America's ruin will be spending itself into bankruptcy.

matwood · 2025-06-08T06:43:00 1749364980

If you truly believe that, the fix is the opposite of what the GOP is proposing. Freeze spending at today’s levels, raise taxes (uncap SS, add higher tax brackets, add a wealth tax, etc…), then let the economy grow naturally.

brookst · 2025-06-08T01:26:08 1749345968

This wouldn’t be possible as the world’s reserve currency and provider of political stability. At incredibly low interest rates, most investments are positive ROI.

But by destroying the US’ position as reserve currency and establishing the country as too untrustworthy to do business with, Trump has made your statement true.

We can’t afford what we spend without those special economic benefits. And we just threw them away for no reason.

6figurelenins · 2025-06-08T07:04:39 1749366279

The geopolitical stability is now cheaper[1] than the debt service.

Naturally, that calls into question the incredibly low interest rates, and the reserve currency status.

If you need to blame Trump, the last straw was COVID.

> At incredibly low interest rates, most investments are positive ROI.

Step 1: Hold short term rates at zero, forever Step 2: ??? Step 3: Profit Step 4: Wow, that's a lot of debt

[1] https://www.cfr.org/blog/first-time-us-spending-more-debt-in...

dashundchen · 2025-06-08T00:25:42 1749342342

Trump and Republicans had a great hand in this (Afghanistan and Iraq invasions, Bush tax cuts, Trump tax cuts, PPP helicopter money for the rich), and are looking to double down with their current disaster of a bill. Hope you're opposing that.