The GOP blew past debt warnings as they pushed the megabill forward. The markets have noticed.
The GOP blew past debt warnings as they pushed the megabill forward. The markets have noticed.
💪🤬
Republicans won't stop until we make them. They're pushing us towards a financial, housing, & health catastrophe. Why? What's the motive? Greed. Who does this to their fellow man? Merciless, inhumane, cruel, unsympathetic power grabbers. Possessing every trait a normal society shuns. Time to SHUN!.
Both political parties are corrupt and evil. Democrats in Congress had tools to stop this or prevent the worst of it, even if they want us to believe they were powerless. The majority secretly wanted this to pass, because it gives them something to run against in the midterms.
'either party' Fuck right the fuck off political.
Some explain this to me like I'm Donald Trump. Because i had a look at the markets and there up! Crypto is up to?
I don’t believe shit anymore cause once trump do one thing they like they back on his dick
Don't worry, Donnie's got a master plan to save the entire economy with one easy move. He's going to declare bankruptcy. Again.
Seriously this headline? Dems have been fixing the fucked up economy's the GOP leaves them with since Reagan, it's history and so frickin easy to check.
Trump needed his Big Bill to hide the many Dictatorship policies he wanted. If the bills were divided he couldn't hide them as well.
That's ok. Another generation will pay for their fuckups.
Putin wants the US bankrupt. Trump obliges. No Social Security. World Depression. US Civil War.
These delusional idiots are pro-fascism not pro capitalism anymore
Give it 6 mos. The downward dollar, inflation, excessive and unnecessary debt will be felt. In a year, serious economic consequences.
All that will definitely be fixed by deploying more ICE agents onto the streets of major cities though, right? ... right..?
The Republicans--pigs at a trough. Oink, Oink.
Yeah, bc the donors of the GOP, i.e. billionaires, want a return on their 'investment ". This was a done deal before it even started.
As long as budgets are ENTIRELY framed as unneeded expenditures and revenue cutting is the order of the day, the United States is fucked.
Amazing they haven't noticed more. Not only does this bill as scrawled out on napkins add huge amounts of debt, it is likely that when the biggest cuts are set to happen, the political pressure will get too heavy and they will not occur. That is good for Medicaid but means $1 trillion more in debt
Guess everyone better hope a Democrat wins '28 so they can take the blame for fixing all of the problems caused by Republicans cutting taxes, like with Reagan, Bush, Dubya, & now Trump #1 and #2. Politico - please stop treating Republicans like they have an actual plan beyond "more for me and mine"
Yes, Republicans are at this point in history, Nazis. They were however they were in the past, but now they have a twice impeached rapist insurrectionist that they pledge full allegiance to in their actions. They might say otherwise, so watch their votes. We are were we are because of their votes
👊👊👊👊👊👊👊👊👊👊👊👊👊👊👊
stupid, greedy and they don't care
Damn fools.
Hey, so will you continue to take Republicans seriously when they claim concern about the debt? Because they are always lying about it but you take them at their word!
Whatever Wallstreet You complicit
But this is what Republicans Always do
The 2006 film, Idiocracy was once a comedy—now it’s a documentary where a dystopian future America is ruled by stupidity. Experts are mocked, corporations rule, and debates feel like reality TV. A sports drink has replaced water for drinking and irrigation because of its electrolytes--worth a view.
Can ya'll see that they don't give a rat's azz about the national debt. They complained and cried, just to keep Dems in line, to stop taking money away from their billionaire donors. Yet, Dems had to clean up after them. It is all a game to them. They 'spend money like a drunken sailor'.
Maybe look back over the post Carter years and see which party displayed better fiscal discipline vis a vie budget deficits. Then maybe you wouldn't write something so fucking stupid as "if either party is capable of improving the counties fiscal trajectory"
vis a vis. (Sorry, your post was thoughtful, you seem like the type that would take this as constructive criticism, which is all it's intended to be.) (Technically there's an accent on the a but i ain't typin' that.)
Thanks.
That would require a modicum of integrity their editors don’t have.
"Wall Street wonders if either party is capable of improving the nation's fiscal trajectory" Wall Street could have insisted that Republicans not pass trillions in tax cuts if they were really worried about the national debt. I hear they have very powerful lobbyists.
Remember way, way back in like October when every republican mouthpiece and red hat wearing American on social media was telling us the deficit and national debt were such an existential threat to America that it must be addressed immediately? I do, but apparently MAGA and republicans don't.
