Bruce123

Our country is spiraling down a fiscal hole of epic proportions. Any person with a reasonable grasp of history and economics can plainly see that the United States is heading for a great economic downturn.

Liars figure but figures don't lie.

BIRDMAN

You’re not going crazy it sure the hell is

dtucker300 Loc: Vista, CA

The two parties talk about bipartisanship except when it comes to reducing the debt. This is one issue for which bipartisanship should be a no-brainer.

JFlorio Loc: Seminole Florida

Biden, Fetterman, No brainer. Seems about right.

Bruce123

Both parties have this in common.
Money money money. They v**e their pocketbooks.

robertv3

That's likely, but not very new; it's been true for several decades at least. We have various economic crises, of which the Great Depression on the 1930s, the stock market crash of 1929 accompanied by runs on banks, and the 2008 bank crisis are examples. And there's a lot that unsustainable, and not just about money. A "fiscal" crisis might be the most graceful, easiest way to fall. A fiscal crisis is plenty bad enough, but (a) g****l w*****g and (b) international injustice are likely to end up coming home to damage us more than any fiscal thing (but will probably take longer to happen).

dtucker300 Loc: Vista, CA

Except the Debt is twice the GDP which is the highest in history when adjusted for inflation. Not even WWII was this high.

robertv3

Debts are bad, but the reason we have them is that decisions were made that something else is worse than the debt.

I think that eventually the impact of international debt is that the U.S. will lose status, and lose power, relative to other countries that have less international debt.

However, some things about the "national debt" and "debt ceiling" are less substantial than international injustice and g****l w*****g. G****l w*****g is a physical phenomenon that obeys the laws of physics. But if the U.S. were to continue raising its debt ceiling indefinitely, it _might_ not have any real effect, depending on how people react to it. Our whole banking system, being a partial reserve system, is a confidence game anyway, by which I mean it survives or falls depending on how much confidence people have in it. The national debt and the debt ceiling and however the U.S. decides to "print" "money" might also work like a confidence game.

As for injustice (such as often happens when one country interferes with another), it's harder to categorize. It's real, and there are people who care about it, so I think it eventually comes home to roost, like karma.

Big Kahuna

Correction, they v**e "our" pocketbooks.

JFlorio Loc: Seminole Florida

There is no g****l w*****g crisis. Good Lord the average temperature in the Southern Hemisphere has gone up 1 degree in the last fifty years. Hasn't affected the way people live at all. What the hell is international injustice? You loons spout talking points all the time and never can define them.

Big Kahuna

International injustice is what Superman fights nowadays. He used to fight for t***h, justice and the American Way but somewhere along the way he became woke. He bought into Greta Thunberg's c*****e c****e, CRT r****t theory and Hitlery's proclamation, "what difference does it make,". He even denounced his W***e S*******y and identifies as a black unjust l*****t Supreme Court justice.

BIRDMAN

woodguru

All that's needed to reduce the debt is increase taxes for the wealthy, get rid of special interest loopholes that favor the rich that they do not need, stop subsidizing industries with tax breaks, go after tax c***ters that are not paying the taxes they owe...wallah, no budget deficit.

Big Kahuna

Oh no, Greta is now part of the gas stove gestapo. We are all cooked, in gas of course, electric power was out again.

Bevvy

g****l w*****g is their religion