05-16-2023, 02:29 PM
This is slightly off topic but I think the most interesting thing about the debt ceiling issue is how far off they were at calculating when we would run out of money. A couple months ago they thought it would be early fall. Now it's beginning of June. They are blowing thru money at a much faster pace that they thought. Probably because we are in a recession. I think deficits are a much better indicator of the economy then most bogus gov stats like unemployment. When we go into recession spending increases and tax revenue decreases which means the deficits rise. That's a hard objective stat that is hard to hide.
The republicans are right to try to cut spending but they're major hypocrites. Almost all of them voted to increase the debt ceiling when Trump was in office.
I think it's funny when the dems say we might not be able to make social security payments. Why can't they dip into the "trust fund"? Maybe because there's nothing there but IOUs. Duh.
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