How many of you have heard the following commercial...

[healthmyths]

"How many times has the US Debt been greater than gross national product? Two times:
1) Right after WWII
2) And now."

So what does really mean?
The $35 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts.

National Debt Clock: What Is the National Debt Right Now?

What is the total national debt? What is the debt per person? See the latest numbers and learn more about the causes of our high and rising debt.

www.pgpf.org

U.S. Net Wealth Is Over $135 Trillion. Here’s Where That Money Resides.
Notably, approximately 75% of the $32 trillion-plus total federal debt is domestically held.

https://www.barrons.com/articles/net-wealth-is-over-135-trillion-where-that-money-resides-d722c9c6

This means the $135 Trillion of assets after liabilities is nearly 3 times the amount of US Debt.
In 2023, the federal government spent $658 billion on net interest costs on the national debt or 1.88% in interest on $35 trillion of national debt.
Isn't there something that can be done... Like:
1) Stop spending more than the revenue we pay.
2) or charge a Federal Debt reduction tax

 

[TroglocratsRdumb]

The greedy corrupt Democrat Party doesn't care about the national debt.
They treat the taxpayers like they are their slave.

 

[BluesLegend]

The greedy corrupt Democrat Party doesn't care about the national debt.
They treat the taxpayers like they are their slave.

Obama and Democrats came up with a brilliant plan...rather than run on unpopular tax increases now, just borrow and spend all the money and FORCE the tax increases later by claiming we must pay our bills.

 

[Donald H]

The only relevant part of this is being ignored by the working class. Ovr 90% of the net wealth is in the hands of a few very wealthy Americans.

But of course Trump is going to fix that but he will have to wait until his last few days in office! Have faith!

And if Trump is late by a few days, the next president will be doing it in his first 100 days!

 

[Lesh]

Does anyone realize that the debt from WWII was never repaid?

Over time inflation made it irrelevant

 

[whitehall]

Actor Bill Devane is trying to sell gold and silver. It beats former governor Huckabee trying to sell junk pills that are supposed to offer a better night sleep. In a just world the advertisers would be required to state the amount of compensation given to the celebs who sell us stuff they probably don't use themselves.

 

[Dont Taz Me Bro]

The greedy corrupt Democrat Party doesn't care about the national debt.
They treat the taxpayers like they are their slave.

So there's no difference between them and the Republicans.

 

[d0gbreath]

The national debt must constantly increase, or capitalism can't function.

 

[justoffal]

"How many times has the US Debt been greater than gross national product? Two times:
1) Right after WWII
2) And now."

So what does really mean?
The $35 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts.

National Debt Clock: What Is the National Debt Right Now?

What is the total national debt? What is the debt per person? See the latest numbers and learn more about the causes of our high and rising debt.

www.pgpf.org

U.S. Net Wealth Is Over $135 Trillion. Here’s Where That Money Resides.
Notably, approximately 75% of the $32 trillion-plus total federal debt is domestically held.

https://www.barrons.com/articles/net-wealth-is-over-135-trillion-where-that-money-resides-d722c9c6

This means the $135 Trillion of assets after liabilities is nearly 3 times the amount of US Debt.
In 2023, the federal government spent $658 billion on net interest costs on the national debt or 1.88% in interest on $35 trillion of national debt.
Isn't there something that can be done... Like:
1) Stop spending more than the revenue we pay.
2) or charge a Federal Debt reduction tax

Eliminate payroll taxation... go over to straight consumption tax. Revenue should triple....
Take 50 percent of each year's
Intake to pay down the debt.
Should be able to do it in about 7 years.

 

[SassyIrishLass]

The national debt must constantly increase, or capitalism can't function.

What the actual fck? You're an idiot

 

[healthmyths]

Eliminate payroll taxation... go over to straight consumption tax. Revenue should triple....
Take 50 percent of each year's
Intake to pay down the debt.
Should be able to do it in about 7 years.

Notably, approximately 75% of the $32 trillion-plus total federal debt is domestically held.

U.S. Net Wealth Is Over $135 Trillion. Here’s Where That Money Resides.

https://www.barrons.com/articles/net-wealth-is-over-135-trillion-where-that-money-resides-d722c9c6

This means the $135 Trillion of assets after liabilities is nearly 3 times the amount of US Debt.
In 2023, the federal government spent $658 billion on net interest costs on the national debt or 1.88% in interest on $35 trillion of national debt.
Isn't there something that can be done... Like:
1) Stop spending more than the revenue we pay.
2) or charge a Federal Debt reduction tax

 

[Dragonlady]

The national debt must constantly increase, or capitalism can't function.

