BetelbuddyMar 19

US national debt surges past $39 Trillion

https://apnews.com/article/us-national-deficit-hits-39-million-6ff73495bae701b5c009d3da5515ca3a

US national debt surges past $39 trillion

The U.S. national debt has hit a record $39 trillion. The deficit hit the milestone Wednesday just weeks into the U.S.-Israeli war in Iran. The Government Accountability Office says rising debt can raise borrowing costs for mortgages and cars. It can also squeeze wages and push up prices. Budget advocates warn that growing interest payments force tougher tradeoffs. The federal debt has surged under both Republican and Democratic presidents, most recently fueled by wars, large-scale pandemic spending and tax cuts. The U.S. national debt hit $38 trillion five months ago — and $37 trillion two months before that.

AP News
Show threadcj
The Democratic party would do well if they rebranded as socially progressive and fiscally conservative.
Mar 19 at 5:25pmWeb
Show threadtrgnMar 19
that electorate doesnt exist in two party system.
Show threadmattmaroonMar 19
It can.
Show threadAlupisMar 19

Agreed, unfortunately. The amount of people that actually care about the national debt is near zero in reality, despite many stating otherwise.

When their party of choice comes into power, it's always "spend, spend, spend" - how else do you do all the things you want to do while in power? Then the table turns and they pretend to care while the other party takes a turn.

Round and round we go, deeper and deeper in debt, spending like a there's no tomorrow.

Show threadkevmoMar 19

That's basically Bernie Sanders modus operandus. Burlington was running budget surpluses when he was in charge.

It's not hard, you just have to make rich people pay taxes. This is an enormously popular idea.

Show threadlo_zamoyskiMar 19
Correction: one party with two factions.
Show thread6stringmercMar 19

Rebranding does not fix rot.

See also: X, Meta, Blackwater…

Show threadthrowawaysleepMar 19

Fiscal conservatism only exists as an ideology when paired with hurting brown people. It does not exist as a meaningful political camp otherwise.

There is a reason that fiscal conservatives spend all their time on food stamps and a few random research projects and not even examining any of the top four costs that make up the overwhelming bulk of US spending.

Show threadbabypuncherMar 19
Fiscal conservatism is a lie, Republicans have consistently contributed far more to the debt than Democrats, at least during my lifetime.
Show threadlowbloodsugarMar 19
If you look at national debt, the Democratic Party is the fiscally conservative party. Yet you believe the opposite. Propaganda works!