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[–] 20 points 3 months ago (4 children)

Bro represents less than 2.5% of presidents, and more than 25% of debt. Even adjusted for inflation - that is one crazy score.

And this is while spending most of his time golfing. Imagine diaper donny at 100% power...

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  • [–] 24 points 3 months ago*

    Bro represents less than 2.5% of presidents, and more than 25% of debt.

    We're undergoing an astronomical increase in private wealth, while the US Federal Government spends far in excess of tax revenues on programs that go directly into private pockets. Not a coincidence.

    But all this talk of "Historic Debt". Nobody seems to want to ask "Who is holding the other end of the Treasury Notes?"

    As often as not, its these trillion-dollar mega-corps. Mutual funds and private pensions hold roughly $5.5T. Private investors hold another $7T. Famously, during the 2008 crash, the bailed-out investment banks were taking loans out at sub-zero interest rates and throwing the money directly back into Treasuries yielding 3-4%, effectively giving them a multi-billion $ yield with zero risk simply to shore up their ruined balance sheets. Now they leverage those notes 10:1 to take big gambles on the tech sector and associated financial and real estate plays.

    This is how the ultra-rich make money in the modern economy. Your elected allies in the public sector just give it to you. And then you give them back a bag full of IOUs and empty promises about jobs growth.

    Imagine diaper donny at 100% power…

    Trump's never been the brains behind the operation. He's got Scott Bessent, Howard Lutnick, and Jared Kushner doing the looting and pillaging. And they're as sharp as anyone in Trumpworld.

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  • [–] 5 points 3 months ago

    Well, even for that, Trump is a fucking mediocre. Compare it to Obama, that raised the debt by a 70.9% during his two terms, Bush Jr 72.6%, Reagan 160.8%... but all of them get dusted by Roosevelt's (Frank, of course, Teddy just got some unremarkable 22.6% increase) 791.8%. Source.

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