America pays more interest on its debt, than it brings in, in taxes, approximately $ 1 trillion every 3 months, in interest
56-60, M
Roundandroundwego · 61-69
Yes. But if we started to quibble, your GDP will become laughable.
The USA borrows its war money so that it's not restrained by numbers and will pay interest on all that! It's a great way to empower the people who own the uniparty.
The USA does collect taxes enough to cover its other expenses.
The USA borrows its war money so that it's not restrained by numbers and will pay interest on all that! It's a great way to empower the people who own the uniparty.
The USA does collect taxes enough to cover its other expenses.
4meAndyou · F
https://www.reuters.com/world/us/what-is-trump-doing-not-doing-tackle-us-debt-2025-02-11/
https://www.econotimes.com/How-does-Donald-Trump-plan-to-handle-the-national-debt-in-2025-1695538
And...after reading the articles above, I noticed that they failed to insert the tariffs as a National Debt reduction tool. Trump DID ask us all if we thought he should pay down the National Debt with that tariff money.
https://www.econotimes.com/How-does-Donald-Trump-plan-to-handle-the-national-debt-in-2025-1695538
And...after reading the articles above, I noticed that they failed to insert the tariffs as a National Debt reduction tool. Trump DID ask us all if we thought he should pay down the National Debt with that tariff money.
4meAndyou · F
@ididntknow Tariffs are JUST starting to come in...but listen, guy...you don't WANT to hear any good news about America OR about Trump...so I won't waste my time.
nudistsueaz · 61-69, F
I'm curious. How does this affect you being in the UK?
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nudistsueaz · 61-69, F
@ididntknow Oh please tell me wise one?
ididntknow · 56-60, M
@nudistsueaz ignorance is bliss 🙄 world war of course, make sure you kiss your children or grandchildren goodnight, tonight
nudistsueaz · 61-69, F
@ididntknow The sky is falling, the sky is falling, run run run
Diotrephes · 70-79, M
@ididntknow
OK, so where does the money come from to pay the interest?
America pays more interest on its debt, than it brings in, in taxes, approximately $ 1 trillion every 3 months, in interest
OK, so where does the money come from to pay the interest?
Roundandroundwego · 61-69
@Diotrephes taxes and money creation. The public pays it.
ididntknow · 56-60, M
@Roundandroundwego money printing, America has the petro dollar, why do think BRICKS was invented
swirlie · 31-35
That's why Trump imposed tariffs. Trump's objective is to have other countries pay-off America's National Debt through the use of tariffs that are then charged to those foreign countries who use American store shelves to sell their products.
The only thing is, it isn't those foreign countries who pay the tariff charge, it is the American consumer who pays those tariffs. This is because the tariff is built into the price of the foreign-made product that sits on American store shelves which the American consumer purchases.
That is why everything has suddenly become SO expensive to buy in the USA.
The only thing is, it isn't those foreign countries who pay the tariff charge, it is the American consumer who pays those tariffs. This is because the tariff is built into the price of the foreign-made product that sits on American store shelves which the American consumer purchases.
That is why everything has suddenly become SO expensive to buy in the USA.
AnnaWasHere · 22-25, F
nudistsueaz · 61-69, F
What does the UK pay?
ididntknow · 56-60, M
MoveAlong · 70-79, M
@ididntknow I think we should sell Texas to Mexico or anyone else who would have it and just pay off the debt. Two problems solved.
ididntknow · 56-60, M
Well America just print more money, or sell bonds, to other countries, but no one wants to buy the bonds anymore, why do you think America are saying Venezuela is the drug capital of the world, they want the oil, that’s what empires do, expand and steal
Carla · 61-69, F
Trump says he's sitting on billions. No. 17 trillion.
That should be enough to make some payments.
That should be enough to make some payments.
ididntknow · 56-60, M
@Carla we can see, can’t we
Carla · 61-69, F
@ididntknow no. We cant see.
I believe that's why there is an investigation into it.
I believe that's why there is an investigation into it.
ZoeGrace19 · F
Roundandroundwego · 61-69
@ZoeGrace19 the Big Beautiful Bill made ice huger than education.