#deficit spending

[imkeepinit]

Sen. Mitch McConnell says Medicare, Social Security must change to fix U.S. debt

Social Security and the Federal Deficit

[commonsensecommentary]

Bidenomics is nothing but deficit spending taken to a nation-killing extreme. Trillions upon trillions of dollars of deficit spending have the same effect as maxing out your credit cards: the temporary illusion of wealth followed by bankruptcy and ruin.

'Bidenomics' Has Been A Disaster

Joe Biden wants you to thank him for creating more debt, inflation, a spike in gas prices, and high interest rates.

[quotesfromall]

Do you think cancer knows it is killing its host?

Brad Thor, Code of Conduct

[intelligentchristianlady]

Republicans--it’s what they do...

[somethingusefulfromflorida]

A Pattern Continues

You can’t argue with the data

Broken down by Party:

The GDP has grown as much under Democrats in four terms as Republicans in five (full data for the current administration isn’t available yet)

The deficit is when the government spends more money than it raises in taxes; it makes up the difference by borrowing from other countries, increasing our national debt (it’s over $24.714 trillion at time of writing, 115% of our GDP, $21.487 trillion)

Broken down by party:

The deficit grew slightly Reagan and Bush Sr, tanked under Bush Jr during the Great Recession, and continues to plummet under Trump.

The deficit decreased so much under Clinton that we had a surplus for the first and only time in modern history, and Obama managed to more than halve it during his time in office, almost bringing us back to pre-recession levels by 2015.

No matter how you slice it, Democrats are better for the economy than Republicans.  Of course, none of this matters anymore because stonks are imaginary and the numbers are somehow always good for corporations no matter how much they fluctuate.

Oil is less than worthless!

The stock market had its biggest crash in history followed by its biggest gain in history; this happened because reasons!

Rich people get richer and poor people lose their jobs en masse! 

HUZZAH!  God Bless America!

[howieabel]

"Consumer debt is the lifeblood of our economy. All modern nation states are built on deficit spending. Debt has come to be the central issue of international politics. But nobody seems to know exactly what it is, or how to think about it." - David Graeber, Debt: The First 5,000 Years (2011), Chapter One, "On The Experience of Moral Confusion", p. 4

[early-morning-rain]

[quotesfromall]

Simply put, our national debt is growing faster than we can pay for it. The laws of physics and economics are inescapable. No nation can keep spending money it doesn't have forever. But spend we do.

Brad Thor, Act of War