Debt warnings? They work for a mob boss with 16 bankruptcies under his “belt”. Looks like he’s aiming to make America number 17, using his Congressional Republican crime syndicate to help him do it.
our credit raiting will take a hit
It already has
The debt is only a problem when Democrats are in power. What's especially infuriating about that is that even some Democrats will sandbag their own party's agenda to pretend like they are fiscally responsible.
Either party? It's always the Republicans driving up the debt & cutting the taxes of ultra wealthy. They only "talk" about reducing the debt. Biden avoided the inevitable recession that everyone including all the smart people at Politico said couldn't be avoided. Stop the bull. Tell the truth.
Markets have been up all day. And even NPR today said the economy was doing fine.
98% of those clowns have no clue what’s in that bill
Great Depression 2 on the way. The trump depression, it will be yuuge.
Bessent is an idiot he believes he will come out of this unscathed- expecting a pardon due to his BS - I have a feeling the whole cabinet and enablers expect it
How far will Bessent go to further debase himself?
Far
Welcome to the Billionaires Gilded Age! These clowns don’t care about the general public they only care about the Uber Wealthy! They are creating the Old White Oligarchs USA Country Club where we will PAY and they will PLAY!
I'm old enough to remember when the republicans were all giddy for shutting down the government when Democrats mentioned raising the debt limit.
Vote for those who support the restoration of taxes on the predators. I don't need more tax breaks. I need a country that will make itself a healing science super power, a clean energy super power, a sustainable superpower. A culture that values understanding § respecting our Earth.
The billionaire club just insured that their wealth will grow exponentially.
You should be ashamed, Politico. There is only one party in power. The Dems had the economy running extremely well before this Republican 💩show.
MONEY is Republican's ONE and ONLY game. Money, Greed, and Evil runs rampant in them.
Ther has never been such an uneducated economic policy maker as Trump. He just pulls numbers out of thin air. Jay Powell just needs to perservier and continue to buck the buffoon to protect the economy. Courts need to bring the hammer down on Trump. SCOTUS has said the Fed position is off limits.
Dint worry tax cuts will push growth to 9%
🤣😂🤣😂🤣😂🤣😂🤑🤑🤑🤑🤑🤑🤑🤑
Republican voters are noticing too.
Yea where his numbers are still in the 30 let’s get them to zero
ROFL Yes the markets Have Risen!!
Somebody didn't read the article.
Wall Street is worried about US Treasury Bonds. What happens when these bonds are of no value to foreign governments? 5 countries hold about $3.3 trillion in US Treasurys, roughly 40% of all foreign-owned assets. That's 3.3 trillion and now 3 trillion more. Japan China UK are the top 3 countries
fiscal trajectory blown wildly out of control ... get past the political mumbo jumbo bullshit and it translates to - 'We the people' are truly screwed sideways and there is NO hope for any relief ... 🤨
It's almost as if they *gasp* aren't conservatives! Eat the goddamned rich. Devour every billionaire whole. Disgusting parasites, the lot.
The US is basically sitting on a debt bomb and nobody knows when it goes off. The markets are right to be pessimistic about a potential default.
Here’s one amazing secret trick that will solve the national debt problem: Quit selling interest bearing bonds.
The bill that made the rich richer can only be mitigated by taxing the rich. Like that’s going to happen 😆
No surprise there. The GOP has also blown past all constitutional, legal, moral, ethical, and democratic standards that once defined America. The GOP destroyed our country. America will never be the same. The whole world sees this even if America refuses to acknowledge it.
“The Republicans blew past …” Fixed it for you. It’s time for news organizations, punditry, and historians to stop using GOP when referring to Republicans. #StopUsingGOP
"What, me worry?" - The GOP Congress
frankly Moody should lower the US credit rating even further, America is now truly fucked, Trump will bankrupt the country. Judging by his past business dealings, bankruptcy is something that he is very good at, he should write a new book and call it, "Art of Bankrupting America".
When will the insanity be stopped?
Bond holders should demand vey high interest rates for the United States Treasury Notes.
Stop referring to them as the GOP. This Party of American fascists needs to be called what it is. They have emancipated themselves from any association to the politics of Abraham Lincoln.
Historically speaking, that was already done, as of Nixon, Goldwater, and the Southern Strategy.
This is certainly the nakedest betrayal of the American people by our government in my lifetime. Nixon was a crook, despite his protestations. But he at least knew the Presidency would be harmed (worse) and resigned. Trump is dragging all of us through the mud, looking like more rankled q-daily
That’s the plan. Collapse then over throw.
