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On May 01 2026 07:21 DarkPlasmaBall wrote:Show nested quote +On May 01 2026 07:13 KwarK wrote:On May 01 2026 07:09 DarkPlasmaBall wrote:On May 01 2026 06:25 CuddlyCuteKitten wrote: The US has crossed the threshold of 100% debt to gdp ratio. It's not a sure sign of disaster or anything but it's not great.
Historically it's only been this high for 2 years after WWII ended and 2020 during the dip in GDP from covid.
An interesting tidbit (that I don't really know if it's correct, I picked it up from a comment on an article) is that the US ran a 0 budget in 1999 and a surplus in 2000, and that it was projected in 2000 that the US could actually be debt free 2012 if it continued on that path.
It's hard to imagine how much money the US would have if it hadn't reacted to 9/11 with wars in Afghanistan and Iraq and the chronic budget deficits that followed (currently at 6%). This may not be the whole picture and the entire cost, but: "The Iraq and Afghanistan conflicts, taken together, will be the most expensive wars in US history – totaling somewhere between $4 to $6 trillion. This includes long-term medical care and disability compensation for service members, veterans and families, military replenishment and social and economic costs. The largest portion of that bill is yet to be paid." https://www.hks.harvard.edu/publications/financial-legacy-iraq-and-afghanistan-how-wartime-spending-decisions-will-constrain "A report from the Costs of War project at Brown University revealed that 20 years of post-9/11 wars have cost the U.S. an estimated $8 trillion and have killed more than 900,000 people." https://www.brown.edu/news/2021-09-01/costsofwar If it cost $8t to remove the Taliban from Afghanistan then it was a price worth paying. I appreciate your clever tongue-in-cheek conditional ("if... then..."), because it's not the case that the Taliban is gone from Afghanistan (they've been back for several years): "The Taliban returned to power in Afghanistan in 2021, twenty years after their ouster by U.S. troops. Under their harsh rule, they have increasingly cracked down on women’s rights and neglected basic services." https://www.cfr.org/backgrounders/taliban-afghanistan "Afghanistan under the Taliban, the Sunni Islamist group that retook power in 2021" https://www.congress.gov/crs-product/R45122 I wonder if we'll throw another few trillion into that void, or find a different void before Trump's presidency has ended!
Yeah but those are the reformed taliban. If anything's going to be another void in the next idiocracy episode it's going to be a Saddam Hussein cosplayer refusing to play Saddam Hussein or something like that.
Baron Cohen tends to cover those bases (Kinda risky for him, someone like Gaillard does stuff that‘d get him offed pretty quickly in America).
Like, looking broadly at the issue you can‘t just pick out Trump as the only one. He‘s just playing a part in a network that tries to keep itself alive.
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On May 01 2026 06:25 CuddlyCuteKitten wrote: The US has crossed the threshold of 100% debt to gdp ratio. It's not a sure sign of disaster or anything but it's not great.
Historically it's only been this high for 2 years after WWII ended and 2020 during the dip in GDP from covid.
An interesting tidbit (that I don't really know if it's correct, I picked it up from a comment on an article) is that the US ran a 0 budget in 1999 and a surplus in 2000, and that it was projected in 2000 that the US could actually be debt free 2012 if it continued on that path.
It's hard to imagine how much money the US would have if it hadn't reacted to 9/11 with wars in Afghanistan and Iraq and the chronic budget deficits that followed (currently at 6%). It wasn't just the wars (although a large contributor). GW Bush campaigned on using the surplus to make tax cuts. He won and the tax cuts went through. So there wasn't going to be any surplus under Bush even without the wars. Gore campaigned on using the surplus to shore up social security. He lost and social security is now in a tenuous place, but he also wasn't planning on maintaining a surplus to pay down the debt. Neither final candidate campaigned on paying down the debt with that projected surplus. Only John McCain campaigned on paying down the debt and GW Bush beat him in the Republican primary.
Yes, there was a time when some Republicans were actually fiscally conservative and would have paid down the debt, but those Republicans lost to the Bush wing of the party.
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Regardless of whether or not we want our leaders to pay down/off the debt, what do we think will realistically happen over the next, say, 20 or so years? Here are 3 options off the top of my head, though surely there are more if anyone has alternatives.
1. Do we think our leaders will somehow become inspired to prioritize paying down the debt, and they'll seriously focus their attention and policies on doing that?
2. Do we think the United States will continue increasing the debt more and more, without ever really doing anything to reverse it, and the rest of the world will just quietly let it happen without the United States experiencing any sort of serious, negative consequences over the next 20 years or so?
