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Thirty Five Trillion Soon

antithesis

Posted 3:13 pm, 05/18/2024

So we should billions more to Ukraine, Biden says


I used to say the same thing, but then I did some research. Now I understand that is a much bigger issue... if Russia takes Ukraine then it's literally the end of the United States. We've discussed that before.

Realistically, though, our foreign assistance budget hasn't really changed too much over the years with the exception of 2022...

2017 - 48B
2018 - 48B
2019 - 49B
2020 - 52B
2021 - 53B
2022 - 70B
2023 - 59B
2024 - 5.9B

DB Cooper

Posted 3:03 pm, 05/18/2024

"If your income didn't, then that's more of a reflection on you or your industry than the economy..."

I do understand butt wipers are in big demand due the the aging population and such. But how is your poor old mammy doing?

Actually

Posted 1:26 pm, 05/18/2024

So we should billions more to Ukraine, Biden says

antithesis

Posted 4:29 pm, 05/17/2024

What anti is saying is that as long as the government is putting out it's doctored figures and telling us to believe everything is great we should do so.

If you make $50,000 a year and take out a loan for $50,000, that's a lot. But if you make $100,000 and take out a loan for $50,000, it's not so much. See the difference?

Another of her favorites is 'inflation doesn't matter as long as the government is telling us wage are going up faster'. My wages don't seem to be, though. How about yours?

Mine greatly outpaced the post-COVID inflation.

If your income didn't, then that's more of a reflection on you or your industry than the economy...

RollOn2

Posted 4:25 pm, 05/17/2024

What anti is saying is that as long as the government is putting out it's doctored figures and telling us to believe everything is great we should do so. Another of her favorites is 'inflation doesn't matter as long as the government is telling us wage are going up faster'. My wages don't seem to be, though. How about yours?

antithesis

Posted 4:02 pm, 05/17/2024

We're already talking about that, Armpit...

RollOn2

Posted 3:53 pm, 05/17/2024

The interest on the national debt is as much as the defense budget. Both are totally appalling.

Interest payments on the nation's ballooning debt just eclipsed spending on defense and Medicare, worrying policy experts who have warned this threatens to undermine U.S. economic stability.

In the first seven months of fiscal year 2024, which began in October, spending on net interest surged to $514 billion, surpassing spending on both national defense ($498 billion) and Medicare ($465 billion). In fact, interest costs have topped spending on veterans, education and transportation combined.

"Rising debt will continue to put upward pressure on interest rates," the Committee for a Responsible Federal Budget (CRFB), a nonpartisan group that advocates for lowering the national deficit, said in a statement. "Without reforms to reduce the debt and interest, interest costs will keep rising, crowd out spending on other priorities and burden future generations."

antithesis

Posted 12:29 pm, 05/17/2024

Irrelevant. All that matters is the Debt to GDP Ratio.

This is like complaining that inflation went up 3%, even though your income went up 5%.

tribune

Posted 12:28 pm, 05/17/2024

Trump knows how to take care of the situation, just borrow another $8.7 trillion.

sparkling water

Posted 12:16 pm, 05/17/2024

3+ Trillion per Year now.

https://www.usdebtclock.org/

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