Both sides bullship from politico.
American government, while still needing much improvement, has run so well under Democrats that even the people who rely on it most don't think they use or need it at all. Like fish who despise water, they hate government assistance.
If China and Japan start dumping our bonds, the US economy will go to hell in a New York minute. Those big tax cuts for the wealthy will be worthless because our money will be worthless also.
All part of Cods great plan... NOT a typo.
The beginning of the end.
#voteouttheGOP #indictmiller #indictvought #impeachtrump
They couldn't give a fuck; they just want to spend every dollar, dime, nickel and cent on not-very-secret police and and double down on the tyrannical regime they're running.
This talk about fiscal hawks is like talking about unicorns - they don’t exist except as fairy tales. Republicans should be called what they truly are - Trump Whores.
Either party? Fucking hell, Politico, are you serious with this shit?
But the markets keep rising. Wall St seems to love this. The NASDAQ just hit a record high yesterday
This is so depressing. There's tons to be pissed about in this bill. The one item that is just making my stomach hurt is knowing I can't claim the interest of student loan as a tax deduction anymore. So my taxes just went up $1200 a year. Plus the damn tariffs. I voted for HER!!
And add tariffs to that. We are, as a whole, fucked. Good one maga idiots.
Not just EVs! All green energy incentives, GONE
Anything that might possibly have halted, slowed, or even researched climate change, GONE.
Reagan andTip ONeil had dinner together,In 8/74 Goldwater went to the WH to tell Nixon to go.MCcain scolded a woman who was going to try to insult Obama.WhenMcCain died so did his pary.NOW King Trump and his court jesters.Our CONSTITUTION is eroding. It's CON going; STIT; going;UTION; GONE! SAVE IT
The Tyrant fears the Jester’s laugh more than the Assassin’s bullet. —Robert Heinlein So let’s keep laughing at the Tyrant!
Thank you stay safe
Oh so that's why Elon Musk is mad. Because of the cut on tax benefits for electric vehicle purchases and a hike in the cost of electricity.
Donnie gained Elon's support during the election by promising that all new government EV contracts would be awarded to Tesla. He failed to tell Elon he was already planning to cancel all the new government EV contracts though.
As much as I hate elonz he actually has surpringly not mentioned ev credits. I truly think his feelings are just that hurt by the Trump admin not codifying any of his (horrendous) cuts, and that he's stupid enough to believe they helped people and saved money
I mean I'm sure the ev credits doesn't help, but I think his pettiness outweighs his greed this time
I think these people try (and often fail) to not tip theory hand too much. They want people to think they care about them ans this is all for the American people, when really it's for themselves. The symptoms matter more than the diagnoses, so I won't wait for them to tell me the truth.
See that's the interesting part, I still think it's for himself. It's just that he thinks he's smart enough to save America money, and wants to be praised for it. Not because he wants to help people, god no. Just because he wants people to think he has
He wants money. Plain and simple. He's mad because this takes money from him. Plain and simple. Praise? Sure. Money? Definitely.
Cruel
Billionaire: Peter, my good fellow, from my end of the political spectrum the bill looks perfectly fine
This is the most reckless and irresponsible piece of legislation that has ever been passed by Congress is US history. The ramifications of this will be felt for generations and have devastating consequences for this country and the planet. We have officially become the evil empire of the world.
I hate Wall Street. It’s all a scam. people getting rich off other people’s suffering and struggles. Other people losing everything in the hopes of doing more than just surviving day to day. it’s a toxic system.
Are y'all just being disingenuous? Or are you deliberately ignoring how well the economy was doing under Biden?
What’s with these comments? The headline is clearly stating how the GOP is currently hurting the economy.
Did you miss this part? Gotta read the whole headline: “… if either party is capable of improving the nation's fiscal trajectory.”
No, but I also don’t have the memory of a goldfish and I’ve watched both parties balloon the budget deficit over the last 25 years. Tell me, what was the last year we had a surplus?
Under Clinton. He passed on a surplus, which GW Bush blew.
Correct. Almost 3 decades ago. Republicans as a whole have atrocious fiscal management plans, but Democrats aren’t doing much better. Follow the money, especially after 2010.
Biden’s admin avoided an “inevitable” recession & had an economy that was the envy of the planet. Democrats do much much better at improving the economy.