3. Do we think that the United States will continue increasing its economic debt, but something economically catastrophic will happen due to that decision (defaulting on the debt, printing so much money that the dollar becomes seriously neutered, losing key trade partners, etc.)?
(I think #2. I think we'll be having this same discussion for several decades.)
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#3 if we keep electing the trumps of the country.
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Northern Ireland27029 Posts
Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect
But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits.
Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense.
A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻
Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources.
If people object, or these numbers are completely inaccurate I’ll take the L on that one.
If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous
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United States2774 Posts
On May 01 2026 04:32 oBlade wrote: .
You almost accidentally stumbled on the point when you said "Direct election was never in because suffrage was asymmetric" but then you veered off into talking about women's suffrage and cow levels (?).
Suffrage was asymmetric because of slavery. States that owned many slaves had less total land owners because a small number of wealthy slave owners owned a greater percentage of the land. That's why the three-fifths compromise was necessary to balance Northern populations. Many states didn't even have a popular vote for the first few presidential elections.
Excited to see what irrelevant bullshit you'll talk about in your next reply, it doesn't get more pointless than Diablo references.
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Northern Ireland27029 Posts
On May 01 2026 09:43 LightSpectra wrote:You almost accidentally stumbled on the point when you said "Direct election was never in because suffrage was asymmetric" but then you veered off into talking about women's suffrage and cow levels (?). Suffrage was asymmetric because of slavery. States that owned many slaves had less total land owners because a small number of wealthy slave owners owned a greater percentage of the land and everyone else was comparatively poorer. Therefore they had less voters total. That's why the three-fifths compromise was necessary even with an electoral college that counted non-voting white men and women. Many states didn't even have a popular vote for the first few presidential elections. Excited to see what irrelevant bullshit you'll talk about in your next reply, it doesn't get more pointless than Diablo references. I don’t think it really matters outside of understanding historical context and is basically a pointless argument.
It drags it away from ‘in 2026 does x make sense?’
Which people who want to avoid that specific argument love.
In my country it’s like deep-diving into the historical minutiae of particular monarchs to avoid having a conversation about whether we have a monarch in the first place and in the modern age what possible principle justifies having such an institution
My contention is simply that the modern, actual President has too much power, in an actual de facto 2 party system that will basically back their man or woman in the bicameral legislature, and the Supreme Court also tends to split partisan, then maybe electing that person and head of state should be down to a popular vote because of that.
If that all functioned properly, the case for maintaining the EC is much stronger, if it doesn’t well you can have a President who didn’t have the backing of the majority of voters doing things like declaring war unilaterally and well, what are you gonna do about that?
Rather than discuss the functionality of such things, even in an unrealistic abstract sense and assess these structures, conservatives would rather quote you like fucking Dave Whittingworth’s thoughts on the matter from 1805 as if that actually means anything in such a discussion.
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On May 01 2026 09:31 ZerOCoolSC2 wrote: #3 if we keep electing the trumps of the country. Yeah, I think creating trade wars (and real wars) will continue to sour relations with our allies, especially when we drag them into our messes. The worse our relationships are, the more likely that those "allies" will look elsewhere for solutions, goods, and services. If that happens, then our economic problems may accelerate and lead to significant consequences for us. And it'd be our fault.
On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. Show nested quote + A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Obviously, the Republican party is not fiscally responsible; they just use that phrase to cover for the fact that they'd rather give tax cuts to the wealthy than actually fund programs that could help the working and middle classes who actually need assistance.
As for calling in the debt, it'd certainly be awkward if a country asked for the United States to honor repayment of a sizable debt, especially if it was publicized that the ask was due to skepticism that the United States would be willing to pay the country back. Either the United States honors the debt, which would enable other countries to ask for money back too (creating a domino effect of debt repayment that the United States couldn't complete in one fell swoop), or the United States makes an excuse to not honor the debt (yet? ever?), in which case the other countries will start to assume that the United States won't pay them back either, which could again create one hell of an uncomfortable economic situation... for the entire world.
