this post was submitted on 11 May 2024
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For Mike Johnson it was effectively a Day 1 priority.

It’s well past time, the newly elected House speaker said in October, to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt. “The consequences if we don’t act now are unbearable,” he said, echoing warnings from his predecessor and other House Republicans.

More than six months later, the proposal appears all but dead, extinguished by vocal opposition from both the right and the left.

The collapse underscores an unyielding dynamic in Washington, with lawmakers in both parties loath to consider the unpopular tradeoffs that would be necessary to stem the nation’s swelling tide of red ink — particularly in an election year. Facing the reality that any fiscal commission would almost certainly suggest that Americans pay more or get less from their government, lawmakers have time and again done what they do so well: punt the problem to the next Congress. And they seem poised to do so again.

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[–] originalucifer@moist.catsweat.com 42 points 1 month ago (2 children)

ha, wow. this really highlights how out of whack the conservatives are. the debt is usually the club they use to beat the dems into submission when they do not control the whitehouse. when conservatives have the white house, the debt is never, ever an issue.

[–] disguy_ovahea@lemmy.world 4 points 1 month ago (1 children)

Trumplicans aren’t conservatives. There are a handful of traditional conservatives left in Congress, and they’ve been actively leaving due to the infighting of MAGA Republicans.

[–] MacAttak8@lemmy.world 8 points 1 month ago (1 children)

This was happening way before MAGA.

[–] disguy_ovahea@lemmy.world 2 points 1 month ago (2 children)

Conservatives comprised the majority of Republicans before 2016. Trump saw a rift in the party and tore it wide open.

[–] MacAttak8@lemmy.world 4 points 1 month ago (1 children)

I do not disagree with what you’re saying.

My point was that this hypocrisy about the national debt predates MAGA by like 40 years. I posted an article explaining it all. Two Santa Clause Theory.

[–] disguy_ovahea@lemmy.world 2 points 1 month ago* (last edited 1 month ago) (1 children)

I was only commenting on ~~your~~ the use of the term conservatives in place of Republicans. They’re not synonymous anymore. I completely agree with your point about the hypocrisy.

[–] MacAttak8@lemmy.world 2 points 1 month ago (1 children)

I see what you’re saying. For what it’s worth I never used either term. That was u/originallucifer.

You have piqued my interest though. What would you consider Republicans if they aren’t conservatives? I consider them Far right conservatives. Radical conservatives if you will.

[–] disguy_ovahea@lemmy.world 3 points 1 month ago* (last edited 1 month ago) (1 children)

They’re not fiscally conservative if they can’t balance a budget. Right wing or Republicans is what I use. I didn’t notice that you weren’t the initial commenter. Sorry about that. I corrected my mistake.

[–] MacAttak8@lemmy.world 1 points 1 month ago* (last edited 1 month ago)

The sad part is no Republican since Eisenhower in 1960 has had a balanced budget.

Clinton handed GW Bush a budget surplus in 2001 and is the last time we’ve had a balanced budget.

So by your definition Republicans have not been conservative in a very long time?

https://fred.stlouisfed.org/series/FYFSD

Edit: I initially listed LBJs 1969 surplus as the most recent Republican balanced budget due to a brain fart forgetting he was a Democratic politician.

[–] njm1314@lemmy.world 0 points 1 month ago (1 children)

Disagree completely. Trump conservatives are just your normal conservatives who aren't afraid to say things out loud anymore.

[–] disguy_ovahea@lemmy.world 1 points 1 month ago (1 children)

They’d have to demonstrate fiscal responsibility to be accurately labeled as conservatives.

[–] njm1314@lemmy.world 0 points 1 month ago

No they don't. That's always been a lie they tell.

[–] FlyingSquid@lemmy.world 32 points 1 month ago

Ah, the regular "America's debt is $___" article, which never seems to make a difference in my life.

[–] Buffalox@lemmy.world 31 points 1 month ago* (last edited 1 month ago)

That's a lot of money and the most in the world, but USA is also the worlds biggest economy. The better way to measure is by % of GDP, and when you look at it that way, USA is number 45, with 95% as of December. With a few countries with bigger debt percentage, that are considered very strong and healthy economies like for instance Norway and Denmark.

https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

[–] seaQueue@lemmy.world 21 points 1 month ago

Funny how the national debt only ever comes up when Republicans want something

[–] andyburke@fedia.io 18 points 1 month ago

We keep lowering taxes on the wealthiest and then wondering why we can't afford our budgets. How stupid are we? The national debt will get solved the moment we start making corporations and people earning 7 figures (US$) a year pay their fair share instead of spending it on megaprojects and megayachts.

[–] tsonfeir@lemm.ee 10 points 1 month ago

Republicans plan to bleed the country dry and let it fall. Wake up.

[–] misanthropy@lemm.ee 6 points 1 month ago

Wow, who the hell cares? It's literally made up money. I've watched the debt climb year after year, with zero impact to day to day life.

[–] tal@lemmy.today 2 points 1 month ago* (last edited 1 month ago)

Well, if people don't like inflation -- a source of major popular complaint -- paying down the national debt will tend to tamp down on it, I suppose.