>7 months into "the golden age"
wow this is the most pathetic administration I've seen

explain it to me assuming I'm like 5yo and retarded
so government debt is money the borrow to cover expenses for public services and shit right? and the taxing system is supposedly used, in part, to pay this debt back, right?
so how could the debt increase so much since the moment when we allowed women (so literally half of the population) to enter the workforce, effectively doubling the taxes?

>>511356977
>so how could the debt increase so much since the moment when we allowed women (so literally half of the population) to enter the workforce
That was 40 odd years ago.

>be American
>tip your government

>>511357074
>That was 40 odd years ago.
and?

>>511356457 (OP)
>wait, here's some of my money that you forgot to steal!
Kek

>>511356457 (OP)
You have any better ideas?

Biden crapped his pants in office, Obama drone striked an American citizen, Clinton fucked the intern, bush started a fake oil war.

I'm going to say that all administrations are pathetic.

What the fuck do I pay taxes for?

>>511357382
Yeah, go back to the days of pillaging weaker nations and taking their wealth back home.

>>511357382
yeah how about don't cut corporate taxes to pay for a trillion dollar military budget and another 500 billion to ukraine and israel

>>511357535
To support Jews while they blackmail our government

>>511357235
We spent more money even with twice as much taxes

>>511356977
In the hellsystem we have today debt IS "money". I put money in quotes becasue it's not really money, only gold is real money. If all the debt owed was paid back, there would be no more "money".

>>511356977
Politicians come and go. They're going to be gone and the debt won't be their problem anyway so they just overspend. Also because the system allows them to. In the past, the amount of debt a government could accumulate was effectively limited by the amount of bonds they could sell to people. Like during ww2, war bond pushes were a big thing. Now they just sell the bonds to the federal reserve who prints money, basically it's infinite.

>>511356977
Government debt is raised mostly in the form of low interest government bonds. Degen gamblers wouldn't consider buying them because there is practically no upside.

People don't like government debt because they associate it with high interest personal debt and because they associate failure to pay with serious consequences.

The government can literally just devalue its currency to pay back less money than it borrowed if they wanted to. The reason you don't do that is so that people trust you with even more debt in the future.

tl;dr: debt is fake and we only pay it because we want to.

>>511356457 (OP)
>If everyone gives money we can defeat the debt
>some basic math shows if everyone pitched in at LEAST 100 bucks it won't even hit 1 trillion.
>they expect us to get 38+ trillion when everyone giving 100 won't even put a drop in the bucket.
>When most people can't even afford to live.
I hate kikes so much it's unreal.

>>511356457 (OP)
Make that 101% tax deductible and don't put a limit on it. Make it cheaper for entities to reduce their liability by paying down the debt than donations.
They'll still donate because they do that shit for the prestige and the parties

>>511356457 (OP)
>AF post

slide thread

>>511357382
TKD

>>511356457 (OP)
Fee free?
Can I pay down the debt one nickel at a time?

>>511356977
That actually cut taxes in half since wages went down so much. Double the supply and the price more than halfs.

>>511357140
heh

>>511357992
>>511356457 (OP)
Every American has to make pay 208k in taxes or venmo it to the goverment to pay off the debt.

>>511357844
Thats a needlessly confusing way to put it. If you have a 10 dollar bill, you don't owe a debt because of it and nobody owes you a debt because of it.

>>511356457 (OP)
Fun fact: they meant new gilded age. Golden was a typo.

>>511356457 (OP)
roflmao is that real?

>>511356457 (OP)
Gifts to pay back the public debt have been a thing for longer than you've been alive. They just added a paypal option, which makes sense considering its 2025.

>>511359469
No, the point is that bill represents 10 dollar worth of debt. It's an IOU, nothing more..

>>511356977
>so how could the debt increase so much since the moment when we allowed women (so literally half of the population) to enter the workforce, effectively doubling the taxes?
Because modern economies are run on debt-based spending. When the government doesn't have enough money to cover the budget, they then sell bonds to investors to gain liquidity. To clarify, this is NOT a tax on you directly. However, this IS a devaluation of the currency, as it effectively introduces more dollars into circulation by creating government securities. The debt gradually increased over the 2000s, but fucking EXPLODED in 2020 due to the spending that year.

HOW could this happen, you ask? Well, the government simply spends more than it can make. The better question is WHY this would happen, knowing what you now know. The answer is both because the US as a country doesn't need to control its spending as closely because it can borrow from the public during a shortfall, and the fact that the US dollar is the reserve currency. Until and unless the entire world decides to decouple from the dollar AND the US government becomes an unsafe investment, the debt will continue to rise at a worrying pace, forever.

Keep in mind, debt for a nation is NOT bad inherently. Debt-based spending makes for incredible growth. What is important is the control of that growth vis a vis spending. It's fine for the country to have a budget that exceeds its inflows, but the borrowing must come with growth or it is simply unnecessary