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Northern Ireland27029 Posts
On May 01 2026 10:16 DarkPlasmaBall wrote:Show nested quote +On May 01 2026 09:31 ZerOCoolSC2 wrote: #3 if we keep electing the trumps of the country. Yeah, I think creating trade wars (and real wars) will continue to sour relations with our allies, especially when we drag them into our messes. The worse our relationships are, the more likely that those "allies" will look elsewhere for solutions, goods, and services. If that happens, then our economic problems may accelerate and lead to significant consequences for us. And it'd be our fault. Show nested quote +On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Obviously, the Republican party is not fiscally responsible; they just use that phrase to cover for the fact that they'd rather give tax cuts to the wealthy than actually fund programs that could help the working and middle classes who actually need assistance. As for calling in the debt, it'd certainly be awkward if a country asked for the United States to honor repayment of a sizable debt, especially if it was publicized that the ask was due to skepticism that the United States would be willing to pay the country back. Either the United States honors the debt, which would enable other countries to ask for money back too (creating a domino effect of debt repayment that the United States couldn't complete in one fell swoop), or the United States makes an excuse to not honor the debt (yet? ever?), in which case the other countries will start to assume that the United States won't pay them back either, which could again create one hell of an uncomfortable economic situation... for the entire world. Don’t China hold a fair amount of it? Perhaps my brain is malfunctioning, I mostly go off memory of something I read 2 years ago or whatever and as regular perusers of this thread know I source basically nothing
That sounds problematic if you’re the current hegemonic power if you’ve plenty of debt owed to the only country in the world that has the capacity to be similarly hegemonic. And is much better run than yours. Not commenting on morality here, but in a more technocratic sense. China can plan for 5, 10, 15 years or whatever, the US is hamstrung by its democracy and can’t really do that. Green infrastructure projects and investment, then we’ll completely reverse to global warming isn’t real on a basic 4 year cycle! Same with foreign policy lately
China just keeps ticking on, basically with the same plans in perpetuity, like them or not.
The US’ political dysfunction is going to see it lose its dominant position in the world, I don’t really see how it doesn’t. I’m not sure on the timeframe, I’d be even more arrogant than I actually am if I claimed to know, but it feels somewhat inevitable on current trends.
Even if we take China’s advantages in terms of long-term planning by virtue of their not massively democratic systems out of play, if the US had even European or other ANZAC levels of political continuity they could probably weather these challenges and remain top dog.
I don’t know how the US can maintain its pre-eminence if it’s completely flipping on policy every 4 years or so, that will eventually bite
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On May 01 2026 11:02 WombaT wrote:Show nested quote +On May 01 2026 10:16 DarkPlasmaBall wrote:On May 01 2026 09:31 ZerOCoolSC2 wrote: #3 if we keep electing the trumps of the country. Yeah, I think creating trade wars (and real wars) will continue to sour relations with our allies, especially when we drag them into our messes. The worse our relationships are, the more likely that those "allies" will look elsewhere for solutions, goods, and services. If that happens, then our economic problems may accelerate and lead to significant consequences for us. And it'd be our fault. On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Obviously, the Republican party is not fiscally responsible; they just use that phrase to cover for the fact that they'd rather give tax cuts to the wealthy than actually fund programs that could help the working and middle classes who actually need assistance. As for calling in the debt, it'd certainly be awkward if a country asked for the United States to honor repayment of a sizable debt, especially if it was publicized that the ask was due to skepticism that the United States would be willing to pay the country back. Either the United States honors the debt, which would enable other countries to ask for money back too (creating a domino effect of debt repayment that the United States couldn't complete in one fell swoop), or the United States makes an excuse to not honor the debt (yet? ever?), in which case the other countries will start to assume that the United States won't pay them back either, which could again create one hell of an uncomfortable economic situation... for the entire world. Don’t China hold a fair amount of it? Perhaps my brain is malfunctioning, I mostly go off memory of something I read 2 years ago or whatever and as regular perusers of this thread know I source basically nothing That sounds problematic if you’re the current hegemonic power if you’ve plenty of debt owed to the only country in the world that has the capacity to be similarly hegemonic. And is much better run than yours. Not commenting on morality here, but in a more technocratic sense. China can plan for 5, 10, 15 years or whatever, the US is hamstrung by its democracy and can’t really do that. Green infrastructure projects and investment, then we’ll completely reverse on a basic 4 year cycle! Same with foreign policy lately China just keeps ticking on, basically with the same plans in perpetuity, like them or not. The US’ political dysfunction is going to see it lose its dominant position in the world, I don’t really see how it doesn’t. I’m not sure on the timeframe, I’d be even more arrogant than I actually am if I claimed to know, but it feels somewhat inevitable on current trends. Even if we take China’s advantages in terms of long-term planning by virtue of their not massively democratic systems out of play, if the US had even European or other ANZAC levels of political continuity they could probably weather these challenges and remain top dog. I don’t know how the US can maintain its pre-eminence if it’s completely flipping on policy every 4 years or so, that will eventually bite I think China currently holds less than one trillion dollars of US debt. Hundreds of billions is still a lot though!
