Trump’s One Big Beautiful Bill will push US debt levels beyond those of Greece or Italy, IMF forecast predicts

    https://www.independent.co.uk/news/world/americas/us-politics/trump-budget-debt-increase-republicans-b2853269.html

    Posted by Crossstoney

    5 Comments

    1. Ok, but the good news is that if the economy collapses, the billionaires will still have lots of money and can buy assets up for cents on the dollar. It’s not all doom and gloom and the massive tragedies across the country and the world could be a long term net positive for certain balance sheets.

      Shareholders have rights too and we should keep what’s best for them in mind.

    2. Trump’s favorite poem: ‘The Snake’ by Oscar Brown Jr.

      On her way to work one morning
      Down the path ‘longside the lake
      A tender-hearted woman saw a poor half-frozen snake
      His pretty colored skin had been all frosted with the dew
      “Oh well,” she cried, “I’ll take you in and I’ll take care of you”
      “Take me in, tender woman
      Take me in, for heaven’s sake
      Take me in, tender woman,” sighed the snake

      She wrapped him up all cozy in a comforter of silk
      And laid him by thе fireside with some honеy and some milk
      She hurried home from work that night, and soon as she arrived
      She found that pretty snake she’d taken in had been revived
      “Take me in, tender woman
      Take me in, for heaven’s sake
      Take me in, tender woman,” sighed the snake

      She clutched him to her bosom, “You’re so beautiful,” she cried
      “But if I hadn’t brought you in, by now you might have died”
      She stroked his pretty skin again and kissed and held him tight
      Instead of saying thanks, that snake gave her a vicious bite
      “Take me in, tender woman
      Take me in, for heaven’s sake
      Take me in, tender woman,” sighed the snake

      “I saved you,” cried the woman
      “And you’ve bitten me, but why?
      And you know your bite is poisonous and now I’m gonna die”
      “Oh shut up, silly woman,” said the reptile with a grin
      “You knew damn well I was a snake before you took me in”

    3. And yet, this is the “Clean CR” the GOP is refusing to compromise on and keeping the government shut down in order to hurt insurance coverage. The BBB is total garbage on many fronts, yet the GOP is blindly allegiant to it.

    4. >The IMF report analyzed debt as a percentage of GDP, revealing that the U.S. looks set to surpass both countries with its ratio of debt-to-GDP by 2030. At that time, the IMF projects the U.S. will have the highest debt-to-GDP ratio of any country on earth.

      That can’t be right. There must be a missing “second” because there’s no way the US cold surpass Japan’s 230% that fast.

    5. HungryHippo669 on

      Thats all they do! Republicans shit on the economy and add major debt to the deficit then blame it on the Dems. Then campaign on how awful the Democrats are and how broken the economy is because of them. Rinse and repeat and because ppl have insanely short memory it works every time. The system is broken and easily exploited. Republicans are a defunct party and extremely useless

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