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Raise the debt limit cleanly

Speaker McCarthy and MAGA Republican terrorist are trying to hold America's and the World economy hostage. This after they rubber stamped Trumps tax guveaway to the top 1% that exploded the debt more tben anyone else in US history. . Republicans need to pay the bills they have racked up!

Democrats cleanly Raise the debt three times under Trump. Also the righteous Biden has lowered the debt in just 2 years then most have in four or eight years.
Spotpot · 41-45, M Best Comment
Republicans drive the economy in to ruins Democrats fix it thats how it been the last hundred years.
@Spotpot capitalism kills, inequality kills and the Dems certainly don't help us at all.

GJOFJ3 · 61-69, M
Current. * As of May 1, 2023, the U.S. Treasury's official figure for the debt of the federal government is $31.5 trillion, or more precisely, $31,457,398,880,451.
This equates to: $93,988 for every person living in the U.S.

[image deleted]
President Biden definitely has NOT reduced the national debt
GJOFJ3 · 61-69, M
@Diotrephes I was responding to the op
[quote] Also the righteous Biden has lowered the debt in just 2 years then most have in four or eight years.[/quote]
TexChik · F
@whowasthatmaskedman omg is your head buried in the sand ? Congress is struggling with raising the debt limit and Biden send another $328 M in military supplies to the Ukraine . Yo genius ! Trumps economy was the best we have had in 5O years, Biden has no economy , just high taxes and spend more than we take in . The lib congress Unser Trump could not afford $5 B to secure the border , and yet happily has sent over $850B to the Ukraine in 2 years . 🙄🙄🙄
whowasthatmaskedman · 70-79, M
@TexChik Stop reading Trumps publicity and learn to read a balance sheet. The items set to the Ukraine are current inventory and "surplus to requirements". The items will then be replaced by US manufacturers who are rubbing their hands with glee at the profits, particularly considering the shortage or wars for America right now.
As for the rest, your statement thats Trumps economy was the best you had in 50 years covers it all..I simply dont need to waste the keystrokes to reply..😷
DeWayfarer · 61-69, M
Good point! Some percentage facts are needed though for comparison with real links to back it up!

Just happen to have some comparisons of ALL presidents for the last fifty years!


50 year U.S. Debt by President Short % table

Joe R. Biden..projected 46.36% *
Donald J. Trump......40.43%
Barack Obama..........69.98%
George W. Bush... 105.08%
William J. Clinton.....31.64%
George H. W. Bush..54.39%
Ronald Reagan........ 186.36%
Jimmy Carter............ 42.79%
Gerald Ford..................47.11%

* Projection by:

Please notice Ronald Reagan's and Bush Jr's increases.


Avg Dem increases: 47.69%
Average Rep increases: 86.67%

Now why do they make an issue at all, when they caused the most damage‽ 🤷🏻‍♂️

Notice none give any links! Just complaints about the current party.
SumKindaMunster · 51-55, M
TexChik · F
Wow, you sound like a liberal propaganda slogan. Biden lowered the dept? You are completely full of shit! 😂 The only thing worse than a lib is one who lies. Well you all lie, so there is that. 🤷‍♀️
sunsporter1649 · 70-79, M
@TexChik I'm wondering where that $4.9 trillion that the gubberment took in in taxes last year went....
SumKindaMunster · 51-55, M
I have no idea what ideological bubble you live in, but its definitely a biased, partisan one.

Thinking one of the major Political parties has your interests at heart is laughably naive. 😆😉
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whowasthatmaskedman · 70-79, M
In terms of Americas needs you are correct...But lets see the bigger picture for a moment, since America seems intent to throw itself on the economic scrapheap of the world..The $US has had a good run. almost 80 years as the go to currency of the world. And in that time it has done a lot of good..America was a trading and development powerhouse and deserved its place. But gradualy the rot of corruption and self interest has set in and America has become a "taker" nation on the world stage to benefit its own..And more lately, to benefit only its own rich and well connected.. And now that trend is spreading to other countries in the form of a right wing political resurgence..Since is seems likely Americans wont do anything drastic about this, being horribly divided amongst themselves, I think it might be worth a global recession to flush the $US out of the global trade arena and put it on a par with other regional currencies...😷
whowasthatmaskedman · 70-79, M
@SumKindaMunster True. But it is a pretty important point.. And so many people are still saying it isnt so... I do talk about other stuff...😷
SumKindaMunster · 51-55, M
@whowasthatmaskedman I guess I have an issue with how giddy you are about this. What's so fucking funny about the collapse of the world economy and world order?

