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I’m guessing a huge percentage of that increase went into Trump family pockets and pockets of their ultra-rich supporters.
I’m GLAD we ELIMINATED my VA Benefits and Social Security Office AND Federal Job to afford this TWO TRILLION DOLLAR INCREASE IN DEBT!
I’m GLAD we ELIMINATED my VA Benefits and Social Security Office AND Federal Job to afford this TWO TRILLION DOLLAR INCREASE IN DEBT!
What do you mean we?
I think they mean You, the people
Fun fact: We pay $2.6 BILLION dollars every 24 hours, just to SERVICE the debt.
Man, I would service a lot more for a lot less
They said efficiency. They never said in what direction
Yeah, the government is now highly efficient at funneling wealth to the top 5%.
I may lose my health insurance next year when premiums double or triple because of the republicans and the healthcare industries greed.
We are all in serious trouble and the media and the right are completely ignoring all the signs of the imminent collapse.
Just some $100.000 per citizen, right?
Wild.
Wow, yeah. Could you even imagine, if every US citizen had $100,000 in the bank?
Instead 15 individuals have around $2.6 trillion between them and the bottom 78% of Americans are struggling to afford groceries.
Sources:
https://www.forbes.com/forbes-400/
https://www.forbes.com/advisor/banking/living-paycheck-to-paycheck-statistics-2024/
If you work a 40 hour week, your share of the national debt is going up at like 3 dollars every hour you work
Doge was a cover for Elon to stop the investigations into his companies, and also a data theft.
Also cover up the tracks from the voter fraud he committed to ensure the election went the way they planned.
Copium. Half of america is okay with fascism. Better to accept it now.
There’s a quote that goes something like “fascism is where 1/3 the population kills another 1/3 of the population while the remaining 1/3 watches.”
1/3 is also a lot closer to how many voted for him.
It follows the pattern of every accusation being a confession. I was concerned about this in 2020, seeing all the arguments about voter fraud and such, and my thoughts were that they either committed a lot of fraud in the states they won and are trying to keep the attention on the states they didn’t do fraud in, or because they wanted their opponents to ridicule them about the thing so that their supporters would just think it’s the usual political back and forth where both sides just accuse the other of whatever would help them win.
I don’t think the truth will ever be known for sure unless there’s confessions at some point.
So you’re saying it’s 1 on 1.
Half <- there’s your problem. They tipped the scales to make absolutely sure.
guys what comes after trillions? quadrillions?
brazilians
Turns out it’s Argentinians
Hue
quatro commas
what has always annoyed me is that “trillion” isn’t 1000^3, it’s 1000^4, off by one error…
Bezos
A number we can’t even fathom
Even if you make same amount of debt every year, the the percentage the debt grows will always go down
🤓☝🏻
I’m waiting for trump coming with this graf
We increased debt only 3% in my period while dems trillions of dollars debt, trillions, it is big numbers, trillions, some say you could even buy minors with such amount of dollars, so many dollars
With My period is of course meant the time period he was currently thinking about, like in the sense of my time period I have in my head right now (less than a year but I will tell that only if someone say I lay)
Was just updated on the treasury site to $38,008,137,064,951.61. How shocking.
Turns out that 19 year old Big Balls doesn’t know how to balance a check book. Go figure.
Fun fact- several of the contracts DOGE canceled were “preferential purchasing” contracts. Basically, the government knows it will be ordering pens, paper, computers, and all the other bullshit out there. So supply companies pitch contracts that say ‘for every thing on this random list that you buy, we will sell it to you for X% under market rate, but you have to purchase the first however many hundred or thousand from us, or until you reach some amount of money.’ And they pitch prices based on current market rates, even though they know these contracts are locked in for 5+ years some times and simply have some basic 2-3% yearly increase built in.
It’s a win-win. The government gets to save you shit loads of tax dollars on things they were going to buy anyways, and some company is now doing massive volumes of buisness and pumping out jobs.
