[bigdaddy45]

We have no leaders in this country. This is issue number one and NO ONE is talking about it or taking action.

[brownsfan]

Dimon is a snake. He’s also a liberal. I’m not sure what his agenda is when he bashes Democrat policies.

[FlingWingFlyer]

Soda went up 2 bucks here this week. $7.98 a 12 pack. I guess it’s Joe Chimp’s “boomin’ economy.”

[Brian Griffin]

Foreign governments might US debt be backed by percentages of US domestic tax revenue or its equivalent.

[Scott from the Left Coast]

“… alongside former House Speaker Paul Ryan”

He didn’t do himself any favors there.

[Robert DeLong]

I’m beginning to believe that is what they want, for many reasons including the election.

[ClearCase_guy]

I never know what to think about Dimon, but I generally assume Taleb knows what he’s talking about.

[Brian Griffin]

There will be adverse consequences when nations and people are cheated out of the value of $34 trillion.

[Sequoyah101]

Borrowing money to give away is not just irresponsible, it is criminal. Budgets for essentials are inflated and are wasteful. I keep citing a current example of inflated slush fund budgets, the woman program manager for the Army who paid her own fake company $100,000,000 over just a few years and NOBODY NOTICED until the IRS wondered where she was getting all the money for her spending spree. That much money has become less than crumbs off the table in the massive spending budgets that are now common. If you cut that money from the budget everywhere nobody would even miss the programs it was supposed to pay for.

Illegals are costing more than anyone cares to admit or imagine.

All government programs have become a blank check written for as much as the supplier wants. It is far far far past time for government to say, this is all we have. If you want the job it will have to be done for X or not at all. At first they will walk away and posture and threaten but they will come back when the alternative is no money at all.

Sadly, nothing will ever be done. Politicians have no will or spine to do what is necessary. WE WILL CONTINUE THE DEBT DEATH SPIRAL. THE US WILL DEFAULT. There is no if to it at all. The situation is practically hopeless.

[Brian Griffin]

There should be standard budgets being prepared for Fiscal Year 2024-2025 by department and by the nature of the expenditure: recurrent, project continuation, new stuff.

For each budget item, a Republican and a Democrat should each say what they’ll support. The chambers should then vote out based on the minimums for each item. This would keep most of the government running.

They should then meet again for supplementals.

[cgbg]

GDP includes government spending—so the reality is even worse than it looks at first glance.

[ComputerGuy]

...foreigners own $7 trillion of U.S. government debt...

Scary

[faithhopecharity]

he’s correct, despite his politics

[SaxxonWoods]

Meanwhile, we have a govt that can’t even write a budget and live within it for 12 months. It’s a good time to be old. We lived in a golden age that won’t be seen again for a long time.

[sauropod]

.

[VTenigma]

We’re already over the cliff, just waiting for the crash.

[Night Hides Not]

The solution is simple: enact Directive 10-289. It will solve all of our problems.

Dammit, I misplaced my /sarcasm tag!

[nonliberal]

The American Dream has been stolen from you.

[Clemenza]

Agreed. We are going to need to both raise taxes and cut spending to get our way out of this. Will make the populist morons upset but we all share the blame here: we all insisted on a bloated government in one form or another as Americans but refused to cut “our” programs while not having the tax levels to support.

For those who scream about “foreign aid” “Israel” and “Ukraine” let me remind the keyboard populists that foreign aid is but 1% of the federal budget.

[Repealthe17thAmendment]

Washington is using the federal budget to prop up their political power. They're not going to run out of money, as long as they can keep printing it. But eventually, investors will not be willing to purchase treasuries, and the printing will be backed by nothing. If we think inflation has been bad the last few years, just wait until the US defaults.

We think having 2 trillion dollar deficits a year is insane, but we will hit a 5 trillion dollar deficit before we see a 1 trillion deficit. There's no going back. No politician has the willingness to take the pain it will take to make cuts.

My only hope is that I can protect my savings before it all comes tumbling down.