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On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. Show nested quote + A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous
Not to argue the point too much because neither party is particularly responsible, but as your AI summary itself says, Obama came in after financial crisis spending, and Trump ended with COVID. The best way to actually restrain (but not actually fix) spending has been a Democrat president and a Republican House, and least looking at Clinton and Obama. Still, the problem is spending, not revenue, and with that in mind receipts don't matter as much as outlays. And there is absolutely no appetite, esp on the left, for less government spending. They wail when Republicans try to slow discretionary spending. And entitlement spending, where most of the growth in spending comes from these days? Crickets.
Complaining about tax cuts is all fine partisan fare, but even with tax cuts revenue keeps going up. It's spending spending spending.
|
On May 01 2026 11:18 Introvert wrote:Show nested quote +On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Not to argue the point too much because neither party is particularly responsible, but as your AI summary itself says, Obama came in after financial crisis spending, and Trump ended with COVID. The best way to actually restrain (but not actually fix) spending has been a Democrat president and a Republican House, and least looking at Clinton and Obama. Still, the problem is spending, not revenue, and with that in mind receipts don't matter as much as outlays. And there is absolutely no appetite, esp on the left, for less government spending. They wail when Republicans try to slow discretionary spending. And entitlement spending, where most of the growth in spending comes from these days? Crickets. Complaining about tax cuts is all fine partisan fare, but even with tax cuts revenue keeps going up. It's spending spending spending. It definitely needs controls for who runs the House and Senate, and comity for blaming what they inherited (does Obama get credited for starting in a financial crisis and ending not in a financial crisis, and does Biden get credited for starting in COVID spending and ending without COVID spending? But Trump gets blamed for ending in a COVID crisis, and GWB gets blamed for ending in a financial crisis?)
But you’re right that neither party gets high marks for responsibility, and it’s always been a spending problem despite frequent remarks about tax cuts and revenue.
|
Northern Ireland27029 Posts
On May 01 2026 11:18 Introvert wrote:Show nested quote +On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Not to argue the point too much because neither party is particularly responsible, but for as your AI summary itself says, Obama came in after financial crisis spending, and Trump ended with COVID. The best way to actually restrain (but not actually fix) spending has been a Democrat president and a Republican House, and least looking at Clinton and Obama. Still, the problem is spending, not revenue, and with that in mind receipts don't matter as much as outlays. And there is absolutely no appetite, esp on the left, for less government spending. They wail when Republicans try to slow discretionary spending. And entitlement spending, where most of the growth in spending comes from these days? Crickets. Complaining about tax cuts is all fine partisan fare, but even with tax cuts revenue keeps going up. It's spending spending spending. If the US is anything like the UK, a lot of entitlement spending goes to pensioners, and they turn out to vote in droves. And are also a growing demographic just generally
So you basically can’t touch that side of things, least here because it’s political suicide, even if it’s bad policy, which in the UK I think it is.
In the UK we have a ‘triple lock’ on pension income which basically insulates those entitlements from anything going on in the wider economy.
Which independently is fine, except everyone else has to eat things like inflation, which is one part of that particular triple lock.
Which costs billions to enforce incidentally here, when genuinely disabled people are finding it harder to get state care.
How much does Medicare cost? It’s gigantic. It dwarfs many other welfare programs. And people who are perfectly capable of affording their own care in the US system are still eligible as far as I’m aware
It’s never really about spending, it’s a moral judgement on who money should be spent on. Which is perfectly fine as a prism, but it’s packaged as something else.
Trump’s just spaffed 25 billion up the wall in operational costs alone for his Iran foray, never fucking mind how much the compounding costs of fuel price increases are
Is that acceptable spending or do you oppose that?
|
On May 01 2026 12:04 WombaT wrote:Show nested quote +On May 01 2026 11:18 Introvert wrote:On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Not to argue the point too much because neither party is particularly responsible, but for as your AI summary itself says, Obama came in after financial crisis spending, and Trump ended with COVID. The best way to actually restrain (but not actually fix) spending has been a Democrat president and a Republican House, and least looking at Clinton and Obama. Still, the problem is spending, not revenue, and with that in mind receipts don't matter as much as outlays. And there is absolutely no appetite, esp on the left, for less government spending. They wail when Republicans try to slow discretionary spending. And entitlement spending, where most of the growth in spending comes from these days? Crickets. Complaining about tax cuts is all fine partisan fare, but even with tax cuts revenue keeps going up. It's spending spending spending. If the US is anything like the UK, a lot of entitlement spending goes to pensioners, and they turn out to vote in droves. And are also a growing demographic just generally So you basically can’t touch that side of things, least here because it’s political suicide, even if it’s bad policy, which in the UK I think it is. In the UK we have a ‘triple lock’ on pension income which basically insulates those entitlements from anything going on in the wider economy. Which independently is fine, except everyone else has to eat things like inflation, which is one part of that particular triple lock. Which costs billions to enforce incidentally here, when genuinely disabled people are finding it harder to get state care. How much does Medicare cost? It’s gigantic. It dwarfs many other welfare programs. And people who are perfectly capable of affording their own care in the US system are still eligible as far as I’m aware It’s never really about spending, it’s a moral judgement on who money should be spent on. Which is perfectly fine as a prism, but it’s packaged as something else. Trump’s just spaffed 25 billion up the wall in operational costs alone for his Iran foray, never fucking mind how much the compounding costs of fuel price increases are Is that acceptable spending or do you oppose that?
