The debt is high as balls of course, but really there is no specific significance to reaching the level of the GDP of one year. You could just as well say it has reached 400% of the quarterly GDP or 33% of the three year GDP.
Personally I’m more worried about concrete numbers like the cost of servicing the debt yearly. That has reached 17% of your yearly budget by now.
A metric a lot of things experts tend to rely on is the debt-to-GDP ratio. The idea being that you can have an insane debt, but if your economic output is also insane, you’ll be able to pay it off easier than a lesser economy. The US’ is currently at 120%-ish as of earlier this year. Notable examples to pull from seem to be Greece, and how they defaulted from their debt spiral after failing a repayment (ratio: 180%), and Japan, which I believe currently holds the largest Debt-to-GDP ratio (238%-ish).
Edit: interjecting my thoughts that nobody asked for, is that debt seems like a weird unknown in the economic media I see. Like, growing a significant debt is bad, but it oftentimes is used on infrastructure that you can’t just un-build, like what you can with a debt. When a country that did so defaults, I know there’s studies into it, but it almost seems terribly underreported on. So much so that I can’t say I’d know how things will unfold, especially with an economy of the US’ importance.
You can have insane debt. But if your economic output is also insane, you are insane.
the Fart of the deal…
Shart of the deal
Never trust a shart
he bankrupted multiple casinos, why not multiple countries?
Why not the same country multiple times?
Porqé nos los dos?
The casinos were just to launder money. They didn’t need to be profitable.
He has stated recently that the “global economy is just a big casino”.
Considering his history with those, I interpreted that as a threat.
NEVER let Republicans pretend to care about “fiscal responsibility” ever again.
NEVER argue or give Republicans any benefit of the doubt ever again. If someone says they’re Republican you should immediately shut them out of your life.
I can’t tell if your joking. The average Republican is pretty much the same than the average Democrat. I believe shifting blame onto a stereotype of the other party is some sort of Freudian transferance.
I disagree, the average Democrat at least pretends to care, the average Republican would happily put the boot to your neck if you’re an out group.
It’s the difference between a covert narcissism that has so effectively camouflaged itself that one might not even be conscious of their own condition vs. an overt form that has become so effectively accepted into one’s psyche that whatever innate personality that may have been there before succumbing will have ended up so minimized or sidelined that it may never be able to exert any effect on one’s words/actions/ideas ever again, and the result is the more uniform/typical set of behaviors/actions, thought patterns/perspectives, and/or language that they employ to describe their experiences/beliefs.
Similar in the narcissism aspect but very different manifestations (My current interpretation)
They are absolutely not, you are either extremely dumb or have been living under a rock your whole life. It’s not even a “recent time should have made you realise it”, right wing politics have been objectively bad for way longer than anyone alive at the moment (I admit that I don’t know the full history of the left/right political climate, so I’m not gonna say that what the general idea of right wing politics is has always been bad, I realised I need to learn more about it and will do so).
It’s literally right wing “we want to control people and hate anyone who is different” vs left wing “we just want everyone, independent on their gender, skin color, where they’re from, economical status etc. to be ok”. Current American Republicans vs Democrats is not even close to a good scale of “right vs left” and it’s not even a good scale and representation of historical American Republicans vs Democrats, it’s all so fucked.
They absolutely are, you are extremely silly
Look at results of their leadership over decades, don’t listen to what they claim.
Democrats say they are the labor party… yet labor continues to collapse under their leadership for decades.
Republicans say they are for smaller government… yet the government continues to bloat under their leadership for decades.
When the RESULTS are the same, they are effectively the same, in spite of your bloviating. Results prove they are bOtH anti-labor and rapidly expansive government.
The Democrats are right-wing. They’re the party of “nothing will fundamentally change”. They don’t care about whether or not you’re okay, unless you’re part of the 1%.
This is what people said in 1992. And in 2008. Guess what happened
“The Art of the Steal” now available in all banks of the US of A.
It’s simple, really. Trump has foreseen all of the economic mistakes the next democrat president will make and is already fixing them, before they even happen. Some of you should be a little more grateful.
… so far!
Like fuck Trump, but the debt accumulates exponentially
I think they’re pointing out how all political pundits will blame the deficit on whoever the next Democrat president is. The truth you just wrote won’t be mentioned by any of them and all blame will be assigned to the next one.
Ahh, yes! The same happened with Pinochet!
Especially when you piss away billions on vanity projects, cut off revenue, and start multiple wars for your oil baron masters
Pushing massive tax cuts for the wealthy (and for regular citizens, but those ones had an expiration date attached) during a time of economic turmoil was certainly an interesting choice.
