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RUNAWAY DEBT & WAR SPENDING 1981: Reagan implemented the largest tax cuts while prioritizing Defense spending. This marked the beginning of an era of massive spending & debt accumulation Currently, US debt increases by: - $1 Trillion every 100 days - $100B in debt every 10 days GOV SPENDING...

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GenXGirl

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74,492 views • 1 year ago •via X (Twitter)

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GenXGirl1 year ago

Sources:

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GenXGirl1 year ago

👇🏼

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GenXGirl1 year ago

💯

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Luis F. 🍉❤️💚🖤🤍1 year ago

Girl, you are not giving them a chance! 😂

The US of 🇮🇱 is the greatest threat to humanity's profile picture
The US of 🇮🇱 is the greatest threat to humanity1 year ago

dumb question- why didn’t we take advantage of the near 0% rates back when we were doling out trillions during the global pandemic we created

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Groky1 year ago

If luck ever made someone president, it was Donald Trump.

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Curious10665 🇺🇸1 year ago

Massie say so too

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He then laid out the math. And these numbers that should terrify anyone paying attention: • 2019 spending: $4.4 trillion • 2024 spending: Over $7 trillion • 2025 projected spending: $7.3 trillion • Current revenue: Around $5.1 trillion • Structural deficit: Approximately 6% • Yearly deficit: Roughly $2.2 trillion So, that’s a 66% INCREASE in spending in just six years. “We’re almost $37 trillion in debt,” Johnson warned. “We’re spending $7 trillion, and CBO (Congressional Budget Office) projects over the next 10 years, we will add another $22 trillion to the debt.” And that’s if nothing goes wrong. “If interest rates start creeping up… just one percentage point, add another $4 trillion,” he said.
1:50

He then laid out the math. And these numbers that should terrify anyone paying attention: • 2019 spending: $4.4 trillion • 2024 spending: Over $7 trillion • 2025 projected spending: $7.3 trillion • Current revenue: Around $5.1 trillion • Structural deficit: Approximately 6% • Yearly deficit: Roughly $2.2 trillion So, that’s a 66% INCREASE in spending in just six years. “We’re almost $37 trillion in debt,” Johnson warned. “We’re spending $7 trillion, and CBO (Congressional Budget Office) projects over the next 10 years, we will add another $22 trillion to the debt.” And that’s if nothing goes wrong. “If interest rates start creeping up… just one percentage point, add another $4 trillion,” he said.

The Vigilant Fox 🦊

25,760 views • 1 year ago

Rep. Massie, the lone Republican NO, says the Republican budget will add $20 trillion to the debt over 10 years. They don’t care about the debt and never did. This was all a dance to get their trillions in tax cuts for the rich. (Again)
2:00

Rep. Massie, the lone Republican NO, says the Republican budget will add $20 trillion to the debt over 10 years. They don’t care about the debt and never did. This was all a dance to get their trillions in tax cuts for the rich. (Again)

The Tennessee Holler

194,846 views • 1 year ago

Americans are "slaves" to the federal debt. Interest on federal debt now soaks up 40% of income tax — by far the largest part of federal revenue. Toss in new debt and it’s closer to 80% of income tax. All while sky-high interest rates automatically grow debt interest day by day even as the debt itself closes in on $34 trillion. They’re headed off the cliff with zero plan to stop it.
3:48

Americans are "slaves" to the federal debt. Interest on federal debt now soaks up 40% of income tax — by far the largest part of federal revenue. Toss in new debt and it’s closer to 80% of income tax. All while sky-high interest rates automatically grow debt interest day by day even as the debt itself closes in on $34 trillion. They’re headed off the cliff with zero plan to stop it.

Peter St Onge, Ph.D.

