Donald Trump and the Republicans are insisting the economy is great and unhappy Americans are deluded. Just like Democrats under Joe Biden, they’re lying to themselves and everyone else — and will eventually pay the price.
Which part of the USA’s enormous debt makes it the richest country? They’re paying $2b per day just on interest repayments and have a national debt of over $30 trillion. At present the debt far exceeds GDP so I would say the USA is broke.
Richest country in the world turns out to mean that a burger and beer plus tax and tip is 50 bucks. But our education, health care and infrastructure is a global embarrasment. And we are the ones driving the equivalent of ladas now. Russians now drive posh chinese cars, which we dont sell here because itd destroy our domestic market overnight. Its all a big joke.
The problem with debt is you need some material thing to offset it. If you take out a loan for a car your debt is offset by the car. There’s no good measure of the value of the economy to the avg person.
The GDP is just a measure of “work done” its not a measure of the actual “car” etc we’re paying for. The problem is the government and corporate america are slowly firing all the people that create real, valuable products and replacing it with slop, police state bullshit and outright fraud.
So instead of getting houses, groceries and gas etc for this debt we’re getting “financial products”, “ai”, price fixing, corporate collusion, private prisons and other things that kind of inflate corporate value while average people see no real world returns on the spending
Richest country in the world. Sure don’t feel like it when you look at our: infrastructure, schools, healthcare, public transportation, etc
What is the meaning of “the richest country in the world,” anyways? Highest digital numbers in bank? The phrase has always been so deceptive
Aircraft carriers and nukes, of course! Yay. So much “winning” for you and me.
also lots of BILLIONAIRES, and hundred millionaires, with thier wealthy enclaves.
Indeed…+1. Whenever an American tells me that shit, I ask them why hunger still exists in the USA along with the extreme poverty.
Which part of the USA’s enormous debt makes it the richest country? They’re paying $2b per day just on interest repayments and have a national debt of over $30 trillion. At present the debt far exceeds GDP so I would say the USA is broke.
Richest country in the world turns out to mean that a burger and beer plus tax and tip is 50 bucks. But our education, health care and infrastructure is a global embarrasment. And we are the ones driving the equivalent of ladas now. Russians now drive posh chinese cars, which we dont sell here because itd destroy our domestic market overnight. Its all a big joke.
The problem with debt is you need some material thing to offset it. If you take out a loan for a car your debt is offset by the car. There’s no good measure of the value of the economy to the avg person.
The GDP is just a measure of “work done” its not a measure of the actual “car” etc we’re paying for. The problem is the government and corporate america are slowly firing all the people that create real, valuable products and replacing it with slop, police state bullshit and outright fraud.
So instead of getting houses, groceries and gas etc for this debt we’re getting “financial products”, “ai”, price fixing, corporate collusion, private prisons and other things that kind of inflate corporate value while average people see no real world returns on the spending
That’s not how it works. No, it isn’t anything like your personal household debt.
it all goes to defense budget, by extension also israel defense.