it’s like you believe you can tariff them expecting they won’t do the same. Why do you believe the rest of the world is not going to retaliate and why do you believe America can prosper without the rest of the world?
What’s the point of having a military alliance with countries you puts tariffs on? That’s unfriendly to say the least.
I’m not a Republican, but I’ll bite.
The U.S. is kinda in a bad spot right now. Not just politically but economically as well. Our National Debt is the highest it’s ever been. While I’m 100% for taxing Billionaires and their Trillion dollars companies more, by like, a lot, the Billionaires of course don’t want that. So they’re trying to cut what they can and wheel and deal. Why support Climate Change (French EU thing, I don’t remember) acts when you can [pocket the money] use that to pay down debt? The War in Ukraine has unfortunately been drawn out too long for us to stay financially invested in it. Our allies across the sea won’t be able to help our country balance our debt when they have Ukraine to worry about as well. So they’ve decided to put pressure on every external source of revenue while cutting what they can without getting lynched.
Let’s talk about Canada and Mexico, but first, a bit of H I S T O R Y. Back in the 90s or 00s the Clinton Administration implemented NAFTA. The agreement sounded good on paper: Strength our border countries. Lifts us all up by giving all the countries jobs, more opportunity, more demand. While outsourcing our manual labor we can focus on the future: Technology! Hindsight is 20/20 though. Why not move our business to a country where we pay lower wages and will end up with higher profits for future investments (like yachts)? Why not get cheaper parts instead of paying the U.S. prices? A ton of manual labor jobs were lost, and many cities (car manufacturing cities, steel cities, etc.) simply never recovered. NAFTA stayed in place more or less until Trump Trumped it into the USMCA in 2020. That gets renegotiated in 2026 with all 3 countries either coming to an agreement or dissolving the agreement.
From all accounts, NAFTA certainly seemed harmful to the American industry at the time, but can that industry recover, and should it? Personally, I don’t think so, but they seem to think so. So, from my point of view, the reason they’re alienating allies is to extort them for money to help pay down the National Debt and hopefully grow back American industries lost over 2 decades ago.
The ‘‘aid’’ we send to Ukraine is the US goverment using US money to buy US products and have the military drop them off. Those millions we send to Ukraine is money we have and keep in our economy, why conservatives are so fucking stupid they can’t figure this out is infuriating. Yes. Saw off you legs to lose weight. You’ll lose SO much.
Not even. A lot of the “aid” is
US gets
Why the hell is this supposed to be a point in favor? I don’t support the military-industrial complex, because I’m not a right-winger or a hawk.
Profitable is a point in favor, if you’re one of them. Strong supply chain is a point in favor, if you’re a hawk or if you think we do need defense
Profitable for the rich. Defense for the rich. Both are points against.
It’s a bit more complicated than that. We’re not just sending missiles, some of it is logistical, funding, training - some of it doesn’t just come back into our economy, and not in full. For example, there is a fund in the billions for Ukraine and allies to buy weapons from us on a need by basis - but like not immediately. It has been years, it could be years.
More importantly though a good portion of these funds were out of bounds of the National Budget causing National Debt to grow. Now, I’m not saying Ukraine is the sole reason the National Debt is out of control, it’s been a long time coming, but we’re peaking. We print more money, the value of the dollar drops, things get more expensive not just national but worldwide since the dollar is an international currency reserve.
The money is still in the US but in private hands rather than public. Just because the money primarily stays in the domestic economy doesn’t mean there’s no cost to it.
If you want more money in public hands, holy shit is supporting a republican at any point from Regan to Trump the dumbest shit you could vote for. This is the party of ‘‘goverment doesn’t work’’ and privatization of all public services. They have never been shy about just how little tax revenue they want to end up in gov service to citizens.
I’m aware. I’ve never voted Republican in my life and don’t intend to.
In american workers hands too.
Funny you think they’re going to actually pay down the debt.
I’m cautiously optimistic. They cut 22 Billion in Social Services. If things keep getting worse, regular people are going to start wondering where that money is going and the veil will be lifted.
Regular people are dumb af they elected that orange shit stain while he spit in our faces.
So I’m not really confident they’re gonna connect any dots.
