It is infuriating as zero democrats and RINOs see any issue with it. And people have no clue about the difference between debt and deficit. Economictards.
I heard Creepy Joe bragging that he has reduced the deficit, meaning deficit spending, not the debt. Who knows if Creepy Joe even knows the difference. Let's make this simpler to understand by personalizing it for one humanoid.
If a total deadbeat is spending $80K per year, mostly on credit cards, while making $40K, the deadbeats deficit spending is $40K. The overspend goes to his long-term debt. It is unsustainable and bankruptcy is directly ahead, and his borrowing ability will be cutoff immediately. But the deadbeat says, next year I am getting a raise.
So the next year, the deadbeat makes $50K and spends $89K ($9K more), so the deadbeat's deficit spending is now $39K which is added to his long-term debt. So though the deadbeat spent even more than the previous year, and went further into debt, the ecotard can claim progress. Only progressives think that is progress. But this deadbeat takes out a loan for the balance and plans to do it all over again.
Only in the Swamp is this considered something to be proud of, and the fake media is cheering it on.
I heard Creepy Joe bragging that he has reduced the deficit, meaning deficit spending, not the debt. Who knows if Creepy Joe even knows the difference. Let's make this simpler to understand by personalizing it for one humanoid.
If a total deadbeat is spending $80K per year, mostly on credit cards, while making $40K, the deadbeats deficit spending is $40K. The overspend goes to his long-term debt. It is unsustainable and bankruptcy is directly ahead, and his borrowing ability will be cutoff immediately. But the deadbeat says, next year I am getting a raise.
So the next year, the deadbeat makes $50K and spends $89K ($9K more), so the deadbeat's deficit spending is now $39K which is added to his long-term debt. So though the deadbeat spent even more than the previous year, and went further into debt, the ecotard can claim progress. Only progressives think that is progress. But this deadbeat takes out a loan for the balance and plans to do it all over again.
Only in the Swamp is this considered something to be proud of, and the fake media is cheering it on.