Powell: ‘The US is on an unsustainable fiscal path’ (thehill.com)

submitted 9 months ago by TokenBoomer@lemmy.world to c/politics@lemmy.world

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TheHill.com

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[-] Taleya@aussie.zone 49 points 9 months ago

Gee, if only you had a shitton of plutocrats to tap for tax.

[-] SinningStromgald@lemmy.world 16 points 9 months ago

From your lips to God's ears.

Billionaires are the visible tumorous growths from the cancer of capitalism.

[-] TokenBoomer@lemmy.world 9 points 9 months ago

The country that shall not be named has already figured this out:

[-] DogPeePoo@lemm.ee 5 points 9 months ago

⬆️This.

[-] karashta@kbin.social 44 points 9 months ago* (last edited 9 months ago)

I think this is the place to post this so hopefully others can see the truth

https://realprogressives.org/debt-ceilings-for-dummies/

We don't need to tax the rich to fund shit. We need to tax them to remove their insane power in our political and economic system.

How can our government run out of the money it creates ex nihilo?

The "debt" is just the count of dollars that haven't been destroyed through taxation.

[-] TokenBoomer@lemmy.world 4 points 9 months ago

Thanks. I couldn’t find anything recent that informative. Wait until everyone finds out that federal income taxes are unnecessary to fund the the government.

[-] karashta@kbin.social 1 points 9 months ago

You're welcome. It's just so plainly obvious when laid out logically. I feel stupid for having not seen it in the previous 30 something years. Spread the word!

[-] FenrirIII@lemmy.world 17 points 9 months ago

It's getting closer to Robocop's version of Detroit

[-] TokenBoomer@lemmy.world 30 points 9 months ago

[-] northendtrooper@lemmy.ca 3 points 9 months ago

Seems like that 35 year old echo finally got to him.

[-] guyrocket@kbin.social 0 points 9 months ago

https://www.usdebtclock.org/

[-] TimeSquirrel@kbin.social 7 points 9 months ago

I remember seeing this fucking thing running during the Bush years, and we were arguing over 5 trillion. Crazy to look at now.

[-] guyrocket@kbin.social 3 points 9 months ago

CraziER

[-] blindbunny@lemmy.ml -1 points 9 months ago

Damn them too?

this post was submitted on 05 Feb 2024

91 points (87.0% liked)

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