Why?
HINT: It's NOT because the government is trying to provide its citizens healthcare or childcare.
Why?
HINT: It's NOT because the government is trying to provide its citizens healthcare or childcare.
USA government debt-to-GDP ratio likely to have doubled from 2007 to 2030
Cost of debt up 2.5x from 2020 to 2030e
USA government debt-to-GDP ratio likely to have doubled from 2007 to 2030
Cost of debt up 2.5x from 2020 to 2030e
SEN. JOHN CORNYN: I'm going to give it my best shot
In the past, the rich used to pay higher taxes.
Now, the government pays the rich interest on a swelling debt, caused largely by lower taxes on the rich.
It's a big switcheroo.
In the past, the rich used to pay higher taxes.
Now, the government pays the rich interest on a swelling debt, caused largely by lower taxes on the rich.
It's a big switcheroo.
If America wants to bankrupt us, we should simply dump the debt & watch America burn.
If America wants to bankrupt us, we should simply dump the debt & watch America burn.
Now, the government pays the rich interest on a swelling debt, caused largely by lower taxes on the rich.
It's a big switcheroo that we need to talk about if we're going to talk about the national debt.
Now, the government pays the rich interest on a swelling debt, caused largely by lower taxes on the rich.
It's a big switcheroo that we need to talk about if we're going to talk about the national debt.
The @TNGOP debt-shaming the federal government is like debt-shaming your parents when they still pay your rent. (cc: Sexton, Lee, Lamberth)
The @TNGOP debt-shaming the federal government is like debt-shaming your parents when they still pay your rent. (cc: Sexton, Lee, Lamberth)
Now, the government pays the rich interest on a swelling debt, caused largely by lower taxes on the rich.
It's a big switcheroo that we need to talk about if we're going to talk about the national debt.
Now, the government pays the rich interest on a swelling debt, caused largely by lower taxes on the rich.
It's a big switcheroo that we need to talk about if we're going to talk about the national debt.
tRumpstein ADDED $696 BILLION TO THE NATIONAL DEBT OVER THE PAST FOUR MONTHS ...
Borrowing $94 billion in January alone!!!
100% of Gross Domestic Product! The HIGHEST PERCENTAGE THE NATIONAL DEBT HAS EVER MADE UP OF GDP WAS 106%, and that was immediately following World War II
tRumpstein ADDED $696 BILLION TO THE NATIONAL DEBT OVER THE PAST FOUR MONTHS ...
Borrowing $94 billion in January alone!!!
100% of Gross Domestic Product! The HIGHEST PERCENTAGE THE NATIONAL DEBT HAS EVER MADE UP OF GDP WAS 106%, and that was immediately following World War II
It's just not your student or medical debts.
In his second term alone, Trump has already canceled $1.5 billion of criminal debt — payments fraudsters owe the federal government and victims.
They don't mind debt cancellation—for themselves.
It's just not your student or medical debts.
In his second term alone, Trump has already canceled $1.5 billion of criminal debt — payments fraudsters owe the federal government and victims.
They don't mind debt cancellation—for themselves.
It did not include any changes to the debt limit.
President Musk suffers his first legislative wedgie.
It did not include any changes to the debt limit.
President Musk suffers his first legislative wedgie.
Kept the government open. Invested in improving lives. Responsible budget cuts.
Washington: Republicans control House, Senate, Oval Office.
Government shutdown. Driving up health care costs by thousands. Skyrocketing national debt.
Kept the government open. Invested in improving lives. Responsible budget cuts.
Washington: Republicans control House, Senate, Oval Office.
Government shutdown. Driving up health care costs by thousands. Skyrocketing national debt.
Republicans want to nuke the debt limit so that Trump has free rein to spend unchecked and explode the debt!
Republicans want to nuke the debt limit so that Trump has free rein to spend unchecked and explode the debt!
By @mariaaspan.bsky.social
By @mariaaspan.bsky.social
Moody’s downgraded our credit rating for the first time in U.S. history.
We went from a AAA to AA1 rating.
The company cited rising government debt and persistent fiscal deficits.
Yet Republicans and Donald Trump want to raise the debt.
🤦♀️
Moody’s downgraded our credit rating for the first time in U.S. history.
We went from a AAA to AA1 rating.
The company cited rising government debt and persistent fiscal deficits.
Yet Republicans and Donald Trump want to raise the debt.
🤦♀️
Trump's CFPB not only wants to scrap it, but has even joined forces with corporate groups suing to block it.
Government for the people vs government for the powerful.
Trump's CFPB not only wants to scrap it, but has even joined forces with corporate groups suing to block it.
Government for the people vs government for the powerful.
1. Fed Gov has had public debt as a tool since Hamilton's days as SecTreas treasurydirect.gov/government/h...
2 Debt up way more under Trump than Biden. www.crfb.org/papers/trump...
1. Fed Gov has had public debt as a tool since Hamilton's days as SecTreas treasurydirect.gov/government/h...
2 Debt up way more under Trump than Biden. www.crfb.org/papers/trump...