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Trump tax bill to add $3.4tn to US debt over next decade, new analysis finds
(www.theguardian.com)
That's just the forecast. Wait till the end of his term.
this post was submitted on 22 Jul 2025
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“end of his term.” That seems hopeful. Doomerism aside, it seems so far away. It has been the longest 6 months of my life but he really just started his term.
Oh his term will end in not too many years one way or another. Dude is a pretty unhealthy 79 year old.
People were predicting Trump would die in office of health complications back in 2017.
These people have the best health care in the world. They have armies of staffers to see to their every whim. Their day-jobs consist of pounding on a desk for an hour or two a day and retreating back to their Government Issued Man Caves to watch FOX News until their eyeballs bleed. They won't die.
Hell, Dick Cheney's still alive and his heart doesn't even beat anymore.
Tech bubble pops, housing bubble pops, tariffs and trade wat causing inflation, leading to devastating depression. Things can go fast.
Tech bubbles they're re-starting the crypto bubble, there's the AI bubble, the streaming bubble, ads on ads on ads bubble, cloud-all-the-things bubble, the centuries-old "use illegal foreign labour to keep costs low and profits high" bubble... that one isn't really tech, but it has kept the American economy inflated for quite a while..
I think the next step is them re-starting sub-prime mortgages
re-starting sub-prime mortgages
If there ever was a sign for all other countries to sell dollars fast it's that one.
The Hater's Guide To The AI Bubble
There's a real reason to believe that the MAG7 are precariously perched on the back of an overly-bullish outlook for future silicon chip sales. We also saw some general uncertainty in the market after Trump threatened to fire Powell (again).
And the dollar itself has been on a steady downward slide - over 15% since the start of Trump's term - which means US import power is deteriorating. Combined with the tariffs, we could very easily be looking at another supply chain crisis in the near future.
Does that mean America Is Over? Are we going to have a Greater Depression before Trump's term is out? 1000 years of darkness? Eh.
But a repeat of 2008 or the 2020 COVID crash isn't outside the realm of possibility. Compound this with the state of the legislature and their urge to speculate instead of govern, and you can see a lot of solvable minor issues balloon into major crisises simply because the people in charge of addressing the problems don't act quickly.
Maga: But that's okay cause Trump debt is good debt!
They will pay it back in "Melania-Coins".
Anyone who says republicans are fiscally responsible should be laughed out of the room
The joke is that Democrats say it. Straight back to the Reagan Era, we had Tip O'Neil and Ted Kennedy compromising with these fuckers in order to shave away chunk after chunk of the New Deal / Great Society programs. Carter, Clinton, Obama, and Biden all played Compromiser to the intransigence of ultra-orthodox fiscal conservatives. And each new administration brought with it a new landmine for the American economy to trip over, setting off another ugly recession and new wave of poverty.
Yet still so many insist on voting for them for the "economy".
Wasn't that also true before though?
It might have been true once, I don't know, but for as long as I've been paying attention they have been fiscally irresponsible and have the track record to show for it.
If a republican is talking they are lying.
Inflation is good now!
MAGA in 2024: "I can't feed my family! Egg prices are too high! Biden is turning my country into Communist North Korea!"
MAGA in 2025: "Why do you hate the free market? Get a better fucking job, you bum."
the party of fiscal responsibility
He does know a thing or two about debt...
trump plans to file chapter 11 bankruptcy just like always then we dont have to pay the national debt. checkmate.
So the economic crisis will come sooner? Gidi up!