General Discussion

poozwah

(379 posts)

25. planned

Sun Oct 19, 2025, 09:51 AM

Oct 19

bankruptcy was planned long ago. republicans have long hated social programs that helped the middle and lower classes. in the seventies they realized that outright opposition to those policies would be suicidal and they adopted a starve the beast strategy then began to implement it with reagan’s tax cuts. tax cuts were and are enormously popular even though they only benefit a few, and the democrats, political expedient assholes that all politicians are, jumped on board the debt train which increased the speed of our decline into the financial hell we now reside. before reagan the total accumulated debt from our founding to the beginning of reagan’s 1st administration was about 3/4 of a trillion dollars. now we find ourselves some $30+ trillion in debt.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Vogon_Glory

68 replies

= new reply since forum marked as read

Highlight:

America is 'going broke slowly' says J.P. Morgan, as national debt balloons and tariff revenue looks shaky [View all] Historic NY Oct 19 OP

That's the downside of America becoming a Trump property. RedWhiteBlueIsRacist Oct 19 #1

We have a dotard as POTUS who daily demeans & degrades bronxiteforever Oct 19 #2

Yeah, Trump knows more about bankruptcy than anyone! ananda Oct 19 #3

Yes, this will be his ultimate bankruptcy, his crowning achievement PatSeg Oct 19 #11

Damage will become evident to magats long after trump exits..theyll blame Dems BlueWaveNeverEnd Oct 19 #15

Hopefully some will realize finally that PatSeg Oct 19 #42

You gotta hand it to Trump though bucolic_frolic Oct 19 #4

That's been a long-term goal of the Conservative Movement since Reagan Vogon_Glory Oct 19 #5

Says one of the people responsible for it. OldBaldy1701E Oct 19 #6

Why do you say that? Explain specifically with reference to David Kelly, Ph.D. Bernardo de La Paz Oct 19 #9

It is just cynicism. OldBaldy1701E Oct 19 #21

There are enough people actually responsible that we don't have to scatter-shot toss blame around Bernardo de La Paz Oct 19 #23

Well, we failures are known for our mistakes. (n/t) OldBaldy1701E Oct 19 #34

This message was self-deleted by its author Stacey Grove Oct 19 #39

Who does this benefit and how? Irish_Dem Oct 19 #7

The system works like this: Farmer-Rick Oct 19 #30

Thanks FR for the info. Irish_Dem Oct 19 #31

People in the US markodochartaigh Oct 19 #54

tariff revenue? dugog55 Oct 19 #8

No. Nothing in the statement makes it sound like "income from other countries". Bernardo de La Paz Oct 19 #16

TAX THE RICH! Chasstev365 Oct 19 #10

Beat me to it. Martin Eden Oct 19 #22

Dave Ramsey talks about getting out of debt. You make the hole (debt) smaller paying it down. You stop the hole from 3Hotdogs Oct 19 #12

So the answer is to invest outside the US???? AnnaLee Oct 19 #13

That should speed things along Strelnikov_ Oct 19 #24

The filthy-rich actually do invest their money in the US Farmer-Rick Oct 19 #32

Huh. With dozens of criminal finance geniuses in charge, sucking our blood dry with interest and fees librechik Oct 19 #14

The guy J.P. Morgan supported for POTUS MLWR Oct 19 #17

Please reference the specific report you saw about who they supported for president. Bernardo de La Paz Oct 19 #20

Morgan and Dimon always supports tax cuts for the wealthiest Americans Autumn Oct 19 #41

Please show specifics. I've searched (have you?) and I'm not finding support for your contention. Bernardo de La Paz Oct 19 #44

So where the link where your Dimon says he votes for Democrats? Autumn Oct 19 #45

Your contention is NOT supported by facts. My facts show that Morgan and Dimon were neutral. Bernardo de La Paz Oct 19 #46

Your facts are about the same as my opinion. No proof that Autumn Oct 19 #47

My facts show roughly equal funding and no endorsement. You have no facts. Bernardo de La Paz Oct 19 #48

David Walker has been preaching about this for a very long time nitpicked Oct 19 #18

Kelly, not Walker. Where do you get Walker involved in this? Not a hint of JP Morgan in Walker's bio. Bernardo de La Paz Oct 19 #37

To be fair some of the recent expenditures were driven by events nitpicked Oct 19 #19

planned poozwah Oct 19 #25

America is 'going broke slowly' Mr.Bee Oct 19 #26

All their citizens are happy? Your France can't be the one in Europe. DFW Oct 19 #57

And yet Morgan has been the team that promoted $trillion tax cuts for the richest Americans dlk Oct 19 #27

Link please. Kelly rightly condemns tariffs for being a regressive tax that hurts the poor Bernardo de La Paz Oct 19 #43

I don't recall Morgan opposing tariffs before tbey were implemented dlk Oct 19 #50

Your claim about JP Morgan could not be backed up with credible facts. I am judgemental about unsupportable claims. . nt Bernardo de La Paz Oct 19 #51

JP Morgan, March 3, 2025, month before announcement & two before implementation, Bernardo de La Paz Oct 19 #53

Condescension noted dlk Oct 21 #68

This message was self-deleted by its author Celerity Oct 20 #63

That is only HALF the story Bluetus Oct 19 #28

Well said Farmer-Rick Oct 19 #33

Your second paragraph nails it, ... the historically unsustainable concentration of wealth & income in the 1%. . . nt Bernardo de La Paz Oct 19 #40

The orange asshole is running the nation like one of his casinos. nt Javaman Oct 19 #29

The mistake is decades old... WarGamer Oct 19 #35

Expenditures already require 60 votes in Senate. . . . nt Bernardo de La Paz Oct 19 #38

There was a lot of discussion in the 90's of what a debt free US would mean underpants Oct 19 #52

But not the size of debt that the service on it... costs more than the Pentagon. WarGamer Oct 19 #55

Are you for automatic tax hikes to make up any shortfall? W_HAMILTON Oct 19 #59

In 1936, conservatives sought to use mandatory taxes to close a deficit... in an attempt to kill the new deal. WarGamer Oct 20 #60

So you'd prefer automatic spending cuts, which is what conservatives want to do TODAY. W_HAMILTON Oct 20 #62

the national debt is very similar to the CO2 hockey stick... WarGamer Oct 20 #67

Let's cut taxes for rich people more Johonny Oct 19 #36

Everything Krasnov touches dies. Joinfortmill Oct 19 #49

Tariff REVENUE is higher taxes on Americans. Norrrm Oct 19 #56

BILLIONAIRES ARE LOOTING THE US Treasury, thanks to TRUMP and his GOP accomplices! Jack Valentino Oct 19 #58

tRump has only been repeatedly successful at one thing: BANKRUPTING Blue Owl Oct 20 #61

Trump is ballooning hildegaard28 Oct 20 #64

"Gradually, then all at once." hatrack Oct 20 #65

Quit giving tax cuts to people who don't pay taxes. Emile Oct 20 #66