A rare, shitty NPR article.

NPR was nerfed decades ago by Republicans. Same problem in Canada, CBC is pure garbage now because they are more concerned about their budget than offending any political party, so we get gardening shows.

A rare, shitty NPR article.

I know what you meant, but to clarify for like 80% of the /c/news comments section's audience who don't read beyond the headline in favor of learning what they should think from the top comment, this is PBS News Hour, not NPR.

(Also not an article; it's a transcript of a newscast.)

There’s a reason this entire admin and cabinet is packed with hedge fund shitbags

Has been bought

Its not A country anymore ,just murica

I think the US military cost about 700 billion /y? What's the rest? Not infrastructure, from what i heard.

Wtf is this WE shit?? How did WE get us here???

Gtfoh if they can actually tax the billionaires the debt would go down by at least 2 trillion

Nobody’s going to like this answer. But the simple reality is this. Basically everything has to be cut.

Actually, exactly the opposite, corruption needs to be cut,

Cutting anything else just makes the problem worse.

Yes, the rich need to pay their fair share. But there’s no way we can tax our way out of that kind of debt. It is not realistic. It is pure fantasy to think a person a company an organization, a country or anything else can literally bring in that kind of money. It’s impossible.

You dont get out of this by cutting, that just leads to a depression.

You get out of this by aggressively going after corruption and corrupt loans, declaring those loans to be void, and enforcing that.

The other alternative is the entire country goes bankrupt.

Cutting everything is how the country goes bankrupt, thats literally the whole goal.

The very wealthy get in positions of power, and make the goverment go into massive debt giving them huge paydays. Then you cut all the things the government is supposed to do to service that "debt." The economy takes a nosedive, but thats ok, you can just borrow more money to pay the very wealthy. Then make the government decalare bankruptcy, and "sell" the government off to private holdings (who own all that debt) for pennies on the dollar.

Cutting just the military budget would get this paid off the fastest. The US spends almost a trillion per year on defense. Cut that in half and dedicate the other half to paying off the debt.

https://usafacts.org/...

I’d be interested to know if the US debt is like a mortgage — where if you pay off the principal, that 40 trillion number goes down a lot faster.

I also wonder how much debt the US is owed by other countries. Could we do some debt swaps to pay it down even faster?

The national debt is meaningless when it's invested at home. Often generating many dollars per dollar spent. Everything doesn't need to be cut. A lot of things need to be expanded. But what absolutely needs to be cut is the income streams of the wealthy including all the loopholes they use. And our spending on Military and wars.

They don’t want to clear the debt. The debt is a major source of borrowing capacity (as it’s bought), for which they receive a lot of benefits (because it’s “good as gold,” it’s usually held as such). How do you think the US bought itself out of COVID (eh)? It’s the size of the interest payment that is unstable. They can tax billionaires to lower the interest.

lol get fucked

Y'know, you're right!

I didn't like that answer, you oligargling shit gibbon.

theres many things we need to increase. taxes come from money in the system and things like our for profit healthcare that costs more overall need to be done as an efficient single payer system. we have to be as efficient as possible with the necessary things in our society.