America is 'going broke slowly' says J.P. Morgan, as national debt balloons and tariff revenue looks shaky

[poozwah]

25. planned

bankruptcy was planned long ago. republicans have long hated social programs that helped the middle and lower classes. in the seventies they realized that outright opposition to those policies would be suicidal and they adopted a starve the beast strategy then began to implement it with reagan’s tax cuts. tax cuts were and are enormously popular even though they only benefit a few, and the democrats, political expedient assholes that all politicians are, jumped on board the debt train which increased the speed of our decline into the financial hell we now reside. before reagan the total accumulated debt from our founding to the beginning of reagan’s 1st administration was about 3/4 of a trillion dollars. now we find ourselves some $30+ trillion in debt.