2,056,168 views • 2 years ago

Elon Musk Says We Have to Cut Government Spending Immediately "The reality is that all government spending is actually taxation. Sometimes people think some of it is taxation and some of it's not, but it's all taxation, because the part that is not covered by tax revenue becomes inflation. So you're either taxed directly or you're taxed by inflation, but you are for sure taxed. And so all government spending is taxation. So we have to reduce government spending overall. This will be forced upon us in the future because already just the interest payments on the debt are 23% of all federal tax revenue. Just the interest payments. The interest payments now exceed the Defense Department budget, which is a trillion dollars a year. That's a lot of money." Elon Musk
3:29

Elon Musk Says We Have to Cut Government Spending Immediately "The reality is that all government spending is actually taxation. Sometimes people think some of it is taxation and some of it's not, but it's all taxation, because the part that is not covered by tax revenue becomes inflation. So you're either taxed directly or you're taxed by inflation, but you are for sure taxed. And so all government spending is taxation. So we have to reduce government spending overall. This will be forced upon us in the future because already just the interest payments on the debt are 23% of all federal tax revenue. Just the interest payments. The interest payments now exceed the Defense Department budget, which is a trillion dollars a year. That's a lot of money." Elon Musk

Chief Nerd

13,856,480 views • 1 year ago

By the time it hits RM1.7 trillion, The Edge calculates that every Malaysian will be saddled with RM85,000 in debt each, about the price of a brand-new Proton X50. Before they came to power, their sweet promise was supposedly to reduce the national debt. Now it’s a different story. Under RMK-13, Madani plans to push national debt up to RM1.7 trillion by 2030 - and that’s assuming they don’t overshoot the budget again. That’s an increase of RM620 billion in just 8 years, compared to RM1.08 trillion already recorded by the end of 2022 before Madani. Today, it has already reached RM1.33 trillion. Compare that with Najib’s time: debt only went up by RM380 billion over 9 years, reaching RM687 billion.
2:06

By the time it hits RM1.7 trillion, The Edge calculates that every Malaysian will be saddled with RM85,000 in debt each, about the price of a brand-new Proton X50. Before they came to power, their sweet promise was supposedly to reduce the national debt. Now it’s a different story. Under RMK-13, Madani plans to push national debt up to RM1.7 trillion by 2030 - and that’s assuming they don’t overshoot the budget again. That’s an increase of RM620 billion in just 8 years, compared to RM1.08 trillion already recorded by the end of 2022 before Madani. Today, it has already reached RM1.33 trillion. Compare that with Najib’s time: debt only went up by RM380 billion over 9 years, reaching RM687 billion.

Eric SeeTo Lim Sian See

13,506 views • 10 months ago

Just like a person, if you spend too much — you eventually go bankrupt. The federal debt is growing by over $1 trillion every 3 months. The defense budget alone is nearly $1 trillion… But now, interest payments on the debt are even higher than defense. Over $1 trillion in interest. And rising. This isn’t sustainable. Something has to change — or the country is going bankrupt.
0:32

Just like a person, if you spend too much — you eventually go bankrupt. The federal debt is growing by over $1 trillion every 3 months. The defense budget alone is nearly $1 trillion… But now, interest payments on the debt are even higher than defense. Over $1 trillion in interest. And rising. This isn’t sustainable. Something has to change — or the country is going bankrupt.

News America Party

62,504 views • 1 year ago

🇺🇸 Trump signs the “One Big Beautiful Bill” — a controversial tax-and-spending package In a live broadcast, right after his Independence Day speech, Donald Trump signed the “One Big Beautiful Bill” into law. It’s one of the largest tax and spending packages in U.S. history. 📉 What’s inside: — Tax cuts for businesses and the middle class — A $5 trillion increase in the federal debt ceiling — Major new spending on defense and infrastructure Trump presents the bill as a “restoration of America’s economic strength”, while critics call it a “ticking time bomb”that will inevitably fuel the deficit and balloon the national debt. To mark the signing, B-2 bombers and F-35 fighter jets flew over the White House.
1:00

🇺🇸 Trump signs the “One Big Beautiful Bill” — a controversial tax-and-spending package In a live broadcast, right after his Independence Day speech, Donald Trump signed the “One Big Beautiful Bill” into law. It’s one of the largest tax and spending packages in U.S. history. 📉 What’s inside: — Tax cuts for businesses and the middle class — A $5 trillion increase in the federal debt ceiling — Major new spending on defense and infrastructure Trump presents the bill as a “restoration of America’s economic strength”, while critics call it a “ticking time bomb”that will inevitably fuel the deficit and balloon the national debt. To mark the signing, B-2 bombers and F-35 fighter jets flew over the White House.

