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Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by assimpleaspossi on Wednesday April 16, 2025 @09:26PM (#43712156)
So you think the US $35 trillion debt is not a problem and Trump's cost cutting is?
Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by shepherdjerred on Thursday April 17, 2025 @12:16AM (#43713073)
Who is going to make America pay when it is dominant?

Alternatively, what is America going to do when nobody respects it anymore?

The US is in a much better position with debt and power than it will be net zero and ostracized

Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by whamlastxmas on Thursday April 17, 2025 @03:56AM (#43714171)
If American defaults on its debt it would absolutely destroy the economy. This is a really weird take
Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by mindslight on Thursday April 17, 2025 @10:57AM (#43717875)
Yes, a default on the debt would be a terrible thing. Most American debt is denominated in USD. The US is monetarily sovereign, meaning it can always create more USD at will. This means that the US can only default on its debt voluntarily, which is exactly the type of economic catastrophe that Trump is doing his best to cause.
Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by shepherdjerred on Thursday April 17, 2025 @02:59PM (#43720806)
I'm not saying the US should default on the debt, just that it never, in practice, actually has to pay it back.
Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by mcphage on Wednesday April 16, 2025 @10:50PM (#43712631)
Well, the first thing is, he actually needs to cut costs. Which he has not.
Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by mindslight on Wednesday April 16, 2025 @09:41PM (#43712259)
As a student of Austrian economics and a proponent of actual fiscal conservatism, correct. The United States is monetarily sovereign and controls the world reserve currency. The biggest threat to our country is a loss of faith in the United States as a world leader, which Trump is doing his damnedest to facilitate.
Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by josefresco on Thursday April 17, 2025 @08:41AM (#43715961)
Trump has added 7.1 trillion in debt, more debt than any other president in history.

Source: https://www.investopedia.com/democrats-vs-republicans-who-ha...

Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by assimpleaspossi on Sunday April 20, 2025 @08:24AM (#43743352)
So who added the additional $28 trillion dollars? (Assuming what you say is true.)
Re:Seth Rogen Speaks Truth to Billionaires, Gets Censored fo... by wraaath on Monday April 21, 2025 @01:14AM (#43748677)
It's in the link above, but in text format for those not willing to click: (source was from the US treasury department bureau of fiscal service)

Deficit under administration of: Republicans: Trump: +7.1T HW Bush: +2.2T W Bush: +2.1T Reagan: +1.7T Ford: +781.2B Hoover: +246.4B Nixon: +7.2B

Democrats: Obama: +5.6T Biden: +2.8T FDR: +1.3T Clinton: +614.4B JFK +194.8B Wilson: +191.9B

The rest of the presidents (D/R) - had net reductions in deficit.