You may think this won't impact you, but it will, as well as the people that you care about.

I don't' understand why you are so excited for this. It seems like you advocate for the collapse of the Western world and thinks its funny.
whowasthatmaskedman · 70-79, M
@SumKindaMunster We actually totally agree on this. First it will effect us,worldwide...Just like the Global Financial Crisis, which was Wall Streets making and the rest of the globes fault for buying into.. And just like that one, your government will do its best to cover its @SS and try to protect the rich by bailing them out ( I dont differentiate here Republicans or Democrats will do the same..) And No, it was never funny for anyone. Pardon me if I skip a few steps here. Or this will turn into War & Peace..But America has been bouncing off one cushion after another, avoiding a recession it needed asfter the Dot com bubble and bust. Exch time they created the next bubble. Derivatives, Real estate. and the ammo to support it like the ninja loans. and each time the bubble burst they bailed out the guilty, by printing more money, the value of which held up because other people wanted $US to use for trade (all this stuff it what I have been harping on about for years, as you say. And the reason I have been harping on is because at any time Americans could have bitten the bullet, had the recession they needed to restore Balance to the value behind their $ instead of printing more and diluting it further..But they didnt)
Now recessions are like avalanches.. If you delay having it, it only gets bigger and happens later and is more destructive.. I have been warning about this as well..
Thats the backstory.......
Now here is how it plays out.
China is winning the economic world war 3 as we speak.
They are about to destroy the only weapon America has left to fight with. The $US being the reserve currency for trade which keeps the $ artificially in demand. Knock out that key stone and the avalance starts. But this time no one wants the $US and the value in exchange plummets. It could go as low as half the current value, but thats a gloomy guess. So the price of every import to the US doubles.
Now at this point things are bad for everyone,. We all catch a trade recession. How bad will vary, because China and its money will be there and will decise who gets what help... So some will get support, credit and trade.. And maybe even have their spare $US bought off them cheap, just as a friendly gesture.. So China is the global good Samaritan..
Domestically in America, they keep printing $ to the point where they will have value only for what you can produce locally, so no one will starve. (unless the government allows it) But in terms of standard of living, at the very least you are going to have to rebuild industies in all the jobs you shipped overseas. There is a decade gone.. And you will be paying massively higher labour costs.. And that is the optimistic outcome IF every American gets behind the cause as they did in World war 2, to get production up and support the government. And we both know how likely that is..
So. No.. It is not with glee or delight I predict any of this. Its a frigging disaster globally and particularly for America, because you will be in the past like the British Empire.. In fact my sense of irony called up the Monty Python "Life of Brian" "What have the Romans ever done for us" skit.. But I do confess a certain "I told you so" satisfaction to some of those "people" here who would rather use insults to express themselves by finding a defence in facts, or better yet, looking at the facts and seeing whats coming. The Roman Empire wasnt too big to fail, Nor the British, Nor the American. I am sure the turn of the Chinese will come. What I am not sure of is how they will deal with America. An invasion would be stupid, they will already own the place.. Probably look to Hong Kong for a guide,,,
Just a little something to lighten the mood:
[b][i]LOWERED[/i][/b] the debt? Take another bong hit 🤣
LOL tax and spend democrats and trillion dollar “infrastructure” bills that only put 7% of the money into actual infrastructure. 😆 What a crock
Diotrephes · 70-79, M
@stratosranger[quote] LOL tax and spend democrats and trillion dollar “infrastructure” bills that only put 7% of the money into actual infrastructure. 😆 What a crock[/quote]