They are not going to bring it down, Trump increased the debt a huuge amount. https://www.investopedia.com/us-debt-by-president-dollar-and-percentage-7371225
I know that’s why I thought it was funny! Got to find the humor in this mess right now. Hoping we can right the ship but right now Trump is steering us into an ice berg full speed ahead
Trump added a lot to the national debt. https://www.investopedia.com/us-debt-by-president-dollar-and-percentage-7371225
Every president has. It’s been a growing problem through multiple different administrations now. This isn’t a party issue, it’s a “Eat the Rich” issue. The Billionaire class has taking but not putting back in, and they’re expecting regular working people to foot the bill. That’s why the 22 Billion dollar cut on Social Services through HHS instead of taxing the 400+ Billionaires in America.
Republicans literally add to the debt everytime they’re elected.
So do Democrats, it’s been on a hot run for the last decade or so. Through Obama, through Trump, through Biden, and now back to Trump. This is a multi-party issue and the solution is to tax Billionaires.
I’m disagreeing. Even though Clinton was the last president to decrease the debt when he left office.
But as a liberal, I’m not worried about the National Debt if they’d just cut military spending, which is like saying you wanna kill a baby now, since 9/11.
We need forgiveness from China, not tariffs.
You’ve really bought into the propaganda there, besides Clinton our national debt has always been the “highest” every year. The most important factor is foreign vs domestically held debt, and that ratio hasn’t changed for the worse.
Obviously we have some spending concerns, but financially that’s not the primary concern for the US right now (and we wouldn’t be talking tax cuts if it was).
Maybe I have bought into the propaganda, but am willing to learn more. If we’re pouring Trillions from our National Budget into paying down the ever-growing Federal Debt, where’s the tipping point for the dollars value?
This debt has been ever-growing, by the +5 trillion pretty much every administration, and American prosperity has been on a decline (maybe not for you, but the city I’m sitting in feels it). If we’re not going to tax Billionaires (which we fucking should, by a lot) then what’s the next best thing to bring better prosperity to the American Working Class?
Finally, what do you feel is America’s primary economic concern?
While the amount of debt has been ever growing, it hasn’t relative to GDP. When it has grown, it’s grown primarily due to policies from Bush and Trump. Both of these president’s also passed massive tax breaks which is a significant contributing factor to the national debt.
At the end of the day, the national debt only matters if we can’t pay it. All the cuts being made to federal spending right now are more significant because they will slow down the economy and cause reverberations for years to come (public research and investment are multipliers for the economy in many ways).
As you call out, we should be taxing billionaires, which points to the larger economic concern right now for America - economic disparity.
Right now, the National Debt is ~125% of the GDP and is estimated to climb - we’ll know more March 27th when the quarterly report is published.
I had to do some research on this one because I wasn’t too familiar with how much weight the ratio factors in. For example, Japan is over 200%, but they’re well off due to societal/governmental factors such as low interest rates, high sovereign savings, and keeping a portion of the debt local to the nation itself. On the other hand, Greece is ~160% due to their last recession. They had worker strikes in 2024 due to stagnating wages, but they’re a come back with economic growth projected to hit ~2% and debt ratio to be at ~145% by the end of the year so it’s a bit of a mixed bag.
That being said, the U.S. is in quite a different situation economically. From what I can tell, it’s not great, but not catastrophic either. If our economic growth continues it’s upward trend, maybe we can balance it out. But, if our National Debt continues to grow, or if our GDP starts to taper off, the % gap may widen and we may see a slow and steady downturn in QoL. The economists I ran across seemed to agree that it could be a growing issue and something to keep an eye on how it’s handled. I thought this blogpost was a good read - it doesn’t get into all the nuance but is a decent summary / overlook. For an official overlook you can read the House Summary.
Finally, this is from the approved House 2025 Budget Document (or bill? idk), if you trust that, but it says:
On a sidenote, mmw kinda thing, I don’t think DJT is going to be a good fit for this situation. I don’t think the mixing of corporate interests, deregulation, and shaking of trees is going to pull us out of this mess but entrench the Nation. The only way out is to explain to regular people that our only solution is to tax the Billionaire class, and get our local politicians to enact change.