Then DOGE comes in and cancells all of the contracts and claims they ‘saved’ the amount the contract amount was for. Ignoring that the government was going to buy those things anyways. And now we have no way to purchase things. So contracts get hastily redone at post inflation prices, plus everyone is now padding their numbers, because ‘if they canceled the last contracts on a whim, why won’t the do the same again? And we have to make our profit.’
So now we have to pay a shit load more for everything all because DOGE wanted to claim they were saving us money.
Yeah, but have you considered that feelings don’t care about your facts?
All they need to do after reading a good explanation like the above is to say “well then the government shouldn’t be so inefficient.” Boom. Feeling of superiority restored and cognitive dissonance shoved down.
That’s when you say, I agree with you. They should update the VA medical claims system from pen and paper to an electronic one so they can be a lot more efficient.
Considering only 18% of veterans get the full benefits they are entitled to, that would cost way more than pens and paper.
I already know it’s a shit show. Thanks to you I now know it’s an even bigger shit show ❤️
Capitalism working as intended, rich people getting richier, poor people getting poorer, workers getting exploited more and more every day
There was a really nice budget breakdown by Senator Sheldon Whitehouse, he printed it all up on giant cards and showed it on the floor, I wish I could find it again.
Basically, the Republican tax cuts from three months ago alone account for a 10 year increase of 4.6 Trillion in added deficit, raise to 5.5 when you consider the federal government has to take out loans, and if the new budget goes through that goes up again to over 7 Trillion. Now, that gets offset by about… nothing, because DOGE only managed to cut federal employees whom in total including congress only account for 4.3% of the budget, and at the same time it disrupted operations which generated revenue when Trump cut over 200 government programs earlier in the year and also cut IRS staff and funding which by the IRS own estimate will cost an additional 500Bn loss in revenue THIS YEAR.
Now, the big pieces of meat that make up the majority of the budget are:
Mandatory Spending $4.1 Trillion: Social Security, Medicare, Medicaid, Income Security, and Other security including Civillian and Millitary Retirement Benefits
Discretionary Spending of $1.8 Trillion: Nondefense spending such as Veterans Benefits, Education, Transportation, and certain income security programs
And then add on a Net Interest from Loans the government has taken out to extend government operations of $881 Billion Dollars
So you can’t cut social security, you can’t cut medicare, you can’t cut medicaid, and you can’t cut defense. Where the fuck does the savings come from? The answer is it doesn’t. The Trump admin is bankrupting the federal government by giving out the biggest tax breaks in the history of the nation, and that’s the end of it.
They have already cut Medicaid in the last budget they passed. And, because the last budget also violated the PAYGO rule, because it did not pay for increased expenditures with increased taxes or cuts in other area, they may well have already cut Medicare.
If legislation does not pay for increases in mandatory spending or cuts in tax revenues, the cumulative amount of the projected increase in the deficit is averaged over two periods—5 years and 10 years. (Budget imbalances in the current budget year are included so in practice, the averaging is over 6 and 11 years.) The president is then supposed to sequester (i.e., withhold) enough funding from mandatory programs to offset that deficit increase.
The CBO has calculated that Medicare will be cut by $536 billion over the next decade due to sequestration of funds required by the PAYCO Act of 2010. To keep these cuts from going into effect, the GOP controlled Congress must pass a budget bill that pays for all the increased spending in Trump’s Big Bullshit Bill or a bill that waves the required sequestration of funds that will go into effect early next year.
Yeah, I mean he literally can cut those things, but I meant they can’t do that as in it’s a terrible idea because old white people will rise up against them.
…it’s a terrible idea because old white people will rise up against them.
The thing is, they did it. It’s done. They apparently don’t care about the old white people anymore because they don’t seem to think they have to worry about elections anymore.
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They absolutely want to be “forced” by the national debt crisis to privatize social security so they can funnel all that money that gets spent on it into Wall St speculation. That’s been the dream of the Republicans for decades.
Right on schedule: while Gen X starts to retire. It’s not like you’ve spent your whole life paying into it or anything.
The E stood for Elimination.
It sure is expensive for something that’s eliminated.
I’ve always found the elimination of my stuff to be incredibly expensive.
Excretion.
