he had TRIPLED the #NationalDebt (from $800B to $2.4T.)
“The #nationaldebt, which exercises so many politicians and citizens, is actually the historical accumulation of #money spent by #government, not taxed back, and now a privately held #asset. Government red ink equals #privatesector black ink.” - #MarianaMazzucato
Bluesky SocialBluesky
#TFG #2020 #GuttedTheUS #NationalDebt
From today in 2020...And yet everyone fell for the culture wars AGAIN and put this asshole in office.
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Anyone else want policymakers to adopt #JessicaBRiedl's ideas to stabilize #USA's unsustainable #NationalDebt?
I knew #SocialSecurity and #Medicare were likely the lowest hanging fruit; I didn't know they pay out up to 3 times what seniors contribute.
https://freakonomics.com/podcast/ten-myths-about-the-u-s-tax-system
Trump Signs Order to Create a ‘Crypto Reserve,’ Adviser Says - The first-of-its-kind reserve would be anchored by a stash of Bitcoin the government alre... - https://www.nytimes.com/2025/03/06/technology/trump-crypto-reserve-executive-order.html #unitedstatespoliticsandgovernment #executiveordersandmemorandums #worldlibertyfinancial #bitcoin(currency) #nationaldebt(us) #virtualcurrency #trumpdonaldj #sacksdavido
The New York Times · Trump Signs Order to Create a ‘Crypto Reserve’
https://www.europesays.com/1892443/ DOGE alone can’t save the budget, but the budget does need saving #Budget #congress #CostCutting #defender #DepartmentOfGovernmentEfficiency #doge #ElonMusk #entitlement #Government #GovernmentEfficiency #medicare #Musk #NationalDebt #people #program #SocialSecurity #spending #trump #waste
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HERE COMES THE NEXT CON.
#DonTheCon... who promised & failed to balance the #budget and reduce the #NationalDebt during his first term (before EXPLODING the #Debt/#Deficit) is about to try & convince people that our Debt isn't really as big as people (you know: Accountants & Auditors) say it is due to fraud. #SuckersAndLosers #BornEveryMinute #TooStupidForPolitics
https://www.reuters.com/markets/us/trump-says-us-might-have-less-debt-than-thought-2025-02-09/
crypto bros out here proposing a "flywheel" mechanism by which Trump can use #TRUMP tokens to solve the national debt crisis...
at least he's clear eyed about the fact that bitcoin is really no different from #TrumpCoin...
A First-Day Trump Order: A Federal Stockpile of Bitcoin? - The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, ... - https://www.nytimes.com/2025/01/16/technology/trump-bitcoin-stockpile.html #unitedstatespoliticsandgovernment #computersandtheinternet #bitcoin(currency) #nationaldebt(us) #virtualcurrency #inaugurations #ripplelabsinc #lummiscynthia #trumpdonaldj #stockpiling
The New York Times · A First-Day Trump Order: A Federal Stockpile of Bitcoin?
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@Wileymiller @GottaLaff #GOP screaming about the #NationalDebt now enters its traditional silence during #Republican administrations. It will resume again if a Democrat is ever allowed to be elected POTUS again.
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(8/) #Obama turned "Dubya"s disastrous economy around and #Unemployment fell to 4.6% (down from 10.0% soon after taking over from Bush-43.)
When T**** managed to defeat #Hillary and took over as president, he made NO CHANGE to Obama's economic policies other than "cut #taxes" & "cut interest rates"… two things you do to goose a BAD economy.
The economy was hot, but his massive tax cuts caused the #Deficit & #NationalDebt to explode.
When #Covid crashed the economy, he was left w/no recourse.
(1/12) ONE OF THE BENEFITS OF BEING AN OLDER VOTER is that we've witnessed the arc of history to explain #HowWeGotHere.
In 1992, Pres George HW ("Poppy") Bush crashed the economy, helping elect Bill Clinton.
The Clinton/Gore Admin did an amazing job turning the #economy around. By 2000, #Unemployment had fallen to an amazing 3.9% and the #NationalDebt clock was actually SHUT OFF as it started running *backward* for the first time as we started paying off our #Debt:
https://www.youtube.com/watch?v=1mTj33oepkQ
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Bonus video link.
https://www.youtube.com/watch?v=1Fcy3CuTsYE
Bonus link: "Voters don't care about the #NationalDebt : that's a problem for politicians. They were elected to mend the #NHS and stop #sewage in the rivers, that's what the government is for."
https://eastangliabylines.co.uk/pecksniff/pecksniffs-diary-26-10-24/
Trump is a one-man economic disaster.
Trump’s Interview Remarks on Economic Policy, Fact-Checked https://www.bloomberg.com/news/articles/2024-10-15/trump-interview-fact-check-economy-fed-migrants
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@KamalaHarrisWin
I REFUSE TO BELIEVE that our country is so broken/racist/stupid that it would (re)elect a #Hitler-quoting #WannabeDictator clown who stole HUNDREDS of #ClassifiedDocs, was responsible for nearly SEVEN TIMES as many deaths from #Covid in just 11 months than 6 YEARS of Vietnam, instituted a CHILD SEPARATION POLICY of DELIBERATE CRUELTY at the #border (with no means of return) to discourage illegal #immigration, *exploded* the #NationalDebt (BEFORE Covid), and 
's #Putin & Kim.
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“#Trump’s overreach on #immigration policies, such as his EO on #FamilySeparation, was widely denounced as #inhumane & often ineffective.
“And those were his wins. His #tax plan added $2T to the #NationalDebt; his promised extension of them would add $5.8T over the next decade. His withdrawal from the #Iran #nuclear deal #destabilized the #MiddleEast. His support for #antidemocratic #strongmen like #Putin emboldened #HumanRights abusers all over the world.
Both the presidential candidates financial plans would increase the national debt -- one four times as much as the other.
Guess which is which?
https://www.axios.com/2024/08/28/trump-harris-national-debt-election
Axios · Trump plans would add $5.8 trillion to national debt
Mechanic Trump #Bankruptcy
Donald Trump's campaign promises would send the #Nationaldebt soaring much faster than #KamalaHarris' would, per two new analyses from the Penn Wharton Budget Model. Both of them increase the #Deficit relative to the current baseline.
Keeping Trump's campaign promises would increase the national debt by $5.8 trillion over 10 years, while #Harris' would cost $1.2 trillion.
By the numbers: The Wharton study concludes that the #Trump proposals would increase the national debt by 9.3% above its current trajectory by 2034, and by 12.7% by 2054.
https://www.axios.com/2024/08/28/trump-harris-national-debt-election
> In fiscal year 2023 alone, the #federal #budget #deficit soared by nearly $1.7 trillion, driven by rising #interest costs on the #nationaldebt and increased #government spending on #healthcare, #SocialSecurity, and defense. With the national #debt now exceeding $35 trillion, interest payments alone could erode global confidence in the #dollar.
Forbes · America’s Currency Crisis: Declining Global Confidence In The Dollar