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And yet state and local jurisdictions are clamoring for federal funds to shore up their own deficits
I don’t know much about economics, but Wikipedia tells me that the GDP for the entire country is $21.4 trillion. This deficit, if continued at this rate over a year, would be $10.4 trillion. If almost half of our GDP is based on deficit spending, shouldn’t that lead to monetary collapse or hyperinflation or something bad like that?
The "libertarian" president they called him. The party of "fiscal responsibility". Everytime they take office the deficit EXPLODES. I have no idea how people keep believing this shit.
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Hey, where all my “fiscal responsibility” republicans at??
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Don’t worry if Biden wins, the GOP will care about the deficit in November.
I would be fine with this if during better times (last three years) we underspent the budget and created a warchest for spending during things like pandemics or mass unrest. But that never happens. They go from spending more during times of trouble to spending even more when the trouble is over.
On January 21, 2021, if, god willing, Biden wins, Fox, OAN, Newsmax, etc. will all being doing wall to wall coverage of how awful our national debt is, and blame "the left" for the problem.
And angry GOPers are going to eat that shit up, and take to the streets. Again.
I'm tired of the fiscally irresponsible GOP. The Republicans are fat cats lighting their cigars with our hard earned tax dollars.
Then they send piles of our money to religious schools while our public schools languish.
Republicans start expensive overseas wars in countries that never attacked us. Why? So they can line the pockets of their defense contractor buddies. Meanwhile, our soldiers put in harms way barely scrape by, and our veterans care is underfunded.
Vote out all the fat cats.
Have to open he economy up and stop giving welfare to individuals and businesses.
Clearly, this is a non-issue... until a democrat is in charge. Then we have to get this wreckless tax and spend problem under control immediately. Someone has to be the adult in the room and tell the democrats they cant spend money they don't have.
That is insanity. Debt is future spending brought forward. We are talking so much wealth from the future it’s criminal.
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Meanwhile, the Dow Jones is up 500 points today because pharmaceutical corporations are gouging people and making a killing.
Disgusting.
Where my Tea Party fiscal patreets at?
trump has added $6,500,000,000,000 to the national debt since 1/20/17 and not a fucking peep about it from Fox News.
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