this post was submitted on 10 Mar 2026
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[–] Eddbopkins@lemmy.world 3 points 7 hours ago* (last edited 7 hours ago)

Well that cant be good for the budget. I wonder why. The conservatives aren't outraged by this. Because they are a Bunch of two faced hypocritical assholes that why.

[–] roserose56@lemmy.zip 1 points 8 hours ago

It's not like the USA economy is bad, and now it's dead, but dead dead.

[–] Reygle@lemmy.world 16 points 22 hours ago (1 children)

As a solitary meat popsicle with limited understanding of fucked up shit, at what "level" of fucked up shit is the US finally and officially "perma-fucked"?
Every time my meat popsicle brain thinks "That's probably the last straw" they find thousands more straws somewhere AND I DON'T GET IT.

[–] TeddE@lemmy.world 8 points 22 hours ago (1 children)

That was back at the moment when Trump threw around enough tariffs to make countries with longstanding enmity sign direct trade deals with each other, cutting us out as the middleman. Those will never, ever come back (they were mostly forged in the wake of WWII, when the US had the only functional economy)

As for when we'll see it? I think we have a "oh shit" world stage moment if the US tries to attack Greenland, as Denmark will then have to defend - and then by chain of treaties WWIII kicks off.

If we avoid that fate somehow, then there probably won't be a specific moment - the US will over twenty or so years just slowly collapse in on itself and other countries will quietly start ignoring US while publicly paying lip service. … - There will probably be an event when we publicly can't afford the giant military we have which will be an existential crisis for a news cycle.

That's my attempt to read the tea leaves in the crystal ball.

[–] Reygle@lemmy.world 6 points 22 hours ago (2 children)

I'm going to start fantasizing about 15 years from now being invaded by Canada and running out into the street to thank them for it

[–] TeddE@lemmy.world 3 points 21 hours ago

May the streets run red with maple leaves

[–] T00l_shed@lemmy.world 2 points 20 hours ago (1 children)

Hey hoser, I'll be happy t'a meet ya there with a brewski.

[–] Reygle@lemmy.world 2 points 18 hours ago (1 children)

We'll exchange brewskis, insult each others' brands, and shakes hands abouts it.

[–] T00l_shed@lemmy.world 2 points 17 hours ago

Sounds like a plan!

[–] Passerby6497@lemmy.world 48 points 1 day ago* (last edited 1 day ago) (1 children)

Oh man, this must be that FiScAl ReSpOnSiBiLiTy I keep hearing about from the ~~reich~~ right

[–] explodicle@sh.itjust.works 8 points 1 day ago

Even years ago, you could tell how honest the Tea Party people were by asking if they'd defund the police or military.

[–] BigDanishGuy@sh.itjust.works 9 points 22 hours ago (1 children)

I didn't know the US was going to med school. That thing was expensive!

[–] SoleInvictus@lemmy.blahaj.zone 4 points 22 hours ago

Then you won't believe this: it's the Phil McGraw School of Medicine at RFK Jr. University. The dean is Dr. Mehmet Oz.

[–] technocrit@lemmy.dbzer0.com 21 points 1 day ago* (last edited 1 day ago) (2 children)

Uggg this old trope.

It's not really "borrowing" when they print the money.

It's just another wealth transfer from the poor to the extremely privileged.

[–] lbfgs@programming.dev 3 points 22 hours ago

M2 money supply actually had not increased for a while and only recently surpassed the previous peak in 2022. Meanwhile US debt and debt to GDP ratio increased modestly (and is in fact down from the COVID era peak 'thanks' to inflation) meaning that it's mostly the treasuries market that was funding the new debt (i.e. borrowing)

[–] pancakes@sh.itjust.works 3 points 1 day ago

With quantitative easing, the two are more similar than different

[–] FosterMolasses@leminal.space 41 points 1 day ago (2 children)

My esteemed congratulations to 1930's history enthusiasts.

