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by s3r3nity 438 days ago
No, boomers and NGO's who raided the coffers blew it and left us with $36 trillion in debt, along with $1.2 trillion on _just the interest payments_ - which is more than the US spends on Defense.

Now we can't build anything, and the other side is still holding out hope that eventually we'll be able to fix by just taxing more - despite the fact that Congress won't even vote to prevent themselves from insider trading...which means the middle class will continue to bear the downward pressure.
5 comments
sofixa 438 days ago
Which NGOs?

> Now we can't build anything

Yeah, this isn't due to the debt. Most infrastructure projects in the US are disasters (usually due to layers of outsourcing, tons of consultants, corruption, lack of competence) that cost multiple times their equivalents elsewhere in developed countries.

It's exactly like in healthcare - the US spends more to get less than similarly developed countries. The amounts available to spend aren't the issue here, the terrible use is.

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Yoric 438 days ago
There's definitely a lot of that.

As far as I understand, however, there's not much of a path between the current tariff measures and reducing the US debt. Especially not with the tax cuts or if war with China is still in the books.

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mindslight 438 days ago
You do realize this "debt" is denominated in the currency that the US itself controls, and can create and destroy at will, right? You cannot analyze this with the logic of household finances. The debt owed to bond holders is our and other countries continuing to buy into the American system. And the "debt" owed to other government agencies (including the Fed) is nothing more than a political martingale, to support the Republicans' kayfabe "fiscal responsibility" of the past forty years, where they sabotaged investments in our society so they could give away the wealth to banksters instead.
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watwut 438 days ago
The debt goes up during republican governments much more then during democrat ones. If you cared about debt, you would voted democrats.
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BoiledCabbage 438 days ago
> No, boomers and NGO's who raided the coffers blew it and left us with $36 trillion in debt

Serious question - when did you start paying attention to NGOs?

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