Just another typical Repub lie =
@Diotrephes CNN! 🤣🤣🤣 Communist Network News
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wildbill83 · 36-40, M
[quote]Democrats cleanly Raise the debt[/quote]

what exactly does that mean? how do you "cleanly" spend more money than you take in?

makes about as much sense as "cleanly smearing your own shit all over the walls".... 🤔
Diotrephes · 70-79, M
@wildbill83 You, and the vast majority of adult Americans, spend more money than you take in on a regular basis. Think about all of the money you owe on your debts. Without that debt, you wouldn't have a damn thing.
Gave a trillion to Corporations and the rich and then threaten Biden's economy. The middle class will pay for decades, for the rich to get richer.
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Diotrephes · 70-79, M
@OldMan70 Without the debt the working man would be a starving man.
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Heartlander · 80-89, M
Raising the debt ceiling will simply water down the value of the US dollar on the world stage. Raising debt limits are justified with greater production, greater profits, and economic expansion. US GDP has been moving sideways while debt has been soaring.
whowasthatmaskedman · 70-79, M
@Heartlander So how do you think Americans will respond to the idea that their living standard is doint to drop by a couiple of $ Trillion a year.?😷
specman · 51-55, M
Obama increased the debt more than Trump. UnderBiden it is higher than ever before
specman · 51-55, M
@MagickalYoungWitch Biden has not lowered it. AND Obama increased it more than Trump
specman · 51-55, M

The Ruling

Misleading Material
Misleading material.

The Biden administration has not reduced the national debt by $1.7 trillion. It has increased by about $3.5 trillion during Biden's term in office. The national debt has not decreased year-on-year since the late 1950s.

The $1.7 trillion figure refers to a reduction in the deficit realized between fiscal year 2020 and 2022.

However, the clip shared on Twitter which highlighted this claim omitted a correction of sorts shortly after, where Biden said the $1.7 trillion reduction was from the deficit, not the debt.

Read above link about Biden
Diotrephes · 70-79, M
@specman Congress is responsible for funding all government expenses; the President doesn't have anything to do with it.
The ecosystem is dying but Americans aren't trying.
Inequality is killing all Americans, rich and poor. But you have no plans to change a thing.
Crazywaterspring · 61-69, M
@Roundandroundwego That is why those billionaires are fixated on colonizing other planets. Leave this one a shell while they escape to another eden.
@Crazywaterspring a man from Langley told me about it in the late eighties. It's not even new. This planet is toast and he's leaving.
Crazywaterspring · 61-69, M
Republicans know they'll be reelected. Screw things up, Democrats fix things somewhat, Republicans take credit and are elected.

That's American politics.
redredred · M
They legalized dope in your state, right?
Diotrephes · 70-79, M
@redredred Marijuana is now legal in 23 States.
redredred · M
@Diotrephes Yesh but they didn’t make it obligatory as apparently she thinks.
Hello MagickalYoungTroll, back to stir up more mud?😆
Diotrephes · 70-79, M
The Dems should peronalize the debt ceiling fight and identify McCarthy as the #1 domestic enemy who is trying to deprive 66,000,000 Americans of their Social Security benefits and not pay the military personnel.

On top of that, the debt ceiling law is unconstitutional and should be immediately repealed.
If it really turns out to be as simple as invoking the 14th amendment and ending these debt ceiling dramas forever, Biden should have his ass kicked for cutting short a trip to Asia, and making the US once again look like an unreliable partner to Asian countries, which naturally writes a propaganda narrative that China will love to milk

Obama did the same thing a decade ago, which does not help US goals in an area of the world where autocratic China wants to dominate

Hopefully the progressive Democrat wing is right, and the 14th amendment is the permanent solution that ends this GQP hostage theater forever, but how do you force the old man to fucking do it NOW? Yes, it may need to be litigated, up to SCOTUS, but for FFS why did he never even consider this, when the same thing happened ten years ago when was VP?!?!?! It is time for being proactive, not reactive.

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