August1991 Posted July 21, 2025 Report Posted July 21, 2025 (edited) From what I understand, with this budget, the US federal debt will increase by $3 trillion over 10 years. Or, $300 billion per year. The US GDP is about $30 trillion at present. You Americans plan to borrow against your future growth. ==== If the US GDP is growing faster, federal tax revenues will grow faster. But if not, the US government is a Ponzi scheme. Edited July 21, 2025 by August1991 Quote
August1991 Posted July 21, 2025 Author Report Posted July 21, 2025 Your federal American government has already borrowed over 100% of your GDP. Clearly, you are borrowing faster than you can pay back. And, you Americans want to borrow more? Quote
robosmith Posted July 21, 2025 Report Posted July 21, 2025 5 hours ago, August1991 said: Your federal American government has already borrowed over 100% of your GDP. Clearly, you are borrowing faster than you can pay back. And, you Americans want to borrow more? RepubliCONS want to borrow more, but not to INVEST, just to give tax breaks to their bankrollers. Every time they gain power, they trot out deficit stimulus spending and it always crashes the economy. See 2008 for the last disaster due to Rove's "permanent Republican majority" plan. The Rise of Karl Rove Vanity Fair https://www.vanityfair.com › News › september 2012 issue Aug 7, 2012 — Bush. The second one allowed Rove to re-establish his power and gave a new life to his vision of creating a “permanent Republican majority.” The ... Quote
paxamericana Posted July 21, 2025 Report Posted July 21, 2025 (edited) 5 hours ago, August1991 said: Your federal American government has already borrowed over 100% of your GDP. Clearly, you are borrowing faster than you can pay back. Currency is ultimately a stored value of trust. The question is how much do you trust the American dollar versus other potential alternative say gold or bitcoin or another country's currency. Edited July 21, 2025 by paxamericana Quote
robosmith Posted July 21, 2025 Report Posted July 21, 2025 19 minutes ago, paxamericana said: Currency is ultimately a stored value of trust. The question is how much do you trust the American dollar versus other potential alternative say gold or bitcoin or another country's currency. Trust depends on who is in charge and what they do. The dollar has been in steep decline. 2:50 YouTube · WION US Dollar Off To Its Worst Start In 50 Years In 2025 | WION YouTube · WION 1 week ago The dollar marked its worst start to a year in over four in over five decades. Quote
Deluge Posted July 21, 2025 Report Posted July 21, 2025 6 hours ago, August1991 said: From what I understand, with this budget, the US federal debt will increase by $3 trillion over 10 years. Or, $300 billion per year. The US GDP is about $30 trillion at present. You Americans plan to borrow against your future growth. ==== If the US GDP is growing faster, federal tax revenues will grow faster. But if not, the US government is a Ponzi scheme. Until we can find a president that isn't afraid to tie government agencies to a tree and beat them with a shovel, I'm not sure what else we can do. He'll also have to be able to redirect tax dollars to actual debt, but that could get him erased. It's hard to say what to do at this point. Quote
paxamericana Posted July 21, 2025 Report Posted July 21, 2025 9 minutes ago, robosmith said: Trust depends on who is in charge and what they do. The dollar has been in steep decline. 2:50 YouTube · WION US Dollar Off To Its Worst Start In 50 Years In 2025 | WION YouTube · WION 1 week ago The dollar marked its worst start to a year in over four in over five decades. I disagree, the US is still the top dog regardless of who is in the Whitehorse. We are the world currency reserve. We are the only market of size to survive for at-least the next 40 years given this demographic crash into mass retirement. Quote
robosmith Posted July 21, 2025 Report Posted July 21, 2025 30 minutes ago, paxamericana said: I disagree, the US is still the top dog regardless of who is in the Whitehorse. We are the world currency reserve. We are the only market of size to survive for at-least the next 40 years given this demographic crash into mass retirement. Trump is destroying the dollar with his haphazard tariffs and reckless deficit spending on tax breaks. That's why the dollar decline is unprecedented. Quote
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