Thank you. This is good to know. It in no way means Trump isn't absolute garbage and overall probably worse than any other president, but it does remind us of how fucking insane our government is about wasting the FUCK out of money on morally objectionable things.

But this is a good thing, because the gov will borrow money with bonds to pay the higher interest, and rich people will buy those bonds to collect the yield. So we will really be doing our patriotic duty by funneling wealth ever upwards.

What this? Is this a cult? Do you have to put I hate Trump yada yada in front to fight misinformation? Btw fck trmp

mumble mumble BIDEN mumble mumble

Illegal immigrants and abortions tanked the economy

AOC

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.

Does he still go golfing? He took two tries to get a tic tac in his mouth at Lindsey Graham’s funeral.

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.

Ditto for Canadians: Liberals are tax and spend and the Conservatives are repeal taxes and spend. Conservatives are all supposed to be "better at managing the economy" but I've never known a household or business to cut revenue in order to more easily pay for their expenses. Somehow Conservatives have been trying to sell that one since Reagan and all it has done is move more money to the 1% and trash all the country's infrastructure and public programs.

This is intentional, yet many Americans aren't aware despite the author of the strategy being quite transparent about it. It's the Two Santas Strategy and has been in action for decades.

https://www.milwaukeeindependent.com/thom-hartmann/two-santas-strategy-gop-used-economic-scam-manipulate-americans-40-years/

the USD being the world's reserve currency means the US has to have a huge national debt

No it doesn't. The US doesn't need to play into the Triffin dilemma.

Just watch out for BRICS