You are right, as I've said before there won't be any spending/entitlement reform until the system actually breaks. That will force changes.
The military and national security is one of the things I think the government should actually be spending money on. Moreover 25 billion is chump change when deficit is >1 trillion. Honestly no spending really matters re: debt besides social spending, it's just too large of a chunk. Defense spending as % of GDP isn't even that high, it's just that US GDP is high.
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Northern Ireland27029 Posts
On May 01 2026 11:18 Introvert wrote:Show nested quote +On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Not to argue the point too much because neither party is particularly responsible, but as your AI summary itself says, Obama came in after financial crisis spending, and Trump ended with COVID. The best way to actually restrain (but not actually fix) spending has been a Democrat president and a Republican House, and least looking at Clinton and Obama. Still, the problem is spending, not revenue, and with that in mind receipts don't matter as much as outlays. And there is absolutely no appetite, esp on the left, for less government spending. They wail when Republicans try to slow discretionary spending. And entitlement spending, where most of the growth in spending comes from these days? Crickets. Complaining about tax cuts is all fine partisan fare, but even with tax cuts revenue keeps going up. It's spending spending spending. FDR had some shit to deal with, grew the deficit. Truman pulled it back to basically even stevens. Eisenhower kept it basically there. Kennedy grew it a little, Johnson grew it a little more. These last few were talking deficit/surpluses of a few percent, nothing crazy.
Then Nixon made a decent dent in it of a 2.4% narrowing from a deficit of 2.8% that he inherited from Lyndon Johnson
Since Nixon, every single Republican President has grown the deficit. Every single Democratic President has shrunk it.
I’m sure that’s just fluke or something.
It is interesting to be looking at the numbers. Outside of big epochal events,such as WW2 the deficit tended to be floating between 0-3% for quite some time.
|
On May 01 2026 12:22 WombaT wrote:Show nested quote +On May 01 2026 11:18 Introvert wrote:On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Not to argue the point too much because neither party is particularly responsible, but as your AI summary itself says, Obama came in after financial crisis spending, and Trump ended with COVID. The best way to actually restrain (but not actually fix) spending has been a Democrat president and a Republican House, and least looking at Clinton and Obama. Still, the problem is spending, not revenue, and with that in mind receipts don't matter as much as outlays. And there is absolutely no appetite, esp on the left, for less government spending. They wail when Republicans try to slow discretionary spending. And entitlement spending, where most of the growth in spending comes from these days? Crickets. Complaining about tax cuts is all fine partisan fare, but even with tax cuts revenue keeps going up. It's spending spending spending. FDR had some shit to deal with, grew the deficit. Truman pulled it back to basically even stevens. Eisenhower kept it basically there. Kennedy grew it a little, Johnson grew it a little more. These last few were talking deficit/surpluses of a few percent, nothing crazy. Then Nixon made a decent dent in it of a 2.4% narrowing from a deficit of 2.8% that he inherited from Lyndon Johnson Since Nixon, every single Republican President has grown the deficit. Every single Democratic President has shrunk it. I’m sure that’s just fluke or something. It is interesting to be looking at the numbers. Outside of big epochal events,such as WW2 the deficit tended to be floating between 0-3% for quite some time.
Is there a reason you replied to my first post again and ignored my answer to your question?
It actually is more complicated than that. Every Dem president since Carter has been elected during bad economic times and ridden the wave of economic recovery. Biden more complicated, but as we said the end of the Trump term had a bunch of COVID spending. Also, again, "every Democratic president since Nixon" is all of three people (Biden excepted)! Carter ended his term with federal spending up. So did Reagan, with Dems in Congress blocking any spending cutbacks. Then Clinton, who as I said before had the "Dem president Republican Congress". Ditto Obama. Biden came in after massive COVID spending. Looking at presidencies is missing half the story since Congress is a part of this too. Presidents don't get to make budgets and just implement them. Or take HWB. Federal spending decreasing. Then a recession, then he goes back on his no taxes pledge (look! a moderate raising taxes like dems want! What, no credit?). Still, a recession that kicked him out of the White House. Dems + Biden still spent a crap ton in inflation causing stimulus while they controlled both houses for the first two years. IDK as much about how they do it in Europe (though I see complaints about lack of stimulus) but in America our politicians don't do belt-tightening during bad times. They just spend more.
