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Main cause of the national debt is an aging population.

We collected $4.9 trillion in revenue (i.e. taxes) but spent $6.8 trillion in 2024. The deficit of nearly $2 trillion is adding to the national debt

60% of of that expenditure went to Medicare, Medicaid and Social Security. The bulk of our wealth went to the old and the sick.

Interest payments alone on the $38.5 trillion debt pile are about $1 trillion a year, exceeding the U.S. military budget.

We are 1,000% going to go bankrupt as a country, and fail as a country if we don't deal with the old and the sick.
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4thdimensiondream · 70-79, M
How do you want to deal with us? Don’t forget we’ve been paying taxes longer than you’ve been alive.
sree251 · 41-45, M
@4thdimensiondream We know you have been paying taxes but back then the cost of living was a fraction of what it is now. Back then gas was ten cents a gallon. Now, it is what?
SunshineGirl · 36-40, F
@4thdimensiondream Donald Trump hasn't. Shall we go through tax returns and make a list of those who have paid most in relation to their income?
sree251 · 41-45, M
@SunshineGirl
Donald Trump hasn't. Shall we go through tax returns and make a list of those who have paid most in relation to their income?

Rich people pay taxes through the business corporations they own. Trump doesn't even want a personal salary as US President.
Strictmichael75 · 61-69, M
@sree251 look at the billions he has made as president, conflict of interest!
Impeach him
sree251 · 41-45, M
@Strictmichael75
look at the billions he has made as president, conflict of interest!
Impeach him

He made those billions right before your eyes like Jesus turning water into wine. Jealousy isn't going to get us anywhere. It's better to learn how to perform miracles.
Strictmichael75 · 61-69, M
@sree251 he’s a con man
Simple as that
4thdimensiondream · 70-79, M
@sree251 and now todays workers are paying more than we did. So what’s your point and solution? I mean I hope you’re not just saying get rid of us or let us fend for ourselves.
sree251 · 41-45, M
@4thdimensiondream
and now todays workers are paying more than we did. So what’s your point and solution? I mean I hope you’re not just saying get rid of us or let us fend for ourselves.

There is no solution until we learn to love our neighbor as ourselves.
Prison1203 · 61-69, M
@Strictmichael75 he lost Billions of dollars, best check before you speak
4thdimensiondream · 70-79, M
@sree251 is that a message you feel the Pres is spreading?
dancingtongue · 80-89, M
@sree251
We know you have been paying taxes but back then the cost of living was a fraction of what it is now

1. Neither Social Security nor Medicare were designed to pay the full cost of living & health care needs of the elderly; it was a safety net.
2. Few, if any, can live on them alone. So it is not like you are carrying all of us on your back.
3. Social Security, and to a lesser extent, Medicare were envisioned as trust funds, an endowment to be invested with the income primarily paying the bills. But Congress has deigned over the years to continually borrow from them, then having to borrow from elsewhere to pay what is owed in SSA and Medicare, and it is the debt burden that is the real killer. It is the credit card cycle that too many individuals fall into, where they wind up making minimal payments that essentially only pay the interest on the debt and never the principal.
sree251 · 41-45, M
@dancingtongue Quite right. Now that you have brought it out, the 60% of the budget that went to pay for Medicare and Social Security wouldn't have been necessary if the trust funds haven't been raided by Congress. Those funds are long gone. Congress is now using 60% of the current taxes collected to meet pay outs to the old and the sick.
Strictmichael75 · 61-69, M
@Prison1203 you don’t seem to be abreast of what’s happening
His bitcoin since becoming president is totally illegal, conflict of interest
Selling favours for money
As the so called financing of the ballroom
Which seems to be stalling and way over budget!
And let’s not start on the Kennedy Center !
Prison1203 · 61-69, M
@Strictmichael75 not if it was started before he became president, which it was , so how is it illegal?
Strictmichael75 · 61-69, M
@Prison1203 you must be joking!🙃
sree251 · 41-45, M
@Strictmichael75
you must be joking!🙃

He isn't joking. How come you two are of the same age?
Prison1203 · 61-69, M
@Strictmichael75 then tell me how it was legal for Obama to get a book deal while in office and get paid for it ?
Strictmichael75 · 61-69, M
@Prison1203 seriously?
We are not talking book deaks
But political favors for MONEY

Lol 😂
You JUST don’t get it!
Picklebobble2 · 56-60, M
@sree251 ....and who do you attribute the rise in the cost of living to over the last 30 years then ?
Not the 'boomers' is it.