"Although in a way, it really is your fault. We are going to blame you anyway -- with a big PR bullshit campaign, as usual. You were dumb enough to actually believe the lies we told you. Therefore, it's all your fault, Mr. and Ms. America. Ha ha. Stupid suckers." - G.O.P.

Our GDP covered the interest on our debt. People looked at Debt - to GDP. I'm pretty sure we are at the stage, or close, where our GDP doesn't cover the interest on our debt. I could be wrong.

Credit default and currency devaluation on the horizon

Krasnov will force Powell to lower interest rates which will boost inflation. Also, the full effects of the tariffs will hit us in the next 2 or 3 months, boosting inflation.

All of this will crater the value of the dollar which is what Krasnov really wants, a deflated dollar and strong crypto.

and all of our retirement funds...............

If Putin has a long bucket list, or wish list, of things to do to destroy The United States of America,....... every single thing Trump and these Republicans are doing, or have done, is on it, and being checked off by Putin

Putin must be ecstatic, along with every other Tyrant run country in the world..........

... $Trump$Coin$ or whatever his current cryptocurrency grift allows. The MAGA GOP might just even go along with that.

It is not hard to imagine that one (or several) of Trump's minions/lackeys might think "outside the box" and suggest, "Hey, we can avoid this debt by destroying the currency in which the debt is held. No one will see this coming, and it's bold, so why not? Let's move fast and break things. The financial industry is old and needs to be shaken up. We can even replace Powell and the Fed with our own Trump Reserve with Trump as its CEO and chairman ... ."

So, all of this might be very, very hyperbolic, but I would not put it past him. He and his minions are stupid and greedy enough to have done many, many other truly idiotic things.

problem solved? If nobody reports it it didn't happen.

Trump has the business acumen of a rock. His primary talent is grifting. Casinos practically print money, but Trump took its assets out to fund his lavish lifestyle, leaving investors holding the bag and not much value left in any of his companies. He is doing the same to the US, taking away our major assets like scientific and medical research, top-notch universities that the brightest young people around the world no longer want to attend, destroying the economy and any goodwill toward the US with a stupid tariff war, attempting to erase fair elections with the help of the Supreme Court, and turning our law enforcement agencies into his personal army t run roughshod over anyone he chooses. We are a banana republic already.

he could care less if we went into recession. Krasnov wants 2 things, a weak dollar and strong crypto. Krasnov wants to be the richest person in the world, that is his only economic goal.

Tulips, South Sea Company shares, cryptocurrency. What goes up must come down.

then things get really interesting.

we are at that stage now where our GDP doesn't cover the interest on our debt.

With Krasnov crashing the value of the dollar who will buy up our debt?

but I know at the rate we are going, it's going to be sooner than later for sure.

I think our debt will be broken up and parceled out to a number of other countries. China being one of them.

First he LIED and said that China and other countries pay the tariff. When that blew up in his face he had to go with corporations will EAT the tariff.

Total 100% BULLSHIT,both of them.........

in order to stay in business.

Corporations are NOT to absorb these massive tariffs that dipshit put on Countries. Every tariff is a tax on consumers and Donnie dip shits tariffs are huge.

Except the Uber Rich and Corporations........they get continuous TAX CUTS......

if Democrats were smart, this news would be repeated incessantly by everyone, everywhere possible.

since they raised the debt ceiling to cover it in their Brutal Barbaric Bill.

You're right about that, They're not worried about it now.
That's why reminding them all the time is crucial.
They have been massively conditioned about it for so long, that programming can't be just turned off.
This is an opportunity for us to tap into that programming that's still there. The people who programmed it don't want that program to run right now, but they can't delete it, and they can't stop other people from running it.
So its a great time to remind them of all their hand-wringing about the debt and deficit.
At least It should be a fun exercise in forcing a little cognitive dissonance.

a bunch did harass them about it (and the obedient so-called "fiscal conservative" (R)s did too). But the (R)s apparently snapped into line upon apparent receipt of death threats so...

The quandary though is to frame it because there is spending that we needed (healthcare, food and energy assistance, education, etc) that has been cut in order to instead have RW loons spend it on wasteful, fraudulent, and abusive things like concentration camps.

and created more millionaires than ever because of a booming economy. Then came George W. Bush and tinkle down v2.0.

Savings and loan bail out (Bush 1) 124 Billion 1980s-1990sBanking crisis of 2008 (caused by Bush 2) (Remediated by Obama)$700 Billion But all but 32 billion was paid back
Afganistan and Iraq war $2 trillion trump 1st. term tax cuts $1.7 Trillion so far

Trump’s 1st term golfing trips $102 million
So far 1st hundred days 20.7 million. As of August 1st $52 million golf trips this term.

JD Vance’s vacations???

2nd term extending tax cuts
For the Rich, no tax on social Security, overtime, tax exempt tips 9 trillion over 10 years
Maintain and upgrade nuclear arsenal $95 billion
$141 billion repair ICBM infrastructure.
Money to fix up the jet from Qatar $400 million-$1 billion
Supposedly, that money is being taken off of the money to repair our nuclear arsenal.
Cost to carry US dept because of credit downgrade about 1 trillion a year.

Military 2025 $880 Billion
China. $309 Billion
Nato countries $402 Billion
Russia. $126 Billion
And this kind of disparity has been going on forever.


Universal healthcare would save $400-$600 billion to Us citizens.

Removing the caps of payments into Social Security for the rich couldn’t make Social Security flush for the future

How much will deporting illegal immigrants cost? See the article below it is mind blowing.


https://www.americanimmigrationcouncil.org/research/mass-deportation

I think the amount they quote as the "cost" of AFOne for his golf trips, and other "joy rides" only covers the cost of fuel for the plane. There are millions and millions and millions of Dollars spent directly and in-directly on each and every trip that Trump and the RepubliCONs conveniently don't mention.............

After all, it's a trump operation.

the Big Billionaire Bill and was barely mentioned.

just like in Europe. And the wealthy will sit there and laugh at us as we destroy each other. Not blaming us on the left but the angry gunhumpers will want a scapegoat.

MAGAts are trying to break the country... financially, socially, functionally....

and it's working

All developed countries operate with some amount of debt. It's the debt-to-GDP ratio that puts it in a more meaningful perspective. Admittedly, that still puts the U.S. at a high level of debt but I don't know that it's at an apocalyptic level. But you don't hear the politicians talk much about debt-to-GDP ratios.

GDP by country
https://www.worldometers.info/gdp/gdp-by-country/

Debt to GDP by country
https://worldpopulationreview.com/country-rankings/debt-to-gdp-ratio-by-country

U.S. Debt to GDP history
https://www.macrotrends.net/global-metrics/countries/usa/united-states/debt-to-gdp-ratio

Then suddenly, it becomes our Number One Problem.