The thing is, it's just easier to spend money than haggle on where to cut. Which is why they don't cut. All they manage is sometimes, maybe, to slow the rate of increase of spending. And sometimes that lets natural economic growth outpace spending.
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On May 01 2026 13:03 Introvert wrote:Show nested quote +On May 01 2026 12:22 WombaT wrote:On May 01 2026 11:18 Introvert wrote:On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Not to argue the point too much because neither party is particularly responsible, but as your AI summary itself says, Obama came in after financial crisis spending, and Trump ended with COVID. The best way to actually restrain (but not actually fix) spending has been a Democrat president and a Republican House, and least looking at Clinton and Obama. Still, the problem is spending, not revenue, and with that in mind receipts don't matter as much as outlays. And there is absolutely no appetite, esp on the left, for less government spending. They wail when Republicans try to slow discretionary spending. And entitlement spending, where most of the growth in spending comes from these days? Crickets. Complaining about tax cuts is all fine partisan fare, but even with tax cuts revenue keeps going up. It's spending spending spending. FDR had some shit to deal with, grew the deficit. Truman pulled it back to basically even stevens. Eisenhower kept it basically there. Kennedy grew it a little, Johnson grew it a little more. These last few were talking deficit/surpluses of a few percent, nothing crazy. Then Nixon made a decent dent in it of a 2.4% narrowing from a deficit of 2.8% that he inherited from Lyndon Johnson Since Nixon, every single Republican President has grown the deficit. Every single Democratic President has shrunk it. I’m sure that’s just fluke or something. It is interesting to be looking at the numbers. Outside of big epochal events,such as WW2 the deficit tended to be floating between 0-3% for quite some time. Is there a reason you replied to my first post again and ignored my answer to your question? It actually is more complicated than that. Every Dem president since Carter has been elected during bad economic times and ridden the wave of economic recovery. Biden more complicated, but as we said the end of the Trump term had a bunch of COVID spending. Also, again, "every Democratic president since Nixon" is all of three people! Carter ended his term with federal spending up. So did Reagan, with Dems in Congress blocking any spending cutbacks. Then Clinton, who as I said before had the "Dem president Republican Congress". Ditto Obama. Biden came in after massive COVID spending. Looking at presidencies is missing half the story since Congress is a part of this too. Presidents don't get to make budgets and just implement them. Or take HWB. Federal spending decreasing. Then a recession, then he goes back on his no taxes pledge (look! a moderate raising taxes like dems want! What, no credit?). Still, a recession that kicked him out of the White House. Dems + Biden still spent a crap ton in inflation causing stimulus while they controlled both houses for the first two years. IDK as much about how they do it in Europe (though I see complaints about lack of stimulus) but in America our politicians don't do belt-tightening during bad times. They just spend more. The thing is, it's just easier to spend money than haggle on where to cut. Which is why they don't cut. All they manage is sometimes, maybe, to slow the rate of increase of spending. And sometimes that lets natural economic growth outpace spending. The trend of Dems blocking cuts in Republican presidencies (using the specter of cuts to accuse Republicans of killing grandmas and orphans and minorities), and Republican congresses being elected in Dem presidencies as a reaction to their early increases in spending (1994 Gingrich contract with America, 2010 Tea Party wave), are important enough that omitting them is a sure sign of political partisanship.
Not that either party has done well on the subject, but you have to give fair consideration in order to have an ounce of understanding on the subject.