NEXTA

32,349 views • 1 year ago

The American consumer is running out of money as credit card debt crosses $1 trillion, excess savings run down by $100 billion per month, and student loans are forecast to suck another $100 billion in consumer spending per year. The Fed now estimates $2.1 trillion in pandemic-era savings are about to dry up. The Fed’s turned America into a two-tier society where the rich get their assets pumped with cheap money while the majority of Americans run deeper and deeper into debt to make ends meet.
3:25

The American consumer is running out of money as credit card debt crosses $1 trillion, excess savings run down by $100 billion per month, and student loans are forecast to suck another $100 billion in consumer spending per year. The Fed now estimates $2.1 trillion in pandemic-era savings are about to dry up. The Fed’s turned America into a two-tier society where the rich get their assets pumped with cheap money while the majority of Americans run deeper and deeper into debt to make ends meet.

Peter St Onge, Ph.D.

695,584 views • 2 years ago

We're at the part of the Ponzi scheme where the guy running it starts sweating. The US has $38 trillion in debt. It grows by $6 billion per day—not per year, per day. The US added $1 trillion in debt in just 71 days last year. Here's the problem: The US paid $1.2 trillion in interest on that debt in 2025. That's more than defense spending. So how do you fix it? 1) Raise taxes? The wealthy leave (see: Britain) 2) Cut spending? Political suicide 3) Default? Game over There's only one path: Print Money. Devalue the debt by making dollars worth less. Ray Dalio: "If you devalue money, you devalue debt." Translation: Your savings, salary, and retirement get quietly confiscated to pay for government debt. The S&P was up 18% last year. Against gold? Down 28%. That 46% gap is the real inflation rate they're not telling you. Currency devaluation isn't coming—it's official policy.
2:29

We're at the part of the Ponzi scheme where the guy running it starts sweating. The US has $38 trillion in debt. It grows by $6 billion per day—not per year, per day. The US added $1 trillion in debt in just 71 days last year. Here's the problem: The US paid $1.2 trillion in interest on that debt in 2025. That's more than defense spending. So how do you fix it? 1) Raise taxes? The wealthy leave (see: Britain) 2) Cut spending? Political suicide 3) Default? Game over There's only one path: Print Money. Devalue the debt by making dollars worth less. Ray Dalio: "If you devalue money, you devalue debt." Translation: Your savings, salary, and retirement get quietly confiscated to pay for government debt. The S&P was up 18% last year. Against gold? Down 28%. That 46% gap is the real inflation rate they're not telling you. Currency devaluation isn't coming—it's official policy.

Felix Prehn 🐶

632,551 views • 5 months ago

JUST IN: Congressman Chip Roy (R-TX) delivers fiery speech against the GOP spending bill because it will "increase the debt by $5 trillion." "You NEVER have ANY OUNCE of self respect. Go out and campaign, say you're gonna balance the budget, and then you come in here, pass $110 billion unpaid for." "It's embarrassing. It's shameful. [...] To take this bill yesterday and congratulate yourself because it's shorter in pages but increases the debt by $5 trillion is asinine." "I am absolutely sickened by a party that campaigns on 'fiscal responsibility' [...] This side of the aisle is unserious about actually reducing deficits." "The ENTIRE BODY has been racking up debt for my entire life. $36 trillion."
2:58

JUST IN: Congressman Chip Roy (R-TX) delivers fiery speech against the GOP spending bill because it will "increase the debt by $5 trillion." "You NEVER have ANY OUNCE of self respect. Go out and campaign, say you're gonna balance the budget, and then you come in here, pass $110 billion unpaid for." "It's embarrassing. It's shameful. [...] To take this bill yesterday and congratulate yourself because it's shorter in pages but increases the debt by $5 trillion is asinine." "I am absolutely sickened by a party that campaigns on 'fiscal responsibility' [...] This side of the aisle is unserious about actually reducing deficits." "The ENTIRE BODY has been racking up debt for my entire life. $36 trillion."

