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underpants

(196,349 posts)

52. There was a lot of discussion in the 90's of what a debt free US would mean

Reply to WarGamer (Reply #35)

Sun Oct 19, 2025, 07:17 PM

Oct 2025

As I remember it, the consensus was that the US needs to carry debt. It has to do with bonds and the dollar mostly.

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America is 'going broke slowly' says J.P. Morgan, as national debt balloons and tariff revenue looks shaky [View all] Historic NY Oct 2025 OP

That's the downside of America becoming a Trump property. RedWhiteBlueIsRacist Oct 2025 #1

We have a dotard as POTUS who daily demeans & degrades bronxiteforever Oct 2025 #2

Yeah, Trump knows more about bankruptcy than anyone! ananda Oct 2025 #3

Yes, this will be his ultimate bankruptcy, his crowning achievement PatSeg Oct 2025 #11

Damage will become evident to magats long after trump exits..theyll blame Dems BlueWaveNeverEnd Oct 2025 #15

Hopefully some will realize finally that PatSeg Oct 2025 #42

You gotta hand it to Trump though bucolic_frolic Oct 2025 #4

That's been a long-term goal of the Conservative Movement since Reagan Vogon_Glory Oct 2025 #5

Says one of the people responsible for it. OldBaldy1701E Oct 2025 #6

Why do you say that? Explain specifically with reference to David Kelly, Ph.D. Bernardo de La Paz Oct 2025 #9

It is just cynicism. OldBaldy1701E Oct 2025 #21

There are enough people actually responsible that we don't have to scatter-shot toss blame around Bernardo de La Paz Oct 2025 #23

Well, we failures are known for our mistakes. (n/t) OldBaldy1701E Oct 2025 #34

This message was self-deleted by its author Stacey Grove Oct 2025 #39

Who does this benefit and how? Irish_Dem Oct 2025 #7

The system works like this: Farmer-Rick Oct 2025 #30

Thanks FR for the info. Irish_Dem Oct 2025 #31

People in the US markodochartaigh Oct 2025 #54

tariff revenue? dugog55 Oct 2025 #8

No. Nothing in the statement makes it sound like "income from other countries". Bernardo de La Paz Oct 2025 #16

TAX THE RICH! Chasstev365 Oct 2025 #10

Beat me to it. Martin Eden Oct 2025 #22

Dave Ramsey talks about getting out of debt. You make the hole (debt) smaller paying it down. You stop the hole from 3Hotdogs Oct 2025 #12

So the answer is to invest outside the US???? AnnaLee Oct 2025 #13

That should speed things along Strelnikov_ Oct 2025 #24

The filthy-rich actually do invest their money in the US Farmer-Rick Oct 2025 #32

Huh. With dozens of criminal finance geniuses in charge, sucking our blood dry with interest and fees librechik Oct 2025 #14

The guy J.P. Morgan supported for POTUS MLWR Oct 2025 #17

Please reference the specific report you saw about who they supported for president. Bernardo de La Paz Oct 2025 #20

Morgan and Dimon always supports tax cuts for the wealthiest Americans Autumn Oct 2025 #41

Please show specifics. I've searched (have you?) and I'm not finding support for your contention. Bernardo de La Paz Oct 2025 #44

So where the link where your Dimon says he votes for Democrats? Autumn Oct 2025 #45

Your contention is NOT supported by facts. My facts show that Morgan and Dimon were neutral. Bernardo de La Paz Oct 2025 #46

Your facts are about the same as my opinion. No proof that Autumn Oct 2025 #47

My facts show roughly equal funding and no endorsement. You have no facts. Bernardo de La Paz Oct 2025 #48

David Walker has been preaching about this for a very long time nitpicked Oct 2025 #18

Kelly, not Walker. Where do you get Walker involved in this? Not a hint of JP Morgan in Walker's bio. Bernardo de La Paz Oct 2025 #37

To be fair some of the recent expenditures were driven by events nitpicked Oct 2025 #19

planned poozwah Oct 2025 #25

America is 'going broke slowly' Mr.Bee Oct 2025 #26

All their citizens are happy? Your France can't be the one in Europe. DFW Oct 2025 #57

And yet Morgan has been the team that promoted $trillion tax cuts for the richest Americans dlk Oct 2025 #27

Link please. Kelly rightly condemns tariffs for being a regressive tax that hurts the poor Bernardo de La Paz Oct 2025 #43

I don't recall Morgan opposing tariffs before tbey were implemented dlk Oct 2025 #50

Your claim about JP Morgan could not be backed up with credible facts. I am judgemental about unsupportable claims. . nt Bernardo de La Paz Oct 2025 #51

JP Morgan, March 3, 2025, month before announcement & two before implementation, Bernardo de La Paz Oct 2025 #53

Condescension noted dlk Oct 2025 #68

This message was self-deleted by its author Celerity Oct 2025 #63

That is only HALF the story Bluetus Oct 2025 #28

Well said Farmer-Rick Oct 2025 #33

Your second paragraph nails it, ... the historically unsustainable concentration of wealth & income in the 1%. . . nt Bernardo de La Paz Oct 2025 #40

The orange asshole is running the nation like one of his casinos. nt Javaman Oct 2025 #29

The mistake is decades old... WarGamer Oct 2025 #35

Expenditures already require 60 votes in Senate. . . . nt Bernardo de La Paz Oct 2025 #38

There was a lot of discussion in the 90's of what a debt free US would mean underpants Oct 2025 #52

But not the size of debt that the service on it... costs more than the Pentagon. WarGamer Oct 2025 #55

Are you for automatic tax hikes to make up any shortfall? W_HAMILTON Oct 2025 #59

In 1936, conservatives sought to use mandatory taxes to close a deficit... in an attempt to kill the new deal. WarGamer Oct 2025 #60

So you'd prefer automatic spending cuts, which is what conservatives want to do TODAY. W_HAMILTON Oct 2025 #62

the national debt is very similar to the CO2 hockey stick... WarGamer Oct 2025 #67

Let's cut taxes for rich people more Johonny Oct 2025 #36

Everything Krasnov touches dies. Joinfortmill Oct 2025 #49

Tariff REVENUE is higher taxes on Americans. Norrrm Oct 2025 #56

BILLIONAIRES ARE LOOTING THE US Treasury, thanks to TRUMP and his GOP accomplices! Jack Valentino Oct 2025 #58

tRump has only been repeatedly successful at one thing: BANKRUPTING Blue Owl Oct 2025 #61

Trump is ballooning hildegaard28 Oct 2025 #64

"Gradually, then all at once." hatrack Oct 2025 #65

Quit giving tax cuts to people who don't pay taxes. Emile Oct 2025 #66