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On May 01 2026 13:18 dyhb wrote:Show nested quote +On May 01 2026 13:03 Introvert wrote:On May 01 2026 12:22 WombaT wrote:On May 01 2026 11:18 Introvert wrote:On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Not to argue the point too much because neither party is particularly responsible, but as your AI summary itself says, Obama came in after financial crisis spending, and Trump ended with COVID. The best way to actually restrain (but not actually fix) spending has been a Democrat president and a Republican House, and least looking at Clinton and Obama. Still, the problem is spending, not revenue, and with that in mind receipts don't matter as much as outlays. And there is absolutely no appetite, esp on the left, for less government spending. They wail when Republicans try to slow discretionary spending. And entitlement spending, where most of the growth in spending comes from these days? Crickets. Complaining about tax cuts is all fine partisan fare, but even with tax cuts revenue keeps going up. It's spending spending spending. FDR had some shit to deal with, grew the deficit. Truman pulled it back to basically even stevens. Eisenhower kept it basically there. Kennedy grew it a little, Johnson grew it a little more. These last few were talking deficit/surpluses of a few percent, nothing crazy. Then Nixon made a decent dent in it of a 2.4% narrowing from a deficit of 2.8% that he inherited from Lyndon Johnson Since Nixon, every single Republican President has grown the deficit. Every single Democratic President has shrunk it. I’m sure that’s just fluke or something. It is interesting to be looking at the numbers. Outside of big epochal events,such as WW2 the deficit tended to be floating between 0-3% for quite some time. Is there a reason you replied to my first post again and ignored my answer to your question? It actually is more complicated than that. Every Dem president since Carter has been elected during bad economic times and ridden the wave of economic recovery. Biden more complicated, but as we said the end of the Trump term had a bunch of COVID spending. Also, again, "every Democratic president since Nixon" is all of three people! Carter ended his term with federal spending up. So did Reagan, with Dems in Congress blocking any spending cutbacks. Then Clinton, who as I said before had the "Dem president Republican Congress". Ditto Obama. Biden came in after massive COVID spending. Looking at presidencies is missing half the story since Congress is a part of this too. Presidents don't get to make budgets and just implement them. Or take HWB. Federal spending decreasing. Then a recession, then he goes back on his no taxes pledge (look! a moderate raising taxes like dems want! What, no credit?). Still, a recession that kicked him out of the White House. Dems + Biden still spent a crap ton in inflation causing stimulus while they controlled both houses for the first two years. IDK as much about how they do it in Europe (though I see complaints about lack of stimulus) but in America our politicians don't do belt-tightening during bad times. They just spend more. The thing is, it's just easier to spend money than haggle on where to cut. Which is why they don't cut. All they manage is sometimes, maybe, to slow the rate of increase of spending. And sometimes that lets natural economic growth outpace spending. The trend of Dems blocking cuts in Republican presidencies (using the specter of cuts to accuse Republicans of killing grandmas and orphans and minorities), and Republican congresses being elected in Dem presidencies as a reaction to their early increases in spending (1994 Gingrich contract with America, 2010 Tea Party wave), are important enough that omitting them is a sure sign of political partisanship. Not that either party has done well on the subject, but you have to give fair consideration in order to have an ounce of understanding on the subject.
tbf Republicans don't do anything about it even when they control everything (though the filibuster complicates things). Republicans couldn't even turn discretionary spending down to pre-COVID levels. And as you said, they have to deal with the attacks. But with Trump in the White House there isn't even a pretense anymore. You do have to look at Congress though, absolutely.
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The threat isn't them "calling in the debt" its selling the debt at the same time the government is attempting to sell its own debt, forceing it to increase the intrest rate on that debt so that it can get sold ahead of the foreigners selling of our debt. That would create a death spiral of the intrest spiking-our deficit spiking-our debt becoming worth less-causeing the intrest to go up spiking out deficit.
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On May 01 2026 13:31 Introvert wrote:Show nested quote +On May 01 2026 13:18 dyhb wrote:On May 01 2026 13:03 Introvert wrote:On May 01 2026 12:22 WombaT wrote:On May 01 2026 11:18 Introvert wrote:On May 01 2026 09:36 WombaT wrote:Who’s calling in the debt? What does that look like? If you don’t really have to worry about that, I mean why worry about it? Until you have to of course. But one of the main benefits of being such a pre-eminent, dominant power is that it’s quite tricky for people to come collect But if you do have to worry about it or claim you do, then you have to look at well, those pesky surpluses or deficits. Republicans consistently campaign on cutting national debt, or yearly deficits and in office basically do the opposite. It’s basically a complete nonsense. A clean way to compare U.S. budget deficits/surpluses across 21st-century presidencies is to look at (1) starting vs. ending annual deficit, and (2) total deficits accumulated during each administration. The key point: the U.S. has run continuous deficits since 2001—no president in the 21st century has achieved a surplus (the last was under Bill Clinton in 2000).
⸻
Big picture (2001–present)
* 2000 (end of Clinton): ~$+128B surplus * Every year since 2001: deficit (often very large) * Deficits fluctuate mainly due to recessions, wars, tax policy, and crises (especially 2008 and COVID-19)
⸻
By president (21st century)
George W. Bush (2001–2009)
* Start: ~$+128B (surplus) * End: ~−$1.4T deficit * Trend: Surplus → large deficits * Drivers: tax cuts, wars in Iraq/Afghanistan, 2008 financial crisis
👉 This is the only 21st-century presidency that begins in surplus and flips sharply into deficit.
⸻
Barack Obama (2009–2017)
* Start: ~−$1.4T (Great Recession peak deficit) * End: ~−$665B * Total deficits: ~$6.8T over two terms * Trend: Deficits shrink steadily, though remain negative
👉 Key context: Obama inherits the largest modern deficit and reduces it by roughly half.