You're about to relive it

[–] captainlezbian@lemmy.world 10 points 1 day ago

I'd say that history rhymes, first as a tragedy, then as a farce, but I know enough of the 30s to understand it was clown shoes then too

[–] TronBronson@lemmy.world 11 points 1 day ago* (last edited 1 day ago)

What do you mean bread costs 2 million riechdollars. I got a wheel barrel ready for my trump bucks

[–] zebidiah@lemmy.ca 13 points 1 day ago* (last edited 1 day ago)

i'm starting to worry if lisa will actually be able to fix all this after he's gone.... i do not have much confidence in secretary millhouse

[–] Smoogs@lemmy.world 42 points 1 day ago (8 children)

so rather than just pay a tax like a socialist country would up front, US is now only just surviving on tariffing ..which is paid … by their own people ….as a tax. On top of whatever tax you already pay ……while digging more deficits.

[–] zebidiah@lemmy.ca 4 points 1 day ago

all while essential services dry up and wither at every level of government....

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[–] MrSulu@lemmy.ml 56 points 1 day ago (1 children)

Overseen by man with significant history of refusing to repay loans.

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[–] opus86@lemmy.today 59 points 1 day ago (2 children)

Ah, Republicans. They make a huge deal about spending any time they are not in power and then spending like a drunk Sailor when in power.

[–] core@leminal.space 11 points 1 day ago (1 children)

Its a deliberate strategy they've used for the past 50 years. Its called the Two Santa's Strategy.

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[–] Sam_Bass@lemmy.world 17 points 1 day ago (1 children)

Bigger shock is that somebody loaned him anything since his bankruptcies have been public knowledge for decades

[–] TronBronson@lemmy.world 13 points 1 day ago* (last edited 1 day ago) (8 children)

It’s the federal reserve loaning the government money, there’s no way they’re paying for all this in bond auctions.

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[–] towerful@programming.dev 212 points 2 days ago (1 children)

Sounds like there needs to be some sort of efficiency department set up

[–] Aurenkin@sh.itjust.works 55 points 1 day ago* (last edited 1 day ago)

We can call it the Department Of Grifting Everyone

[–] BarneyPiccolo@lemmy.today 75 points 1 day ago (9 children)

I just saw a study that said if Trump continued on at this rate, he will be responsible for 55% of the national debt. And that was BEFORE the Iran War.

When we get these psychopaths out, and start to rebuild, we already know that they'll suddenly get fiscally conservative, and they'll pretend to be concerned about spending.

When that happens, just take theirs away. THEY are responsible for the debt, so if it bothers them so much, they should be the ones to make the sacrifice to pay it back.

[–] RandallFlagg@lemmy.world 39 points 1 day ago (6 children)

Republican administration completely fucks up the budget, leaves office with massive deficit

Democrat administration spends the next 4 years cleaning up that clusterfuck

GOP tells it's dumbfuck base that it's all the Dems fault that their 1996 Dodge Ram 3500 gets 8 mpg and they're gonna fix everything

Dumbfuck republican voters fall for it, yet again, because they never passed the 9th grade and have been huffing diesel exhaust for the past 20 years

Dumbfuck masses rally and vote in another Republican administration

That cycle has gone on repeat over and over and over again for literally my entire lifetime. It's all I know. That has been my experience with with the US government, for my whole life.

I'm tired, boss.

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[–] melsaskca@lemmy.ca 8 points 1 day ago

Elon should just purchase USA and make it his own private country. I think it's for sale now, based on what I've seen in the last couple of whiles ago.

[–] ssfckdt@lemmy.blahaj.zone 92 points 1 day ago (1 children)

Good thing the fiscally responsible party is in power

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[–] MonkderVierte@lemmy.zip 9 points 1 day ago (6 children)

Are they now over 20 trillions in debt?

[–] ___@lemmy.blahaj.zone 11 points 1 day ago (1 children)
[–] SaveTheTuaHawk@lemmy.ca 2 points 22 hours ago

You can track it in real time to see just how fucked the US economy is.

https://www.usdebtclock.org/

[–] phoenixz@lemmy.ca 6 points 1 day ago (1 children)

20? That was years ago, no? It's somewhere in the deep 30s now

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[–] WolfmanEightySix@piefed.social 155 points 1 day ago (16 children)

For healthcare? Education? Can’t possibly imagine what …

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[–] discocactus@lemmy.world 36 points 1 day ago (6 children)

Just for the sake of argument: It's possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that's roughly $504 of finished product per barrel (@ $12/gal).

That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we'd be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.

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[–] Bamboodpanda@lemmy.world 27 points 1 day ago

They say anything to get into power. Literally anything. None of it matters and they know it.

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