Regan took the deficit from 70B to 175B
Bush #1 took it to 300B
Clinton got it to zero
Bush #2 took it from zero to 1200B
Obama halved it to 600B
Trump took it over 1000B in 2019 before covid and it skyrocketed after that
The republicans constantly whine about the deficit when in reality, they've created it almost entirely through corporate and the top 1% tax cuts.
Trickle-down my ass
That’s real talk bro… money talk, one of my favorite subjects.
Humans are so quick to point the blame at the person in charge when they don’t really know what’s going on.
For instance, I get up and go to work so that 25-33 % of my salary can go to taxes.
After that, I go shopping and another 10% is taken because I’m spend my money…
What’s going on? You are paying some one else’s taxes while they earn interest on the money they collect. The reason they push for higher interest rates.
Most Americans don’t understand that these tax collectors are also earning interest aim those taxes. For those who don’t know interest is free money. So of of course those in charge want it to be as high as possible.
Here is some money talk for those who like chasing dollars. The dollar isn’t even worth it’s. manufacturing and transport cost. Electronic transfer eliminates physical waste in so many way. Unfortunately none of these savings benefit the people.
So back to the real matter at hand. Why has inflation skyrocketed. Reportedly the us ow China 850 billion and is paying interest on it.
The us rebuttals and say that China owes us a billion dollars. That’s a lot of rice. … get smart people. The us purchased that rice for pennies on the dollar because it is being purchased from themselves. Aka govt subsidies. Anyway, ship loads of rice isn’t free.
You are probably saying what is this nut talking about. Let me explained. The first question you should as is why does China need to buy rice from the US in the first place. Especially when it neighbors Vietnam, Thailand Laos, Cambodia, all of which are rice producing countries.
Do any of you guys remember the war in that part of the country. Of course you do because many of you come from parents who fought in the Vietnam war. Of, now I have your attention… poppies weren’t the only thing being destroyed. So was the rice.. you see all those movies where these guys are fighting in the rice paddies and the jungles, aka very fertile land.
Taken from Google…. Agent Orange, mixture of herbicides that U.S. military forces sprayed in Vietnam from 1962 to 1971 during the Vietnam War for the dual purpose of defoliating forest areas that might conceal Viet Cong and North Vietnamese forces and destroying crops that might feed the enemy. …. Better yet, to starve out neighboring countries that’s also being feed with these same crops.
Therefore who suffered the most? Vietnam, or China. If you listen to the Us China is still suffering good shortages. let the us tell it. So you mean to tell me that a technically advanced country like China is starving. You are saying this starving country is capable of producing the Covid virus. Something besides my rambling isn’t making sense… that because you want me to believe that a country that isn’t capable of feeding itself, is capable of creating the Covid virus. So keep believing all the bs that being pushed down your throat.
I digressed. So what those this have to do with the US economy. Everything. Because no longer are the days of the barbaric wars being fought with bombs and missiles. Todays ways are being fought on a more strategic level like chess. Many of you may not know that the Chinese are some of the smartest people on the planet. The art of war… duh! These are the people they US chose to go into battle with… expensive physical battle. All I can tell you is remember the Foo fighter. Technology so advanced that it was thought to be alien. Never underestimate the enemy. Ahem…Somebody had do up their game. You shouldn’t have to loose 58,000 men to know that you are fighting a loosing battle.
Looks to me that someone is working really hard to get China back it’s money. The worst part is that they are bleeding the American people to do so. Trump made sure of that. How so when he signed the rights of the American country over to the Chinese. My first thought is why hasn’t this man been hung for treason? Saddam….. because that’s what they do to these type of people, yet this man is still freely walking around as if he is daring the US to do anything about it.
All the evidence points to trump being a double agent who is working for both the Chinese and the Russian. Nuclear football… keep playing as if you don’t know which side this guy is on. I’m just wondering why they haven’t changed the name to the United States of the Republic of China yet.
Under the pretense of business as usual, the American people continue to work instead of putting up the fight that they are known for. Also make them fight amongst themselves because that is something that they highly believe in as well. Race relations takes the American people minds off the real problem. Just incase they get out of hand, futuristic technology is always there to persuade them… if you know what I mean, Mr. Byrd.
