this post was submitted on 23 Oct 2025
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[–] return2ozma@lemmy.world 165 points 5 months ago
[–] switcheroo@lemmy.world 107 points 5 months ago (1 children)

And not a peep out of the party of "fiscal responsibility".

Really says something about the Cons, doesn't it.

[–] Bronzebeard@lemmy.zip 36 points 5 months ago

Yeah they've been pushing that false narrative while being the reason we keep increasing our spending while also cutting revenue for DECADES.

[–] AlexLost@lemmy.world 57 points 5 months ago (2 children)

And you all got stimulus cheques this time too, right?! Right..?

[–] FahrenheitGhost@lemmy.world 24 points 5 months ago

I'm still living off the last one. I couldn't even imagine doubling such wealth.

[–] kibiz0r@midwest.social 8 points 5 months ago

$400 check, and $400k in PPP loans that I will totally repay (if I have to)

[–] RizzRustbolt@lemmy.world 56 points 5 months ago (1 children)

We cut all those programs and jobs and the deficit still went up?

I wonder what happened to all that money they were saving by doing that?

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[–] Formfiller@lemmy.world 47 points 5 months ago

Let them eat cake

[–] TheDemonBuer@lemmy.world 42 points 5 months ago (2 children)

Oh no, this train is not slowing down. It can't. In fact, it has to speed up. At least, the currency debasement has to speed up.

[–] Semi_Hemi_Demigod@lemmy.world 18 points 5 months ago (2 children)

Currency debasement is a great way to kill an empire. I wholeheartedly endorse it.

[–] prole@lemmy.blahaj.zone 13 points 5 months ago (4 children)

Kill the American Empire, so the MAGA empire can rise. Just like Weimar

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[–] redsand@lemmy.dbzer0.com 10 points 5 months ago

When this baby hits 88 you're gonna see some serious shit

[–] _stranger_@lemmy.world 36 points 5 months ago

He was president during the pandemic

[–] d00phy@lemmy.world 35 points 5 months ago (2 children)

BuT rEpuBliCaNs R BetR Fur ThE ecONomY!

[–] Bronzebeard@lemmy.zip 9 points 5 months ago (2 children)

You'd have to go back to the 1800s for that to even have a chance at being slightly true.

[–] RustyShackleford@programming.dev 14 points 5 months ago

Eisenhower was a Republican and he used social programs to build the US interstate highway system and the infrastructure necessary for the predecessor to our modern airport infrastructure and space program.

The highest top marginal tax rate during Dwight D. Eisenhower's presidency (1953-1961) was 91%, which applied to the highest income bracket. (Note: In 1952 and 1953, the top rate was 92%, dropping to 91% for 1954–1963.)

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[–] ShaggySnacks@lemmy.myserv.one 34 points 5 months ago (1 children)

Damn, those Republicans are great at managing the government's finances.*

*This a scarstic comment

[–] Jumi@lemmy.world 11 points 5 months ago

I'm sure you wanted to write sarcastic but I can imagine the happenings recently may have left some scars.

[–] kikutwo@lemmy.world 28 points 5 months ago

bIDeNs eCoNoMiE

[–] Suavevillain@lemmy.world 27 points 5 months ago (1 children)

Then if Dems get in power suddenly Republicans will care about spending again. Everyone knows how this song and dance goes.

[–] Spacehooks@reddthat.com 4 points 5 months ago (1 children)

If dem tears down east wing during a shutdown and you'll hear bad decorum or some bs and massive smear campaign about federal workers not being paid.

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[–] BananaTrifleViolin@lemmy.world 25 points 5 months ago (1 children)

Wow, interest alone on the debt is now hitting $1trillion a year and expected to hit $14 trillion in 10 years!?

And this is despite Americans being taxed $350bn through trumps tarrifs.

Elon Musk is very quiet about this - wasn't this why he went all in on DOGE?