⸻
Donald Trump (2017–2021)
* Start: ~−$665B * End: ~−$2.8T * Total deficits: ~$6.6T * Trend: Deficits rise again, especially in 2020–21
👉 COVID-19 drives the largest single-year deficits in U.S. history (over $3T in 2020).
⸻
Joe Biden (2021–present, through ~2025 data)
* Start: ~−$2.8T * Recent level: ~−$1.8T * Trend: Deficits fall from pandemic peak but remain historically high
👉 Even after the COVID spike subsides, deficits remain well above pre-2008 norms.
President—————-Start of Term———-End of Term Bush:**************** +$128B)*************** -$1.4T Obama:************** −$1.4T.**************** -$665B Trump:************** −$665B.**************** -$2.8T Biden:*************** −$2.8T.***************** -$1.8T
⸻ Apologies for the wonky table formatting and outsourcing to ChatGPT for this. It is decent at pumping out snapshots of what you already know to be the case but don’t want to spend an inordinate amount of time deep diving sources. If people object, or these numbers are completely inaccurate I’ll take the L on that one. If they’re even vaguely accurate the idea that Republican Presidential periods correspond with fiscal responsibility is utterly ludicrous Not to argue the point too much because neither party is particularly responsible, but as your AI summary itself says, Obama came in after financial crisis spending, and Trump ended with COVID. The best way to actually restrain (but not actually fix) spending has been a Democrat president and a Republican House, and least looking at Clinton and Obama. Still, the problem is spending, not revenue, and with that in mind receipts don't matter as much as outlays. And there is absolutely no appetite, esp on the left, for less government spending. They wail when Republicans try to slow discretionary spending. And entitlement spending, where most of the growth in spending comes from these days? Crickets. Complaining about tax cuts is all fine partisan fare, but even with tax cuts revenue keeps going up. It's spending spending spending. FDR had some shit to deal with, grew the deficit. Truman pulled it back to basically even stevens. Eisenhower kept it basically there. Kennedy grew it a little, Johnson grew it a little more. These last few were talking deficit/surpluses of a few percent, nothing crazy. Then Nixon made a decent dent in it of a 2.4% narrowing from a deficit of 2.8% that he inherited from Lyndon Johnson Since Nixon, every single Republican President has grown the deficit. Every single Democratic President has shrunk it. I’m sure that’s just fluke or something. It is interesting to be looking at the numbers. Outside of big epochal events,such as WW2 the deficit tended to be floating between 0-3% for quite some time. Is there a reason you replied to my first post again and ignored my answer to your question? It actually is more complicated than that. Every Dem president since Carter has been elected during bad economic times and ridden the wave of economic recovery. Biden more complicated, but as we said the end of the Trump term had a bunch of COVID spending. Also, again, "every Democratic president since Nixon" is all of three people! Carter ended his term with federal spending up. So did Reagan, with Dems in Congress blocking any spending cutbacks. Then Clinton, who as I said before had the "Dem president Republican Congress". Ditto Obama. Biden came in after massive COVID spending. Looking at presidencies is missing half the story since Congress is a part of this too. Presidents don't get to make budgets and just implement them. Or take HWB. Federal spending decreasing. Then a recession, then he goes back on his no taxes pledge (look! a moderate raising taxes like dems want! What, no credit?). Still, a recession that kicked him out of the White House. Dems + Biden still spent a crap ton in inflation causing stimulus while they controlled both houses for the first two years. IDK as much about how they do it in Europe (though I see complaints about lack of stimulus) but in America our politicians don't do belt-tightening during bad times. They just spend more. The thing is, it's just easier to spend money than haggle on where to cut. Which is why they don't cut. All they manage is sometimes, maybe, to slow the rate of increase of spending. And sometimes that lets natural economic growth outpace spending. The trend of Dems blocking cuts in Republican presidencies (using the specter of cuts to accuse Republicans of killing grandmas and orphans and minorities), and Republican congresses being elected in Dem presidencies as a reaction to their early increases in spending (1994 Gingrich contract with America, 2010 Tea Party wave), are important enough that omitting them is a sure sign of political partisanship. Not that either party has done well on the subject, but you have to give fair consideration in order to have an ounce of understanding on the subject. tbf Republicans don't do anything about it even when they control everything (though the filibuster complicates things). Republicans couldn't even turn discretionary spending down to pre-COVID levels. And as you said, they have to deal with the attacks. But with Trump in the White House there isn't even a pretense anymore. You do have to look at Congress though, absolutely. Since the sequester, so 15/17 years ago, correct.
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