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Yeah. Sadly i agree. It's on top of. 35.3 trillion at this point in debt. We can't keep going like this. It's why I say I'm less concerned but not going to say I'm not concerned. It's also why I say if we are going to keep spending then maybe we need to figure out if there is a way to end this thing faster. At some point the well of cash runs dry. What happens when we can't spend more and Ukraine is sitting without weapons?
Yes the old weapons are going to Ukraine and we get new stuff, but as your numbers show it's still spending more money at the end of the day.
It just comes down to how much of an increase and where that break even point is.
The US has been letting their mega corps and billionaires get off without paying proper taxes for decades. How many trillions did trump add to the deficit with his tax cut for the rich?
These issues are probably fixed by stopping with Reaganomic thinking. Taxing unrealized capital gains, disallowing stock buybacks and switching to a method of revenue based taxing as the profits just flow to tax havens and sit there.
Edit: also you know that the US military complex as a whole is just a gigantic social security program with extra steps, right?
I agree with everything that you said except taxing unrealized gains. That is dumb as hell.
I’m basically broke. But I have a few stocks that I own. If they go up , I should pay taxes even if they then go down? Which makes it even harder to get ahead. Exactly how is this a good idea?
Are we going to magically set the dollar amount to only include the ultra wealthy even though we all know they won’t pay anyway because they’ll make it appear on paper they didn’t make that much and only the middle class and poor people will pay? (Holy shit was that a run on sentence. Meh I’ll leave it).
But anyway yeah I’ll agree with the rest of it