Eric Daugherty

3,166,980 views • 1 year ago

Sanner: The U.S. Debt reached $39 trillion. By October 1st, it will be $40 trillion. Moynihan: The vast majority of that is because of entitlements. Phillip: Not necessarily. It’s from tax cuts that have not been paid for since the Bush administration. It's from spending that has not been paid for by either Republican or Democrat administrations Moynihan: The GAO says we may lose 500 billion from fraud each year Phillip: We are talking about trillions of dollars.
1:43

Sanner: The U.S. Debt reached $39 trillion. By October 1st, it will be $40 trillion. Moynihan: The vast majority of that is because of entitlements. Phillip: Not necessarily. It’s from tax cuts that have not been paid for since the Bush administration. It's from spending that has not been paid for by either Republican or Democrat administrations Moynihan: The GAO says we may lose 500 billion from fraud each year Phillip: We are talking about trillions of dollars.

Acyn

181,603 views • 4 months ago

#DontCutMyMedicaid Trump’s betrayal of Americans is obvious. He promised not to cut Medicaid—now he’s backing a House plan that slashes $880 billion from it. All to fund $4.5 trillion in tax cuts for the rich. He doesn’t care if families drown in debt, as long as he and his billionaire buddies get richer.
0:49

#DontCutMyMedicaid Trump’s betrayal of Americans is obvious. He promised not to cut Medicaid—now he’s backing a House plan that slashes $880 billion from it. All to fund $4.5 trillion in tax cuts for the rich. He doesn’t care if families drown in debt, as long as he and his billionaire buddies get richer.

Christopher Webb

112,396 views • 1 year ago

“New net zero spending measures Table 3.9 sets out $12.3 billion in new net zero spending commitments over the forward estimates period and $18.2 billion over the medium term, across the 2025-26 MYEFO and this Budget. This follows net zero spending commitments of $6.9 billion (over the medium term) reported in the 2025-26 Budget, $24.3 billion (over the medium term) in the 2024-25 Budget, climate-related spending of $4.6 billion (to 2030) committed in the 2023-24 Budget and $24.9 billion (to 2030) committed in the October 2022-23 Budget.” •••••••••••••••••• Don’t be fooled by last nights budget reply where Angus Taylor said he would index the lower tax brackets. It’s too little too late. The lower tax bracket needs to be removed full stop. It’s absurd that people are taxed below the cost of living. is the only party that has committed to do this and identified the savings to fund it. Indexing the lower bracket of $18,200 by 4% will lift it by a measly $728. Applying next years tax rate of 14 cents, that will save you $102. This is no where near enough to adjust for 4% inflation on the poverty line of $45,000 which is $1,800. If he was serious about cutting taxes, Taylor should have cut spending much harder. There’s at least $10 billion every year wasted on net zero and $10 billion on bureaucrats gold plated pension scheme to name just a few. These are just two of the many programs People First will slash to cut income tax by $4,000 per annum. We will also crack down of offshore profit shifting to cut taxes even further.
1:42

