Comments:
The definition of "insanity" is doing the same things over and over and expecting different results. Every president, from both parties, for the past 6 decades has has warned the American people and congress about the threat to our way of life if we fail to deal with excessive government spending - waste, fraud, abuse, and bureaucratic bloat. In 2023, Fitch DOWNGRADED our governments credit rating "citing fiscal deterioration, a high and growing debt burden, and erosion of governance." Moody's downgraded its outlook to negative, "citing declining fiscal stability and the government risking a default on its debt." These action increased to cost of government borrowing.
Currently the governments debt payments are approaching $1 TRILLION dollars a year. (the dept of defense budgert is $850B, FEMA is less than $1B, Medicare $850B, VA $325B) What should REALLY "scare" everyone, is the consequences of failing to deal with our UNSUSTAINABLE national debt. The chaos we are experiencing today will pale in comparison to the "emergency" measures the government will take before it faces a certain default. Sit back and tighten your seat belt, torching Tesla's ain't gonna fix it and Trump's gonna be there for the next 4 years. PERHAPS, if the two parties could find common ground (remember Simpson-Bowles ...Obama ....2010) to work together, there is a chance to avoid further chaos in restructuring the debt, but it seems like long shot to me.
The definition of "insanity" is doing the same things over and over and expecting different results. Every president, from both parties, for the past 6 decades has has warned the American people and congress about the threat to our way of life if we fail to deal with excessive government spending - waste, fraud, abuse, and bureaucratic bloat. In 2023, Fitch DOWNGRADED our governments credit rating "citing fiscal deterioration, a high and growing debt burden, and erosion of governance." Moody's downgraded its outlook to negative, "citing declining fiscal stability and the government risking a default on its debt." These action increased to cost of government borrowing.
Currently the governments debt payments are approaching $1 TRILLION dollars a year. (the dept of defense budgert is $850B, FEMA is less than $1B, Medicare $850B, VA $325B) What should REALLY "scare" everyone, is the consequences of failing to deal with our UNSUSTAINABLE national debt. The chaos we are experiencing today will pale in comparison to the "emergency" measures the government will take before it faces a certain default. Sit back and tighten your seat belt, torching Tesla's ain't gonna fix it and Trump's gonna be there for the next 4 years. PERHAPS, if the two parties could find common ground (remember Simpson-Bowles ...Obama ....2010) to work together, there is a chance to avoid further chaos in restructuring the debt, but it seems like long shot to me.
Added: March 26, 2025 10:12:00 AM
Name: Charlie Cardinal
From: madison
Great points John. The trump tax cuts which was a huge win for the top 1 percent earnings ran up the debt limit more than any president before in his first term. Now he wants to do it again. Your points r valid. But the past track record and the current statements r just as valid. It seems turning the tables over on all these programs only benefit the well tio do. The less fortunate have to just * * * it up.
With all do respect, Trump puts us in the same category as what he thinks of people who serve in the military. “We all r just suckers and losers.”
Not to mention, the quality of people the President has surrounded himself do not lend any confidence whatsoever in figuring out positive ways to make positive change. (See the incompetence in the defense department this week or the conspiracy theory junkie RFK jr.)