UTExan said:

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Pay.

Off.

The Debt.

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Whatever happened to that guy?

ABATTBQ11 said:

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UTExan said:

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Pay.

Off.

The Debt.

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Whatever happened to that guy?

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He no longer associates with us mere mortals. Would be like a God talking to a flea.

infinity ag said:

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Tariffs is a governance thing. I don't know how SCOTUS can decide that it is "illegal". In that case why even have a President, just let the SCOTUS rule the country.

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We have something called a Constitution which makes it clear which branch is endowed with the power of the purse including taxation. Are you saying SCOTUS is supposed to ignore that document and hand all power to POTUS?

Article 1 Section 8 Clause 1
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; . . .

What happens when all the new trade deals go through (China will happen) and that new revenue stream goes to a trickle?

UTExan said:

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Pay.

Off.

The Debt.

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Nobody seems to want to do this nor explain why they don't care about it anymore and why it isn't a big deal after all.

What am I missing? Am I looking at the debt wrong?

I paid off my debt in 2018.
Why is it so hard to pay off the country's debts??

Waffledynamics said:

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UTExan said:

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Pay.

Off.

The Debt.

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Nobody seems to want to do this nor explain why they don't care about it anymore and why it isn't a big deal after all.

What am I missing? Am I looking at the debt wrong?

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You are not looking at it wrong. No one cares because the dollar is the reserve currency. As long as we have that, then Congress and the WH are just going to ride this thing out.

Timely editorial on this yesterday: https://www.wsj.com/finance/investing/uk-budget-debate-us-debt-lessons-38bc52e3?st=hAh4iJ&reflink=desktopwebshare_permalink

The UK and France are in dire straits right now with a debt situation not as severe as ours, but they do not have the level of reserve currency status like we do to fall back on. The USD is the only thing keeping us from collapsing at this point.

In summary on the debt:

Quote:

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Former Luxembourg Prime Minister and European Commission President Jean-Claude Juncker once said: "We all know what to do, we just don't know how to get re-elected after we've done it."

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bobbranco said:

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AtticusMatlock said:

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We just set the record for the largest October deficit in the United States history.

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Fake news.

https://bipartisanpolicy.org/report/deficit-tracker/

Quote:

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• The government ran a deficit of $219 billion in October 2025. However, after adjusting for timing shifts that pushed some November payments into October, the deficit was $112 billion. This was $145 billion (-56%) lower than in October 2024.

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Fake news! They adjusted they adjusted the 2025 numbers for timing but did not adjust the 2024 numbers for timing. Not hating on any one side, you have to compare apples to apples.

So first Trump eliminates income tax via tarriffs, then the SC eliminates tariffs. 4-D chess move to eliminate most taxes and finally cut the federal budget?

torrid said:

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So first Trump eliminates income tax via tariffs, then the SC eliminates tariffs. 4-D chess move to eliminate most taxes and finally cut the federal budget?

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LOL

Hope you're not doing those drugs you're doing while in Singapore.

infinity ag said:

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I paid off my debt in 2018.
Why is it so hard to pay off the country's debts??

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There was never any intention to pay if off.