The national debt is out of control

[Zorro]

The U.S. Treasury is planning to borrow almost $3 trillion during the second quarter (April to June) of 2020, a figure astounding in its size and implications. About $800 billion of that sum is designated as a financial reserve. If you were told that some or all of this reserve would be deployed by President Trump to win key voting blocs in the upcoming election, you might be shocked but not surprised.

If this story line seems too cynical even for Trump, you might argue that his aim is more modest: to inject as much “stimulus” into the economy as possible before the election. Either way, the behavior of the United States increasingly resembles that of a developing country. In many of these countries, an exploding national debt is a yardstick of economic malfeasance.

The national debt is out of control. There is a general disregard for covering new spending with new taxes or other spending cuts. It’s so much easier to borrow against the future. The debts pile up, and more often than not, the consequences can be evaded for many years or decades.

It is contended, correctly, that the latest U.S. debt binge reflects the pernicious effects of the coronavirus pandemic and, therefore, deserves to be exempted from a sweeping criticism of too much debt. This is true as far as it goes, but it does not go very far.

https://www.washingtonpost.com/opinions/the-national-debt-is-out-of-control/2020/05/10/4bdac9aa-916a-11ea-9e23-6914ee410a5f_story.html

[mitch96]

1. No Problem... repeal all of tRumps give aways to the rich.. That's a start... nt

[PSPS]

2. And it's so easy to fix. Just tax the rich for a change.

Even with the small steps Clinton took, the national debt would have been paid off in a year. But then the republicans came along and gave it all away to the oligarchs.

[KPN]

5. And immediately belly-ached thereafter about

the liberal tax and spend Democrats driving up a calamitous national debt no less! These fuckers have been getting away with unmasked highway robbery for decades ... all because of a fascist right wing media that mind melds the ignorant.

[Golden Raisin]

3. Another feather in Putin's sow chaos and internal destruction cap.

[LastDemocratInSC]

4. Raise taxes, especially on the wealthy.

Back to the marginal rates during Eisenhower's time.

We all have an obligation to get the debt resolved and an important component is raising taxes. A retail establishment that is going bankrupt because they are charging less and less for every product must reverse direction at some point.

[shadowmayor]

6. Stop the war machine

Repukes and too many Dems never cried a tear about debt when we sent people and bombs to Afghanistan, Iraq, Syria, Somalia and on and on and on. Never any money shortage for the bloodthirsty generals and the fawning corporate media. But when bucks are needed to actually help working Americans and their families, suddenly the bottom line is part of the discussion again.

And how about the DOD actually accounting for all the damned money we give them? It's too complicated we're told. Bunch of hooey that we're supposed to swallow and not question. The whole situation is terrifying.

[Luciferous]

7. Republicans only care about debt when Democrats are

in charge...