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Posted on 12/19/24 at 8:51 pm to Taxing Authority
quote:
Not so much, because the debt service is so high and growing exponentially, the debt will never get smaller. Ever. As I said before I can see a pragmatic approach there… but the problem I have is Trump’s eagerness to trade higher spending to get it. It shows he’s not serious about making cuts. It’s was a bluff. He’s entirely willing to sell out on spending cuts to avoid addressing the debt issue up the road.
IIRC, there is over $7T that needs to be rolled over in 2025 that will carry higher interest than they are currently paying.
Posted on 12/19/24 at 8:56 pm to BuckyCheese
quote:Good chance interest passes up defense this year and becomes 3rd largest budget expenditure. Only behind SS and Medicare. It’s already bigger than all discretionary spending.
IIRC, there is over $7T that needs to be rolled over in 2025 that will carry higher interest than they are currently paying.
This post was edited on 12/19/24 at 8:56 pm
Posted on 12/19/24 at 9:03 pm to SlowFlowPro
quote:
A bunch of pork. 100 pages of random shite. Some outlays less than $1M and some in the tens of billions
So you didnt read or even skim the bill
Posted on 12/19/24 at 9:05 pm to SDVTiger
quote:
So you didnt read or even skim the bill
I did. I got 60 pages in and it was the same shite.
quote:
random shite. Some outlays less than $1M and some in the tens of billions
Page 16 of 16
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