[–] RememberTheApollo_@lemmy.world 27 points 5 months ago

He went for Doge to remove or incapacitate agencies inconveniencing his businesses, particularly SpaceX. The Doge Dumbasses wrecked everything else by vibe.

[–] pinheadednightmare@lemmy.world 24 points 5 months ago (3 children)

He really needs to put something around his neck to cover up his neckitalia. It’s really disgusting

[–] ThePantser@sh.itjust.works 4 points 5 months ago

That's where the Russian dick is Putin

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[–] Fedizen@lemmy.world 20 points 5 months ago

Trumpflation returns. Its the biggest, most beautiful type of inflation where rich people get richer and everyone else pays more.

[–] Lushed_Lungfish@lemmy.ca 19 points 5 months ago (1 children)

Why did no one warn us that a failure of a businessman would utterly fail at the business of running an economy?

[–] DupaCycki@lemmy.world 4 points 5 months ago (1 children)

First a failed painter. Now a failed businessman. Who's gonna be next?

[–] prex@aussie.zone 3 points 5 months ago (2 children)

I can bake a rubbish cake.

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[–] jaykrown@lemmy.world 13 points 5 months ago (1 children)

Unstoppable debt spiral. Basically this, the more people come to realize it's never being paid back, the faster it will grow, and the faster it grows, the more people realize it's never being paid back. It doesn't really mean anything at this point.

[–] AA5B@lemmy.world 12 points 5 months ago (2 children)

Even if that were true, you can’t escape the consequences

https://www.investopedia.com/ask/answers/061515/what-are-some-historic-examples-hyperinflation.asp#%3A%7E%3Atext=Hyperinflation+is+a+rapid+and%2Cits+currency+value+became+worthless.

Is the U.S. at Risk of Hyperinflation?

There would need to be a significant and highly unlikely drop in production and a massive increase in circulating currency for hyperinflation to occur in the U.S.

You my think that paragraph on the us is encouraging, but consider today’s reality

  • disruption caused by general tariffs government investments, and the government reneging on commitments is quite likely to cause a sudden drop in production. There is a lot of recession talk
  • the current administration is trying to force the federal reserve to effectively print money, create a massive increase in circulating currency by cutting interest rates, total Y the opposite of what you need to do to control inflation
[–] fluffykittycat@slrpnk.net 4 points 5 months ago (1 children)

Hyperinflation would be so cool. I would pay off my student loans for the price of a dozen eggs

[–] Laser@feddit.org 6 points 5 months ago

Surely there'd be no other downsides

But yeah inflation outpacing interest is mostly good for the borrower.

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[–] PalmTreeIsBestTree@lemmy.world 12 points 5 months ago (2 children)

When does Great Depression 2.0 start?

[–] 4grams@lemmy.world 11 points 5 months ago

Been to the grocery store? I’d say it’s ramping up right on schedule.

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[–] Deconceptualist@leminal.space 10 points 5 months ago

Oh don't worry, this administration will make sure we beat the previous record with a new pandemic.

[–] venusaur@lemmy.world 10 points 5 months ago (1 children)
[–] Wispy2891@lemmy.world 12 points 5 months ago

Especially when someone else has to pay for it

[–] BigBenis@lemmy.world 9 points 5 months ago (1 children)

A Republican, the party of fiscal responsibility, ballooning the national debt to record numbers? Who could have seen that coming??

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[–] chunes@lemmy.world 8 points 5 months ago (3 children)

National debt shouldn't be called debt. All it does is confuse idiots who think it's the same thing as their personal budget.

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[–] rizzothesmall@sh.itjust.works 6 points 5 months ago

Is it great again yet?

[–] DirkMcCallahan@lemmy.world 6 points 5 months ago

Susan Collins is very concerned.

[–] MrsDoyle@sh.itjust.works 4 points 5 months ago (4 children)

Who actually owns this debt? Who is getting the interest payments? It seems like every country runs on some kind of deficit - where is all this money coming from?

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