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1. feld (feld@bikeshed.party)'s status on Saturday, 03-Jun-2023 09:32:38 JST feld
   It's so strong that it almost collapsed because they needed another loan to run the country
   • LS likes this.
   • GLUΞDToTheSCRΞΞN (gluedtothescreen@noagendasocial.com)'s status on Saturday, 03-Jun-2023 09:41:14 JST GLUΞDToTheSCRΞΞN

     in reply to

     LOGIC... @feld

     ... definitely ~not~ the strong suit of the Left.

   • feld (feld@bikeshed.party)'s status on Saturday, 03-Jun-2023 09:41:14 JST feld

     in reply to

     • GLUΞDToTheSCRΞΞN
     Trump owns $7.8T of it, and the last time we had a surplus was Clinton. Don't even start with that nonsense; they both do it, they just disagree on what to spend it on.
     LS likes this.
   • feld (feld@bikeshed.party)'s status on Saturday, 03-Jun-2023 20:52:53 JST feld

     in reply to

     • GLUΞDToTheSCRΞΞN
     • FourOh-LLC
     Weird how the graph grows faster when the bars are red
     LS likes this.
   • FourOh-LLC (fouroh-llc@pkteerium.xyz)'s status on Saturday, 03-Jun-2023 20:52:54 JST FourOh-LLC

     in reply to

     • GLUΞDToTheSCRΞΞN
     So if the last time we had surplus was Clinton, and Trump owes 7.8T - please do the clown algebra for the missing 16 years by Bush and Obama... I am pretty sure you have a bit of an adjustment to make on that 7.8 T
   • feld (feld@bikeshed.party)'s status on Sunday, 04-Jun-2023 04:44:15 JST feld

     in reply to

     • GLUΞDToTheSCRΞΞN
     • Salastil
     > The last time we had a surplus is because Bush Sr raised taxes right as the dot-com era took off.
     
     The dot com era was not for another 10 years LOL
     
     Reagan cut top tax rate from 50% to 28%
     
     Bush Sr raised it to 31%
     
     Clinton raised it to 38.6%
     
     There's no way that Bush Sr gets any credit for the surplus. Absurd.
     
     ---
     
     On November 5, 1990, Bush signed the Omnibus Budget Reconciliation Act of 1990. Among other provisions, this raised multiple taxes.
     
     The law increased the maximum individual income tax rate from 28 percent to 31 percent, and raised the individual alternative minimum tax rate from 21 percent to 24 percent. It also increased other taxes, including payroll and excise taxes, and limited itemized deductions for high-income individuals. However, it increased access to the earned income tax credit for low-income families, and limited the capital gains rate to 28 percent.
     LS likes this.
   • Salastil (salastil@pleroma.salastil.com)'s status on Sunday, 04-Jun-2023 04:44:16 JST Salastil

     in reply to

     • GLUΞDToTheSCRΞΞN
     The last time we had a surplus is because Bush Sr raised taxes right as the dot-com era took off. Bush Sr got absolutely savaged in the elections for repudiating his "No New Taxes" pledge. Clinton merely rearranged the tax brackets for better returns, though all of this happened with a Republican House, the actual body responsible for spending anyway, President gets way too much flak for the atrocious job the House of Representatives does for budgeting. The figure of the national debt commonly talked about is useless anyway, it will always be larger because of inflation over the years. A dollar in 1900 went a lot farther than a dollar does today.
     
     I'm not exactly sure what would make a better measurement though... debt-to-gdp has the problem of being variable because of the Fed rates changing. The large national debt figure will mostly be dissolved by inflation, which is why focusing only on the immediate payments is more pragmatic a measuring stick.