Oh man, this must be that FiScAl ReSpOnSiBiLiTy I keep hearing about from the
reichrightEven years ago, you could tell how honest the Tea Party people were by asking if they’d defund the police or military.
Ah, Republicans. They make a huge deal about spending any time they are not in power and then spending like a drunk Sailor when in power.
Its a deliberate strategy they’ve used for the past 50 years. Its called the Two Santa’s Strategy.
There’s someone who knows history!!
Every accusation a confession
Overseen by man with significant history of refusing to repay loans.
Hahahahaha
My esteemed congratulations to 1930’s history enthusiasts.
You’re about to relive it
What do you mean bread costs 2 million riechdollars. I got a wheel barrel ready for my trump bucks
I’d say that history rhymes, first as a tragedy, then as a farce, but I know enough of the 30s to understand it was clown shoes then too
so rather than just pay a tax like a socialist country would up front, US is now only just surviving on tariffing …which is paid … by their own people ….as a tax. On top of whatever tax you already pay ……while digging more deficits.
You know, I used to think that “our children will have to pay for it” only applied to the working class.
Now I’m wondering if the people in power recognize how this might end badly for their offspring. I hope it does.
There’s a 0% chance I’m going to slave away while some rich family’s children live like gods.
Man says he’ll never do the thing he’s been doing is whole adult life.
That’s what you think.
Not everyone got trapped in wage slavery, just the majority of you. Those of us who didn’t still care tho. We want you to have a drug dealers life style without having to sell drugs ❤️
Unless you’re part of the owner class you’re a wage slave too comrade.
Class consciousness is the only way out of this.
I mean, there is the petite-bourgeoisie which can own their means of production and perhaps afford to pay a few others to work with per but are otherwise still oppressed by capitalism, albeit in a smaller way
I mean what’s the owner class? I own my house and my car. I own my own farm and water. I farm my own food/tobacco/pot. I own assets and participate in capital markets. I have never earned a wage from a capitalist so idk. We can have solidarity and want the same thing, but like I said not all of us are ‘wage slaves’. I used to have employees and none of them were wage slaves. All my employees paid off their college loans and bought houses, and still had disposable income to party.
all while essential services dry up and wither at every level of government…
Just for the sake of argument: It’s possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that’s roughly $504 of finished product per barrel (@ $12/gal).
That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we’d be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.
But how much profit would that generate for shareholders? /s
wouldnt it be pretty expensive to bio-convert plants/animals into fuel. instead of just extracting it from the ground. and not even including extracting it from things like corn.
About $12/gallon. If you count the real cost of oil (forever wars, climate catastrophe), it’d be more than that. That’s my point.
Ah, your brain works like mine, it see the simple math everywhere.
That’s when we get into greenhouse effect, climate change, sea-level rise al brought to us by fossil fuels.
If they use plants, then it can be recently sequestered CO2, breaking even.
Uggg this old trope.
It’s not really “borrowing” when they print the money.
It’s just another wealth transfer from the poor to the extremely privileged.
M2 money supply actually had not increased for a while and only recently surpassed the previous peak in 2022. Meanwhile US debt and debt to GDP ratio increased modestly (and is in fact down from the COVID era peak ‘thanks’ to inflation) meaning that it’s mostly the treasuries market that was funding the new debt (i.e. borrowing)
With quantitative easing, the two are more similar than different
As a solitary meat popsicle with limited understanding of fucked up shit, at what “level” of fucked up shit is the US finally and officially “perma-fucked”?
Every time my meat popsicle brain thinks “That’s probably the last straw” they find thousands more straws somewhere AND I DON’T GET IT.That was back at the moment when Trump threw around enough tariffs to make countries with longstanding enmity sign direct trade deals with each other, cutting us out as the middleman. Those will never, ever come back (they were mostly forged in the wake of WWII, when the US had the only functional economy)
As for when we’ll see it? I think we have a “oh shit” world stage moment if the US tries to attack Greenland, as Denmark will then have to defend - and then by chain of treaties WWIII kicks off.
If we avoid that fate somehow, then there probably won’t be a specific moment - the US will over twenty or so years just slowly collapse in on itself and other countries will quietly start ignoring US while publicly paying lip service. … - There will probably be an event when we publicly can’t afford the giant military we have which will be an existential crisis for a news cycle.
That’s my attempt to read the tea leaves in the crystal ball.
I’m going to start fantasizing about 15 years from now being invaded by Canada and running out into the street to thank them for it
May the streets run red with maple leaves
Hey hoser, I’ll be happy t’a meet ya there with a brewski.
We’ll exchange brewskis, insult each others’ brands, and shakes hands abouts it.
Sounds like a plan!
They say anything to get into power. Literally anything. None of it matters and they know it.
A billion here, a billion there, pretty soon you’re talking real money.
…but what about the bones?
They should be used for broth, not to sharpen the dentures of a senile old racist…
This will have to be re-edited to ONE TREELLION DOLLARS.
Bigger shock is that somebody loaned him anything since his bankruptcies have been public knowledge for decades
It’s the federal reserve loaning the government money, there’s no way they’re paying for all this in bond auctions.
Still makes him a larcenous thief
I mean ya he’s handing himself money and handing your grandchildren debt. They’ve been doing this around the clock since 2008. The government only exists to help billionaires steal your hard earned money.
Jokes on them, ain’t no kids to have geandkids
None of us are which is funny as fuck, but one of us will be the last generation of old farts with no kids to take care of us.
It’s certainly on my mind. I figure, I’ll keep going as long as my wife’s alive, she’s worth the struggle. Once she’s gone, it may be time for a revolving cylinder style exit
Oh there’s always another bright moment to look forward too. I’m sorry to hear about your wife, cherish the time you have.
-a depressed guy with a stick in his eye
i’m starting to worry if lisa will actually be able to fix all this after he’s gone… i do not have much confidence in secretary millhouse
I didn’t know the US was going to med school. That thing was expensive!
Then you won’t believe this: it’s the Phil McGraw School of Medicine at RFK Jr. University. The dean is Dr. Mehmet Oz.
Are they now over 20 trillions in debt?
You can track it in real time to see just how fucked the US economy is.
39 trillion
20? That was years ago, no? It’s somewhere in the deep 30s now
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It’s not really “debt” when the “debtor” prints the money.
Still consuming the countries future.
It is really debt when it stays on the books and the debtor has to pay interest, and servicing all that debt consumes 15% of the budget.
Elon should just purchase USA and make it his own private country. I think it’s for sale now, based on what I’ve seen in the last couple of whiles ago.
