Are American citizens responsible for the huge national debt in the first place? And when I say "responsible" I don't mean who should 'hold' or own the debt, but rather who made it so large in the first place.
The old high water-mark of national debt was in the 30's and 40's under FDR, for reasons that should seem obvious: Great Depression and WW2. After that, the national debt had slowly but surely decreased for 30 years straight...right up until the 80's. Since Carter/Reagan, the debt has fairly uniformly increased dramatically every year to the obscene levels that it is at now. It almost makes FDR levels look quaint by comparison now.
Did regular citizens have a say in this? I suppose one could argue that they did via voting, but that's putting all of the responsibility on the voter and none on the people who actually had the power to do all of this.
Would be great if we can get more info on the US Congress members- House and Senate, both parties that have feasted at the expense of the taxpayers by letting other countries tariff (and use non-monetary tariff barriers) the US while taking what amounts to bribes from either a lobbyist or another country outright. This has been the gorilla in the room that shall not be named...
History will reveal that as Trump openly defied the Constitution, and as he cheered on the wild profiteering by his cronies resulting from the stock market roller coaster he stupidly put us on, that Matt Taibbi was taking a break from his cheerleading Trump's policies to revisit his petty feud with Taylor Lorenz. Borrowing from a recent violent Taibbi headline calling for the death of ‘legacy media,’ It’s Time To Declare: the new media deserves to die!
What are you trying to say? You hate Trump? We get it. If you really want to do something about it start looking for a better choice for president and volunteer to work on their campaign. Right now you sound like grandpa Simson shaking his fist at a cloud.
What are you trying to say? You’re fine with Trump, and couldnt care less about his assaults on the Constitution. You’re like an ossified Montgomery Burns. We get it.
I don't think he said that at all. He said if you don't like it, then do something constructive about it. Or will "history reveal" you did nothing but whine and "shake your fist"?
Anyone with an ounce of investing acumen could have predicted the drop in the market roller coaster resulting from tariff uncertainty. Likewise, it's not just his cronies who could have profited from the dip; I suspect many of his enemies profited too.
And talking about "assaults on the Constitution", Obama has had more 9-0 Supreme Court decisions against him than any other president. EVERY president pushes the boundaries, and the Constitution keeps them in check.
Thanks again, Matt, for your illumination on this subject! Though I’m not inherently a Trump lover, I can’t see any way out of this cluster fuck, but what Trump and his team are actually doing right now to solve any of these deep-seated problems we’ve been experiencing with the neocons selling out the middle class decades ago. I’m going to stay positive and pray that the best of humanity will come forth with positivity and compassion to get us out of this enfuckment.
Iraq, Afghanistan, Gaza, Ukraine has been financed with borrowed money. But to think Trump wants to balance the trade deficit and bring manufacturing and jobs back to the US is folly. He hates unions, minimum wage, paying overtime, protecting workers from abusive working conditions and has plans for a huge corporate tax cut. DOGE and tariffs supposedly will pay for all this.
-Globalization:
Slow death.. no
Fast death... yes.
-Bond market:
Foreign governments buying our debt...bad
USA citizens absorbing our debt..good.
Got it....I think?
I wonder if our last dozen or so wars would have happened if the accrued debt was absorbed by us not by foreign bond issues?
Now that debt is coming home to roust as Trump threatens tariffs on countries that graciously took on that debt.
I'm beginning to wonder that maybe globalization didn't cause our down fall but rather our debt to pay for the forever wars.
What you think?
Are American citizens responsible for the huge national debt in the first place? And when I say "responsible" I don't mean who should 'hold' or own the debt, but rather who made it so large in the first place.
The old high water-mark of national debt was in the 30's and 40's under FDR, for reasons that should seem obvious: Great Depression and WW2. After that, the national debt had slowly but surely decreased for 30 years straight...right up until the 80's. Since Carter/Reagan, the debt has fairly uniformly increased dramatically every year to the obscene levels that it is at now. It almost makes FDR levels look quaint by comparison now.
Did regular citizens have a say in this? I suppose one could argue that they did via voting, but that's putting all of the responsibility on the voter and none on the people who actually had the power to do all of this.
Would be great if we can get more info on the US Congress members- House and Senate, both parties that have feasted at the expense of the taxpayers by letting other countries tariff (and use non-monetary tariff barriers) the US while taking what amounts to bribes from either a lobbyist or another country outright. This has been the gorilla in the room that shall not be named...
If Trump wanted to build a legacy it would be to expose these grifters.
History will reveal that as Trump openly defied the Constitution, and as he cheered on the wild profiteering by his cronies resulting from the stock market roller coaster he stupidly put us on, that Matt Taibbi was taking a break from his cheerleading Trump's policies to revisit his petty feud with Taylor Lorenz. Borrowing from a recent violent Taibbi headline calling for the death of ‘legacy media,’ It’s Time To Declare: the new media deserves to die!
What are you trying to say? You hate Trump? We get it. If you really want to do something about it start looking for a better choice for president and volunteer to work on their campaign. Right now you sound like grandpa Simson shaking his fist at a cloud.
What are you trying to say? You’re fine with Trump, and couldnt care less about his assaults on the Constitution. You’re like an ossified Montgomery Burns. We get it.
I don't think he said that at all. He said if you don't like it, then do something constructive about it. Or will "history reveal" you did nothing but whine and "shake your fist"?
Anyone with an ounce of investing acumen could have predicted the drop in the market roller coaster resulting from tariff uncertainty. Likewise, it's not just his cronies who could have profited from the dip; I suspect many of his enemies profited too.
And talking about "assaults on the Constitution", Obama has had more 9-0 Supreme Court decisions against him than any other president. EVERY president pushes the boundaries, and the Constitution keeps them in check.
I guarantee I am doing something, and what are you doing?
I "guarantee" I'm doing something too. :)
Thanks again, Matt, for your illumination on this subject! Though I’m not inherently a Trump lover, I can’t see any way out of this cluster fuck, but what Trump and his team are actually doing right now to solve any of these deep-seated problems we’ve been experiencing with the neocons selling out the middle class decades ago. I’m going to stay positive and pray that the best of humanity will come forth with positivity and compassion to get us out of this enfuckment.
Lenin's merchandisable noose.
Iraq, Afghanistan, Gaza, Ukraine has been financed with borrowed money. But to think Trump wants to balance the trade deficit and bring manufacturing and jobs back to the US is folly. He hates unions, minimum wage, paying overtime, protecting workers from abusive working conditions and has plans for a huge corporate tax cut. DOGE and tariffs supposedly will pay for all this.
If I paid more could I turn off my screen to listen?