I think that’s the key. Obama increased the debt - to get out of the Great Recession. Trump increased the debt - to give billionaires and corporations huge tax cuts. Biden increased the debt - to stimulate growth in green industries and manufacturing. Trump increased the debt again - to give billionaires etc etc.
Just the idea that the yearly budget of the Pentagon is going to go from $800 billion pre-COVID to $1500 billion indicates the people are not a priority.
$1500 billion and it’s still not enough to feed all soldiers lol. The vast amount of that money just straight up goes to the billionaires who hold stocks of armament comppanies or whatever.
yeah but not by that much
Curious to see if it’s gonna impact the USA credit ratings
I blame the democrats for forcing Hilary on us instead of accepting Bernie, who was obviously the people’s choice for candidate, and then they did it again with Harris. 🤦♂️
obviously the people’s choice for candidate
The people voted for Clinton over Sanders by a double digit percentage margin. It wasn’t even close.
For comparison, Obama actually lost the reported popular vote in the 2008 primaries, but this includes a Michigan race that he dropped out of because Michigan moved its primaries forward in violation of DNC rules. Excluding Michigan, Obama won the popular vote by a 0.1% margin, increasing to 0.4% with estimated votes in states that had caucuses instead.
did it again with Harris
Biden won the 2024 primary by a more than 80 percent margin.
The people’s choice was clear in both instances. When Biden dropped out, the people’s choice for a replacement wasn’t clear, but there was no path to rerun the primary, so they had to pick somebody who was closest to what the people had voted for in order to get closest to the people’s choice, which was a continuation of the Biden administration.
The people voted for Clinton over Sanders by a double digit percentage margin. It wasn’t even close.
Okay, so they gave us Clinton by a double-digit percentage margin. That makes it worse, not better.
Biden won the 2024 primary by a more than 80 percent margin.
That’s because he ran virtually unopposed. For example, my primary ballot only had two options: “Biden” and “uncommitted”.
Can you imagine running in a race by yourself and still only getting 80%?
Okay, so they gave us Clinton by a double-digit percentage margin. That makes it worse, not better.
The DNC didn’t give us that. The people did. Winkly’s claim was that Sanders was the people’s choice. The votes show that Clinton was actually the people’s choice, by a wide margin.
For example, my primary ballot only had two options: “Biden” and “uncommitted”.
The point remains that he was the people’s choice. In races where he ran against only one other option like yours, the margin of victory was even larger. The DNC did not bar anybody from running in that primary.
Who do you claim was the people’s choice, if not the candidate who got the most votes?
The DNC didn’t give us that. The people did.
Where did I say anything about the DNC?
Winkly’s claim was that Sanders was the people’s choice. The votes show that Clinton was actually the people’s choice, by a wide margin.
Which “the people” are you talking about? Sanders had much more support with “the people” (i.e. voters in general), but was unable to get that support from “the people” in the core of the Democratic Party (i.e. the folks who actually decide who the nominee is going to be).
Never let the Democrats argue that they vote based upon pragmatism when shit like this happens. The pragmatic choice would’ve been Sanders.
Which “the people” are you talking about? Sanders had much more support with “the people” (i.e. voters in general), but was unable to get that support from “the people” in the core of the Democratic Party (i.e. the folks who actually decide who the nominee is going to be).
The primary voters. They’re not “the core of the Democratic Party.” They’re just regular voters. The people, if you will. The DNC decides who the nominee will be based on the votes of the people in the primaries. The people overwhelmingly voted for Clinton.
It wasn’t even a majority of Democratic voters. Only 14% of them voted in the primary. It was a very, very small number of people who selected Clinton.
The ones who cared, voted. The ones who didn’t care, didn’t vote. That’s how voting works.
She won the primaries you sexist cunt.
It’s sexist to assume that they only oppose her because of her gender.
Hillary and Kamala were both objectively shit candidates
-Sincerely, a non-sexist woman who would love to see a woman president.
(Also the DNC robbed Bernie)
Yes, obviously everything wrong with the country today is the fault of the Democrats. All of it.
Or is it both sides? I mean, both sides are equally bad, right?
/s if it isn’t obvious
It’s in the nature of the GOP to destroy everything they touch. But they would be completely powerless to act if the Democrats pulled their heads out of their asses.
“Blame” lies with the GOP, of course. But “Fault” is primarily with the Democrats.
Did you even say thank you?
This is where you clap
I still think the funniest thing about the Vance edits is that they look more normal than the real thing. Don’t know how or why but the fucker lost the phenotype roulette and just looks surreal.
