• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Serious question: Do no politicians care about the 30 trillion dollar national debt?

shortylickens

shortylickens

No Lifer
Or do they care but they're hoping the public won't vote them out of office before they die and leave the problem for younger people to fix?
 
No. Of course they dont. 93% of them is in it for themselves. There is few patriots in American politics.
Certainly not Manchin.
Republicans? Who is on the jan 6th committee? The rest? Cesspool.
Dems is hit and miss ... as for true idealists you'd have to go with Sanders or AOC, the rest has been corrupted to some degree.
 
"The budget will balance itself"

They don't care. They also don't care about stopping inflation, because they benefit from it. Big corporations make more money and they also get more tax revenue both from us for spending more money on everything, and from corporations for making more profits. They also get more returns from their investments into the big corporations that are making more money. It's a double win. End goal of the great reset is to get rid of middle class and transfer wealth to the elite and so far that's the direction things are going. You'll own nothing and you'll be happy, and you will eat ze bugs.
 
Red Squirrel said:
"The budget will balance itself"

They don't care. They also don't care about stopping inflation, because they benefit from it. Big corporations make more money and they also get more tax revenue both from us for spending more money on everything, and from corporations for making more profits. They also get more returns from their investments into the big corporations that are making more money. It's a double win. End goal of the great reset is to get rid of middle class and transfer wealth to the elite and so far that's the direction things are going. You'll own nothing and you'll be happy, and you will eat ze bugs.
Click to expand...
You do realize rich people hate inflation, right? They are net creditors, generally speaking, and inflation erodes the real value of the debt they own.
 
IronWing said:
If you were paying interest on 30T at a rate below inflation and you could print money to pay off your debt at any time, would you give a shit about your debt?
Click to expand...
I kinda, I kinda think you hit the nail on the head here.

There's a reason we have an almost trillion dollar military budget. Think people.
 
shortylickens said:
Or do they care but they're hoping the public won't vote them out of office before they die and leave the problem for younger people to fix?
Click to expand...
They do care:

(Federal Debt: Total Public Debt/1000)/Real Gross Domestic Product*100 | FRED | St. Louis Fed

Graph and download economic data for (Federal Debt: Total Public Debt/1000)/Real Gross Domestic Product*100 from Q1 1947 to Q2 2025 about public, debt, federal, government, USA, headline figure, real, and GDP.
fred.stlouisfed.org

Reagan - republican: 1981 - 1989 - tripled the debt/gdp
Bush I - republican: added another 25%
Clinton - democrat: reduced by 5%
Bush II - republican: added another 42%
Obama - democrat: added 34%
Trump - republican: added 25%
Biden - democrat: added 4%


Vote fiscal conservative! Vote Democrat! Vote Biden!


Democrats: Tax and Spend!
Republicans: Spend and run up the debt! Print money!



The real question:
Does debt matter when the rate of inflation exceeds the interest rate on treasury bonds?


ps: ibonds* for "everyone"**! (government website): https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm
*inflation indexed government bond
**only US citizens
 
Last edited:
fskimospy said:
What I would like to know is why people thing paying down the debt is good or desirable.
Click to expand...
No idea where it is, but at some point there is likely a point where there is just too much debt and it starts having negative effects. If not before, it might happen when you start printing money to pay interest on the debt.

I also would've so much rather the debt go to much more useful things, like anything other than PPP.
 
dank69 said:
Just saw a headline that Biden is on track to reduce the deficit this year by $1.3T.
Click to expand...
Doubtful but would like supporting evidence. The war in Ukraine is an admirable cause that the US Absolutely needs to support.
 
Last edited:
fskimospy said:
What I would like to know is why people thing paying down the debt is good or desirable.
Click to expand...
I mean you answered your own question previously. Hell, i used to believe seevicing the debt was necessary until you pointed out that 1) we own the debt (that part i knew) and 2) you can literally control monetary policy to manipulate the debt load.

99% of people think government debt is just like personal debt. You owe the bank, thats bad, pay it down.
 
dank69 said:
Just saw a headline that Biden is on track to reduce the deficit this year by $1.3T.
Click to expand...
Really? Where is that? Democrats are also in a hurry to send billions to China for their "green energy" plans. Where do you think most of "green energy" products are sourced from?

nypost.com

Biden brags that he cut the deficit — but US debt is actually rising, quickly

President Joe Biden’s deficit will be down from last year, but that’s only because he spent such gargantuan amounts then.
nypost.com nypost.com
 
One party bitches about a couple billion in base human needs being entitlements. Then gives a half a trillion cut to their business friends.

The other party wants to put half a trillion back into public health and welfare and sustainable energy at the cost of CEO stock options and quarterly earnings.

Tell me which is better for this country.
 
They did back in the day. I mean, they at least acted like they did, it was at least brought up from time to time. But now? They absolutely, positively, do not. All they care about is votes. And being responsible and not increasing the national debt (much less reducing it) they see as not getting votes. Which is almost certainly true in a world where "what free shit can you give me my vote goes to what you can do for me individually in the next 17 minutes" rules the roost.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top