“New net zero spending measures Table 3.9 sets out $12.3 billion in new net zero spending commitments over the forward estimates period and $18.2 billion over the medium term, across the 2025-26 MYEFO and this Budget. This follows net zero spending commitments of $6.9 billion (over the medium term) reported in the 2025-26 Budget, $24.3 billion (over the medium term) in the 2024-25 Budget, climate-related spending of $4.6 billion (to 2030) committed in the 2023-24 Budget and $24.9 billion (to 2030) committed in the October 2022-23 Budget.” •••••••••••••••••• Don’t be fooled by last nights budget reply where Angus Taylor said he would index the lower tax brackets. It’s too little too late. The lower tax bracket needs to be removed full stop. It’s absurd that people are taxed below the cost of living. is the only party that has committed to do this and identified the savings to fund it. Indexing the lower bracket of $18,200 by 4% will lift it by a measly $728. Applying next years tax rate of 14 cents, that will save you $102. This is no where near enough to adjust for 4% inflation on the poverty line of $45,000 which is $1,800. If he was serious about cutting taxes, Taylor should have cut spending much harder. There’s at least $10 billion every year wasted on net zero and $10 billion on bureaucrats gold plated pension scheme to name just a few. These are just two of the many programs People First will slash to cut income tax by $4,000 per annum. We will also crack down of offshore profit shifting to cut taxes even further.

Gerard Rennick

12,555 views • 2 months ago

Here is: The missing half of the U.S. national debt has been identified. The Federal Reserve CONFIRMS: The U.S. Congress has built the single largest racket empire on the planet: U.S. NGOs have combined assets totaling $14.2 trillion of your tax money. “India’s and Japan’s GDPs are each just over $4 trillion, Germany’s is $5 trillion, and together they total about $13.5 trillion. Guess what? The combined assets of U.S. NGOs equal $14.2 trillion of your tax money—and that of your children, grandchildren, and great-great-great-great-grandchildren.” In other words, the root of all corruption… the racket—U.S. Congress has racketed half the U.S. national debt to the planet’s most profitable organizations,
1:02

Here is: The missing half of the U.S. national debt has been identified. The Federal Reserve CONFIRMS: The U.S. Congress has built the single largest racket empire on the planet: U.S. NGOs have combined assets totaling $14.2 trillion of your tax money. “India’s and Japan’s GDPs are each just over $4 trillion, Germany’s is $5 trillion, and together they total about $13.5 trillion. Guess what? The combined assets of U.S. NGOs equal $14.2 trillion of your tax money—and that of your children, grandchildren, and great-great-great-great-grandchildren.” In other words, the root of all corruption… the racket—U.S. Congress has racketed half the U.S. national debt to the planet’s most profitable organizations,

🇺🇸RealRobert🇺🇸

645,520 views • 19 days ago

Elon Musk: America is going bankrupt extremely quickly. We have to reduce the spending or this will not have a good ending. "America is going bankrupt extremely quickly. And everyone seems to be whistling past the graveyard on this one. The Defense Department budget is a very big budget, okay? It's a trillion dollars a year, DoD, Intel, a trillion dollars. And interest payments on the national debt just exceeded the Defense Department budget. They're over a trillion dollars a year, just in interest and rising. We're adding a trillion dollars to our debt, which our kids and grandkids are going to have to pay somehow, every three months, and then soon it's going to be every two months and then every month. And then, the only thing we'll be able to pay is interests. And it's just like a person at scale that has racked up too much credit card debt. This does not have a good ending. We have to reduce the spending." Source: The All-In Podcast The All-In Podcast, September 9, 2024
1:03

Elon Musk: America is going bankrupt extremely quickly. We have to reduce the spending or this will not have a good ending. "America is going bankrupt extremely quickly. And everyone seems to be whistling past the graveyard on this one. The Defense Department budget is a very big budget, okay? It's a trillion dollars a year, DoD, Intel, a trillion dollars. And interest payments on the national debt just exceeded the Defense Department budget. They're over a trillion dollars a year, just in interest and rising. We're adding a trillion dollars to our debt, which our kids and grandkids are going to have to pay somehow, every three months, and then soon it's going to be every two months and then every month. And then, the only thing we'll be able to pay is interests. And it's just like a person at scale that has racked up too much credit card debt. This does not have a good ending. We have to reduce the spending." Source: The All-In Podcast The All-In Podcast, September 9, 2024

ELON CLIPS

5,811,006 views • 1 year ago