4d ago

Trump tax bill to add $3.4tn to US debt over next decade, new analysis finds

www.theguardian.com

United States | News & Politics @midwest.social

Davriellelouna @lemmy.world

4d ago

Trump tax bill to add $3.4tn to US debt over next decade, new analysis finds

www.theguardian.com /us-news/2025/jul/21/trump-tax-bill-debt-cbo-report

23 comments

Maga: But that's okay cause Trump debt is good debt!
- They will pay it back in "Melania-Coins".
That's just the forecast. Wait till the end of his term.
- “end of his term.” That seems hopeful. Doomerism aside, it seems so far away. It has been the longest 6 months of my life but he really just started his term.
  
  Oh his term will end in not too many years one way or another. Dude is a pretty unhealthy 79 year old.
- Tech bubble pops, housing bubble pops, tariffs and trade wat causing inflation, leading to devastating depression. Things can go fast.
  
  Tech bubbles they're re-starting the crypto bubble, there's the AI bubble, the streaming bubble, ads on ads on ads bubble, cloud-all-the-things bubble, the centuries-old "use illegal foreign labour to keep costs low and profits high" bubble... that one isn't really tech, but it has kept the American economy inflated for quite a while..
  I think the next step is them re-starting sub-prime mortgages
Inflation is good now!
- MAGA in 2024: "I can't feed my family! Egg prices are too high! Biden is turning my country into Communist North Korea!"
  MAGA in 2025: "Why do you hate the free market? Get a better fucking job, you bum."
Anyone who says republicans are fiscally responsible should be laughed out of the room
- The joke is that Democrats say it. Straight back to the Reagan Era, we had Tip O'Neil and Ted Kennedy compromising with these fuckers in order to shave away chunk after chunk of the New Deal / Great Society programs. Carter, Clinton, Obama, and Biden all played Compromiser to the intransigence of ultra-orthodox fiscal conservatives. And each new administration brought with it a new landmine for the American economy to trip over, setting off another ugly recession and new wave of poverty.
- Yet still so many insist on voting for them for the "economy".
- Wasn't that also true before though?
  
  It might have been true once, I don't know, but for as long as I've been paying attention they have been fiscally irresponsible and have the track record to show for it.
- If a republican is talking they are lying.
the party of fiscal responsibility
He does know a thing or two about debt...
trump plans to file chapter 11 bankruptcy just like always then we dont have to pay the national debt. checkmate.
Trump: 'I'm the king of debt'
So the economic crisis will come sooner? Gidi up!

23 comments