US debt set to soar above Italy and Greece after Trump’s ‘big, beautiful bill’

a year ago by Lee Duna to c/news

While the European countries have brought their spending under control, the US president’s tax cuts and defence spending will lead to increased borrowing
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Wisens 98 points a year ago

What ever happened to the fiscal conservatives in congress?

Was that all just a lie until they could openly bleed us dry?

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pennomi 71 points a year ago
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ininewcrow 55 points a year ago

Always ..... liberals / democrats manage economy to balance budgets but no one sees the results because economic effects take time

By the time time effects are felt, conservatives / republicans come into power and everyone associates the economy to them ..... conservatives / republicans than gut the economy and give money to wealthy owners which degrades the economy

Public get tired of bad economy, support liberals / democrats to do something about the economy

Rinse ... repeat ... rinse ... repeat

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WalrusDragonOnABike 29 points a year ago

Public get tired of bad economy, support liberals / democrats to do something about the economy

Then people forget who was in charge when the bad times started. Was fun talking to my mom recently about COVID and how the economic downturn and lockdowns were primarily under Trump. Not even trying to blame it on him or anything; just stating those coincided and were during his term because having an a basic timeline is apparently hard when it goes against the narrative you want to push, even when you actually know the years and months those events happened.

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hddsx 5 points a year ago

Economic effects don’t have to take time.

See: tariffs

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FireRetardant 18 points a year ago

Canada has the same issue where we are somehow delusional in thinking the right is more economic, which is technically true but only if you're in the business owner or significant investments class.

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Thedogdrinkscoffee 5 points a year ago

Similar, not quite the same issue. Conservatives are zero sum legislators on behalf of rich psychopaths, Liberals are non-zero sum on behalf of rich psychopaths and NDP actually care about a functioning, equitable system that works for everyone and doesn't cater to psychopaths.

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BrokenGlepnir 2 points a year ago

Yes

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