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I Thought Debt Was a Bad Thing?

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13 February 2025, 20:11
Jefffive
I Thought Debt Was a Bad Thing?
The House Republican budget would add $4.5 trillion of debt to finance $4 trillion of tax cuts for corporations and the wealthy while slashing education, Medicaid and feeding hungry children.


"If you’re innocent why are you taking the Fifth Amendment?”- Donald Trump
13 February 2025, 20:36
ANTELOPEDUNDEE
Why in the actual fuck would anyone with a functional brain think that borrowing money to fund tax cuts for those who don't need them?
First off the rich don't spend the extra money in a meaningful way that generates replacement revenue?

How much economic activity does it take to generate $100 in revenue for the IRS?


Give me a home where the buffalo roam and I'll show you a house full of buffalo shit.
13 February 2025, 21:41
TomP
Asset stripping...a couple of consequences down the line.
3D checkers at work, thinly veiled.


TomP

Our country, right or wrong. When right, to be kept right, when wrong to be put right.

Carl Schurz (1829 - 1906)
14 February 2025, 01:12
Bill Leeper
Of course, debt is a bad thing. It's bad when Republicans borrow money to give to their supporters; it's bad when Democrats borrow money for their supporters and their stupid programs or green initiatives. We pay a lot of taxes. Governments can work with what they have.
It won't happen though. The concept of frugality is an alien concept to all politicians and most of their supporters. To me, if elected officials spend a half million dollars of taxpayer money to take their entourage on a one week trip, they should not be censured, they should be jailed. When a politician talks about funding the rainbow coalition while schools are closing, and people are unemployed, he doesn't need to be criticized, he needs for someone to go up and slap him off the podium. Living within your means is a fulltime job. Politicians, and their supporters need to get that. If they don't want to, they should just shut up and live with the ever-increasing debt. This is not a partisan problem; it is a systemic one. Regards, Bill
14 February 2025, 01:35
M.Shy
We all know that democracy has one thing in common, he who promises voters more will have better chance to get elected then the opposition
Not 100% but close
That is definitely bad and it was always the downfall of democracy throughout Our history as humans


Never been lost, just confused here and there for month or two