"I was able to balance the budget"

[Gym Rat]

Bwah ha ha ha ha ha ha ha ha 

 

Biden Makes Absolutely Zero Sense  <- Really no shit...

[mops]

The great G7 Summit where leaders lecture Russia and China on nuclear de-escalation while standing in a city nuked by the US ( in a country nuked twice by the US in total, Carl )

[Thin Lizzy]

The country is bankrupt. Of course, lib morons still believe that if few billionaires paid “their fair share” all would be good.


https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/


The national debt ($31.46 T) is the total amount of outstanding borrowing by the U.S. Federal Government accumulated over the nation’s history.

[TheGrinch]

Not a single member of the REPUBLICAN controlled house has brought the 25th amendment to the floor


hmmm... wonder why


LOL @ voting.. good luck with that

[Fortress]

What a circus.

Fuck it all.

[IroNat]

Joe can't balance himself when walking.

[Mayday]

Some perspective.

US debt to GDP jumped +70% post GFC to 2012 and nothing happened.

We shutdown the entire globe and US debt to GDP moves +20% and people are losing their fucking minds……

*Mid 1940s Debt to GDP peaked and the inflationary years that followed the ratio dropped almost -40%.
*1981 off the back of the largest inflationary periods on record achieved the lowest debt to GDP % from the 50yrs prior.

We need to go back 40yrs to find the last time GDP % was double digits and guess what else was? CPI…..

You want to reduce your debt/GDP you need double digit CPI inflation to float your GDP. This is how debt is monetised.

[Thin Lizzy]

Some perspective.

US debt to GDP jumped +70% post GFC to 2012 and nothing happened.

We shutdown the entire globe and US debt to GDP moves +20% and people are losing their fucking minds……

*Mid 1940s Debt to GDP peaked and the inflationary years that followed the ratio dropped almost -40%.
*1981 off the back of the largest inflationary periods on record achieved the lowest debt to GDP % from the 50yrs prior.

We need to go back 40yrs to find the last time GDP % was double digits and guess what else was? CPI…..

You want to reduce your debt/GDP you need double digit CPI inflation to float your GDP. This is how debt is monetised.

The difference now is the social programs, Social Security, and Medicare. That’s the mandatory part. The discretionary includes the military. So there really isn’t much to play with.

[Coach is Back!]

.

[Mayday]

The difference now is the social programs, Social Security, and Medicare. That’s the mandatory part. The discretionary includes the military. So there really isn’t much to play with.

All Those things add to GDP.

2020 - 2022 debt went up 10% but Debt/GDP fell 6%..

That’s assuming I understood your point correctly?

But to my point, up your inflation, GDP goes up and debt is monetised which has always been my counter to the common reply ‘you can’t print your way to prosperity’. Yes you can providing you don’t collapse along the way because once debt is monetised you can go again the next 40yrs.

[Humble Narcissist]

Joe can't balance himself when walking.

That is harder than balancing the budget.

[Gym Rat]

Not a single member of the REPUBLICAN controlled house has brought the 25th amendment to the floor

hmmm... wonder why

LOL @ voting.. good luck with that

You slam Pubtardz, but do you disapprove of this libturd admin who is causing the most pain? Killing energy super-power status w/ swipe of a pen on day 1 or 2?
Grooming kids? Trans-madness?? Woke retardation?  Domestic white terrorists and other racial division?