Truth, I actually didn’t recognize him in the regular photos that popped up looking for this meme.
I think I figured it out, his head or at least face is too babyish. I don’t know if it’s because he’s had work done or if he is just unlucky but his eyes up are normal ish but below his eyes are weirdly rounded. The edits often unify the rounding of his face resulting in him not looking so weird.
Though his head shape as a whole is kinda off regardless I think it’s the weird assymetrical nature of his face that causes the surreal look.
The debt is intentionally created. It is all fake. When you tax the rich, you can easily pay all of the debt. Actually, if you want to pay the debt, you can do it right away, because all debt is in us dollars. You can print it. No problem. The problem is, we are believing all these stupid lies about economy. The debt is taken from a citizen already, most of it is taken from the rich, tax them and that is it, all the debt is paid!
You can’t print more money to pay off debt.
If only there were some helpful historical examples of printing more money to pay off debt and seeing how that might play out
Just imagine how bad it would be if the Warmonger Kamala was in power!!!1
spoiler
/s, just in case
Centrists were willing to accept a second trump term as long as it meant never saying no to netanyahu.
I think you got it backwards. There was a lot of “she’s not threatening to send the army against Israel, therefore - in protest - I will [vote for Trump]/[abstain from voting]”.
I know I don’t. You were warned that genocide was a losing issue. Every single time, centrists looked at people begging them to stop selling weapons unconditionally and were like “Russian! Trumpist! Other Thought-Terminating Cliche!”
You chose to support genocide. You chose to lose rather than stop. So quit pretending that you’re not getting the only thing any centrist has ever wanted just because trump is carrying out your only policy for you.
You won when we didn’t have a primary.
See, one of the issues with today’s discourse is the extreme tribalism involved. “If you’re not with me, you’re against me”, “if you don’t agree with my side’s points, clearly you’re from the other side”.
I’m not even from the US, dude. I didn’t support genocide, I didn’t choose anything, I’m not pretending, etc., etc.
On top of that:
You were warned that genocide was a losing issue. Every single time, centrists looked at people begging them to stop selling weapons unconditionally and were like “Russian! Trumpist! Other Thought-Terminating Cliche!”
This is 100% nonsense. Trump was always going to be Israel’s lap dog, and Putin would want nothing more than more chaos in the Middle East, so this whole argument is invalid.
Also, notice how the actual genocide started after Biden’s term was finished.
That’s the other problem with you people - you’re so blinded by single-issues, that you have no clue what’s actually going on. Instead of having a leader who maybe, potentially, probably didn’t pressure Netanyahu to fuck off from Gaza, you got a leader who not only supported him in that, but also suggested that the whole of Gaza should be flattened and made into a vacation resort, while also bringing pain and suffering to people all across the world.
You dug your heels in on the Gaza issue because around 70k people died there? Well, now you get to eat the pie flavoured with “9.4 million deaths by 2030” due to USAID cuts.
This is 100% nonsense. Trump was always going to be Israel’s lap dog,
There was no non-lapdog running.
Instead of having a leader who maybe, potentially, probably didn’t pressure Netanyahu to fuck off from Gaza
No such candidate was on the ballot.
You dug your heels in on the Gaza issue because around 70k people died there? Well, now you get to eat the pie flavoured with “9.4 million deaths by 2030” due to USAID cuts.
I knew your genocidal shit would lose to the other genocidal shit. Plenty of people on the left tried to warn democrats to for the love of god show some movement on your only issue so they wouldn’t lose.
They preferred losing.
Congratulations, you got the only thing you wanted. You got genocide. Stop whining that people don’t love it as much as you do.
OK, this conversation is done. You’re in your own little world where I’m somehow taking a side, or responsible, for the US politics. You just keep assuming stuff about me, even when I told you you’re wrong. Continuing this is pointless.
You just keep assuming stuff about me, even when I told you you’re wrong.
First time? Try getting called a Russian for a solid year for saying that democrats have no business supporting genocide.
At least nobody voted for that evil socialist Jill Stein. She would’ve turned the US into Cuba and put people into FEMA camps!
As long as MAGA continues to run the USA, the failure(s) will grow exponentially.
New Mission Objective: SURVIVE
I’ve been relistening to the Dungeon Crawler Carl audiobooks, so you’ll have to forgive me…
“NEW ACHEIVEMENT! Your country’s debts now exceeds every single dime of annual production! Not only that, but its government is practically racing towards a full blown fascist dictatorship. Reward… No rewards for broke opressed bitches!”
😁link plz?
