Well, things like that happen when you throw money at billionaires instead of collecting taxes from them.
Witnessing the supreme white economy before your very eyes
Seriously?
What idiot thought it would take a trillion years for the US to rack up $37 in debt?
lmao
Came in to make the same stupid joke. Love to see I’ve been beaten to it.
Me too kolanaki, me too. I was so excited too, ah well, I’ll be faster next time.
Fucking Democracts not paying the debt down.
- Republicans
the title from Newsweek is so poorly written
The debt didn’t reach $37 just a trillion years early?
I initially parsed it as “the US reached 37 billion years before…” like it was a sci-fi apocalyptic piece set in the far future
It doesn’t even mean anything, it’s never being paid back.
I still waiting for the damn “trickle down economics“ that Reagan PROMISED!
If America paid attention to its own history Reagan would be remembered as the worst president
Second worst now, imo
Maybe third, Jackson was really fucking bad
An America that learns from Reagan would never have elected Trump
Yes, no argument here. I know Reagan holds a lot of responsibility for the prep, but i think trump is still worse
There is really a lot of competition for that spot.
It was ruled in court to be illegal in 1919 in the Dodge vs Ford lawsuit.
At the time, Ford himself wanted to: “My ambition is to employ still more men, to spread the benefits of this industrial system to the greatest possible number, to help them build up their lives and their homes. To do this we are putting the greatest share of our profits back in the business.”
But shareholders (both Dodge brothers of the Dodge car company) sued against this and in the end the judge declared that: “A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end and does not extend to a change in the end itself, to the reduction of profits or to the nondistribution of profits among stockholders in order to devote them to other purposes.”
Basically, if you attempted trickle down economics, you’d be “stealing” from the shareholders. Extra money is to be given to shareholders as dividends, not for boosting the pay of your employees if it doesn’t involve adding more profits to the bottom line.
When a dem is in power, the deficit is the most important topic. When a repub is in power, anything goes.
“Conservative” fiscal “responsibility”
That’s what a conman as leader of your country will get you. Fired half the government workforce, still spent more money than the last guy and he’s only been in office for 6 months. It only goes down from here folks, hope you enjoyed the ride. This is your last stop.
I’m planning to leave tbh
The euro, pound, and Swiss franc are each worth more than a US dollar.
How unexpected!
Who could’ve seen it coming?!
/s juuuust in case some dummy out there doesn’t get it
WE’RE NUMBER ONE! (…in debt).
USA UsA usaUAS … were the greatest!
i thought we were going to doge that bullet
The secret is Trump will debase our currency to the point where a hotdog stand charges a million dollars for a can of soda. Then our debt will be relatively meaningless and easy to pay off.
I really hate that so much in US politics right now reminds me of 1930’s Germany
it also originated in america too. before nazi was the kkk, and the nazis used our segregation laws to implement thier own.
all this really benefits putin, if usa is weakened economically, and constantly infighting, they wont have a chance of defending russians goals of expansions.
“300 buys you a sandwich.”
Quite possibly a view into our future. Let’s hope the end of Nick Offerman’s performance is prescient.
Eh the media is already pretending Trump’s Biggest Tax In History will be turned into a cash funnel to pay down the debt. When in reality not a single dollar will flow there. The media is back to being totally complicit.
Pun is warranted and acceptable. Thank you
You did … by leaning into it and letting it hit you square in the chest … don’t worry the internal bleeding is slow, you’ll just slowly fall asleep and never wake up again.
