I don't know if you don't believe or don't understand, the United States is broke. There is no money.
You are worrying about cuts, if you are a breathing American you owe over hundred thousand.
You obviously don't understand basic economy. You have imagined that the goal is for a nation to have no debt at all, but that is entirely wrong. The goal is always for the Debt to GDP Ratio to be 100%... anything less and you are not investing in the nation properly.
Biden administration took in more money than any US president and was still 2 trillion in the hole a year.
Yes and no. Technically you are correct, but you are ignoring the fact that the GDP rose at a higher rate.
At the end of 2019, the Debt to GDP Ratio was at a record high of 105.8%. Then COVID and the subsequent Depression happened, and the Debt to GDP Ratio skyrocketed to 132.8%. At the end of 2024 it was down to 120.7%... a huge improvement from that 132%, and the fastest improvement in American history!
From 2016 to 2020 the debt increased by 40.1%. From 2021 to 2024 it increased by 19.85%. That's a huge improvement! And part of why the Debt to GDP Ratio decreased so quickly.
They had to revised the employment records each month and the final revision was down 600,000 jobs
This is misleading... the BLS revises their numbers annually, around March. It has always been this way.
As of the end of 2024 we still had a near record low unemployment rate of 4%, which is the other reason why the Debt to GDP Ratio decreased so quickly.
We also had a surplus of about 8 million jobs... meaning, more jobs available than we had people to fill them. That's actually the biggest problem we have in the economy right now, and THAT is about to get a whole lot worse...
And then Janet Yellen was hiding the money being spent and putting in on short term loans which has to be paid at a higher interest rate in a quicker time
She didn't hide anything, I don't know where you came up with that. But yes, she did move 30% of government borrowing to short term securities... an increase from the usual 15%. Which was done to help keep interest rates low and lower the post-COVID inflation.
And then Biden had the most federal employees under his watch.
Totally false...
Our credit rating dropped under Biden.
Also completely false. It dropped from AAA to AA+ in June 2013, was increased to AAA in July 2013, and has been AAA ever since.
No country is letting us borrow money so we were printing money weaken the dollar and driving up inflation.
Also completely false. The amount of foreign owned debt in the US has been relatively steady since the recovery from the Bush Depression.
And Biden did not "print more money." That was Trump.
The increased inflation rate that you're talking about started under Trump, and Biden stopped the growth by 2022. The rate by the end of 2024 was 2.9%... which is very close to the ideal 2.5% annual inflation rate.
China, India, and Russia smelled blood in the water and are trying to do away with the dollar as the main currency.
Yes, but again, misleading. I've talked about BRICS a lot... that began in 2006.
Now tell me what are you going to cut and the minimum is 2 trillion. Actually needs to be more to pay on the debt.
No, again I'll say that you don't understand basic economy. Your goal of paying off the debt would be the end of the nation.
And the current administration does not intend to cut anything, that's just propaganda. The goal is to give departments to billionaires, continue to pay for those services with subsidies, but then let the billionaires profit from them. It has nothing to do with decreasing the debt... as noted by the fact that Trump wants to increase the debt by $4 trillion this year.