Bullshit. The national debt wouldn’t increase at all, if the USA taxed at the same rate that it spends. The obvious solution is to increase taxes or cut military spending in half.

 

[candycorn]

"How many times has the US Debt been greater than gross national product? Two times:
1) Right after WWII
2) And now."

So what does really mean?
The $35 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts.

National Debt Clock: What Is the National Debt Right Now?

What is the total national debt? What is the debt per person? See the latest numbers and learn more about the causes of our high and rising debt.

www.pgpf.org

U.S. Net Wealth Is Over $135 Trillion. Here’s Where That Money Resides.
Notably, approximately 75% of the $32 trillion-plus total federal debt is domestically held.

https://www.barrons.com/articles/net-wealth-is-over-135-trillion-where-that-money-resides-d722c9c6

This means the $135 Trillion of assets after liabilities is nearly 3 times the amount of US Debt.
In 2023, the federal government spent $658 billion on net interest costs on the national debt or 1.88% in interest on $35 trillion of national debt.
Isn't there something that can be done... Like:
1) Stop spending more than the revenue we pay.
2) or charge a Federal Debt reduction tax
View attachment 988781

And you’re voting for the guy who ran up $8T in debt in 4 years and promises the same things again?

Somehow your “concern” is making me chuckle.

 

[elektra]

The only relevant part of this is being ignored by the working class. Ovr 90% of the net wealth is in the hands of a few very wealthy Americans.

You are greedy, calling other peoples wealth, private property, yours.

 

[Harpy Eagle]

And you’re voting for the guy who ran up $8T in debt in 4 years and promises the same things again?

Somehow your “concern” is making me chuckle.

And I feel pretty confident in assuming in all his adult life he has never voted for anyone that has spent less than the guy before them.

 

[justoffal]

Notably, approximately 75% of the $32 trillion-plus total federal debt is domestically held.

U.S. Net Wealth Is Over $135 Trillion. Here’s Where That Money Resides.

https://www.barrons.com/articles/net-wealth-is-over-135-trillion-where-that-money-resides-d722c9c6

This means the $135 Trillion of assets after liabilities is nearly 3 times the amount of US Debt.
In 2023, the federal government spent $658 billion on net interest costs on the national debt or 1.88% in interest on $35 trillion of national debt.
Isn't there something that can be done... Like:
1) Stop spending more than the revenue we pay.
2) or charge a Federal Debt reduction tax

Exactly....what household can take in 1k/ a week and put out 2K/ a week?

 

[d0gbreath]

Bullshit. The national debt wouldn’t increase at all, if the USA taxed at the same rate that it spends. The obvious solution is to increase taxes or cut military spending in half.

Since neither one of those are doable, do you have any workable solutions?

 

[justoffal]

Bullshit. The national debt wouldn’t increase at all, if the USA taxed at the same rate that it spends. The obvious solution is to increase taxes or cut military spending in half.

Lol.....simpleton....if taxes were raised to meet the spending every household in the US would perish. Wrong answer.

 

[justoffal]

Does anyone realize that the debt from WWII was never repaid?

Over time inflation made it irrelevant

Yep!!

 

[ColonelAngus]

"How many times has the US Debt been greater than gross national product? Two times:
1) Right after WWII
2) And now."

So what does really mean?
The $35 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts.

National Debt Clock: What Is the National Debt Right Now?

What is the total national debt? What is the debt per person? See the latest numbers and learn more about the causes of our high and rising debt.

www.pgpf.org

U.S. Net Wealth Is Over $135 Trillion. Here’s Where That Money Resides.
Notably, approximately 75% of the $32 trillion-plus total federal debt is domestically held.

https://www.barrons.com/articles/net-wealth-is-over-135-trillion-where-that-money-resides-d722c9c6

This means the $135 Trillion of assets after liabilities is nearly 3 times the amount of US Debt.
In 2023, the federal government spent $658 billion on net interest costs on the national debt or 1.88% in interest on $35 trillion of national debt.
Isn't there something that can be done... Like:
1) Stop spending more than the revenue we pay.
2) or charge a Federal Debt reduction tax
View attachment 988781

Yea, but Trump mean Tweets!!!!