But everyone's doing so well!

[Divitias]

Up to $17.7 trillion

https://www.newyorkfed.org/newsevents/news/research/2024/20240514

[Goofyhoofy]

Household debt, per capita, per the IMF:

[steve203]

As offered before, the much ballyhooed “supply side economic miracle” has been floated on an ocean of debt. Charts have been posted here before showing the drawdown of personal savings, and the accumulation of personal debt, over the last 45 years.

Steve

[jerryab2]

Laffer can pay it off. After all, it is his profit (realized by him and his supporters )–so they all have the money to easily pay it off.

[steve203]

@TMFMurph

is liberal spending running amok

Read my post “personal savings”, “personal debt”.

Steve

[TMFMurph]

I have Steve. So what?!

And I remember that when I asked you to name ONE good thing about the USA in a thread earlier this year, you refused/could not do so.

Everyone who reads any of your posts should keep that in mind when evaluating your posts.

Murph

[steve203]

@TMFMurph

I asked you to name ONE good thing about the USA in a thread earlier this year, you refused/could not do so.

Probably didn’t feel like playing whack-a-mole. The US is a better place to live than Guatemala. There. Happy now? And what did that prove?

Steve

[invain]

@TMFMurph

It is not the supply side economics you cite that is creating our debt ocean: it is liberal spending running amok, buying votes any way they can.

The article is about household debt, not sure what government spending has to do with anything. Also, shall we remind everyone how much debt the previous administration added? Neither party has been fiscally responsible for decades.

[flyerboys]

@TMFMurph

It is not the supply side economics you cite that is creating our debt ocean: it is liberal spending running amok, buying votes any way they can.

TMFMurph and others writing similarly:

No No NO! You are Wrong! Listen to MEEeeeee!
It IS supply side economics that is creating our debt ocean: it is conservative spending running amok, buying votes any way they can, via ownership of lying media, and deals with homosexual demons, and uhm, stuff like that.

Murph, I have had no problem with you, as you have been carefully more polite than even me. But this last post, and the post you were responding to, both shallow, and both hopelessly small “p” political with little useful content for anyone.

Let us all try to better.

d fb

[Goofyhoofy]

@TMFMurph

It is not the supply side economics you cite that is creating our debt ocean: it is liberal spending running amok, buying votes any way they can.

I honestly expected better of you. I guess I was mistaken. PS: So are you:

Trump and Biden: The National Debt | Committee for a Responsible Federal Budget

[Leap1]

@TMFMurph

It is not the supply side economics you cite that is creating our debt ocean: it is liberal spending running amok, buying votes any way they can.

State, local and federal budgets only 6.5% of the money goes to all the welfare programs combined.

Education, the military, and interest on the debt get the lion’s share of the budgets.

It is easy to lie to someone who believes a drug dealer getting food stamps is the main cause of $34 trillion in debt. The odd thing is when the person has no clue he is being lied to or used to get a tax cut for the wealthy.