I’m not arguing “both sides”. Dem fiscal management is sig. better. It’s still not good, and it’s certainly not ideal. Our budgets are obscenely bloated and it’s really just a nonstop wealth transfer from taxpayers to a handful of corporations and their subsidiaries. Dems are complicit in this.
We do need (if we can defeat fascism) a good government push. Taxing wealth & getting money out of politics would go a long way. And let’s block felons from running for President.
Our free and equal nominating process is looking to do just that— eliminate the influence of donors in Congressional races.
Agreed, 100%. A lot of these ancient ghouls need voted out and replaced with people who aren’t firmly entrenched in corporate donor money.
Democrats decrease the deficit & the National Debt. Republicans never do! But spend Big for Billionaires tax cuts increasing the Deficit & National Debt. That’s why it’s eye rolling time when Magas have tizzy fits about the Debt - while continuing to vote Republican.
No argument about why republican debt hand wringing is worthy of rolling eyes, but a couple things to consider: the national debt to GDP ratio has been above 77% since 2009 and grown steadily, and we haven’t had a surplus budget since Bush squandered it. Dems being marginally better isn’t enough.
it was going well dummy you can live in your fantasy world but the bond market doesn't give a shit about your fantasy and neither do exchange rates all they care about is how risky/stable is your economy
Da fuq?
America’s economy is…. “The Envy of the World” —WSJ, Economist, others April 2024 - I/20/25
Welp, *some* markets.
Ikr? Q’s and SPY be like, idgaf
Democrats are capable of it. They at least will adjust taxes, unlike the party that has spent 4 decades now slashing them.
"either party" Please learn to read a graph, and learn which numbers are larger than other numbers. Or, better yet, go fuck yourselves sideways.
The national debt is $36.6 trillion. Depending on which estimate you choose, the Republican budget is projected to increase the national debt by between $3 trillion to $4 trillion over 10 years. That means that the interest on the debt will grow significantly, putting pressure on other budget areas.
And since the US lost it's AAA rating, any new loans will have a considerably worse rates, accelerating the problem.
Excellent point
FUCK YOU AND "EITHER PARTY" RIGHT UP THE ASS.
Watch bond & treasury yields. When yields go too high*, shyte is 'bout to happen. * "too high" is north of 5% yield. That's when I buy.
Either party? The GOP is in charge of all three branches of government. And it's the GOP that keeps adding trillions of dollars to the national debt handing out tax cuts to their donors. GTFOH with that both sides bullshit.
LETS ORGANIZE STUFF 1st up lets Fix the messaging Vehicle Butterfly Cant communicate to everyone if they don't know BUTTERFLY or "bluesky social" exists I have no idea why I do this “The butterfly effect reminds us that even our smallest actions have the potential to create change" Re post if u care
Because it's not about debt or pay or people. It's about politicians doing what their owners say to do and pass the policies they paid for.
The GOP didn’t care
Hey did you motherfuckers pray for trump to get elected? Fuck off!
lol
Many of the spending cuts were not allowed into the bill. The House has already passed a bill for the spending cuts and the Senate is taking it up now. Democrats are, of course throwing a fit and threatening to shut down the government if it is passed.
Sick of hearing “if either party” crap. The Dems have repeatedly saved America from recessionary crashes for a freaking century. Only thing Republicans can grow is debt and prisons.
This is not a both sides issue,... Even while the Repubs keep blaming the Dems,... Who currently have no power!!! (And didn't vote for that crappy bill.)
The markets are at all-time highs. This is what I’m having a hard time understanding. Democrat operatives are telling me that all signs of the economy are bad, but people still keep investing in the US. I’m not trusting Democrat operatives. Like the ones that said, Kamala would win in a landslide.
Politico parroting the talking point that the problem is we spend too much. Problem is never ever "rich pay too little in taxes." Nope, it's always "Average Americans get too much help from the government."
The FED had to step in. When you have to buy your own debt back, you got serious problems. Your fluff article never even mentions this.
does it matter ,it`s a fiat currency
Oh ok since it's valueless, you can send me your bank account login info.
duh. i don`t have a $ tree like the fed. think much
Investors have stopped buying US debt. Dollar in free fall.
Either party? Fuck right off with that bullshit.
Exactly!!!!!!! They can go straight to hell.
Even wall street knows the debt talk is a BS distraction.
The US dollar is the world currency only inflation can stifle it.
What’s this “either party” horseshit ? They fuck up and it’s still bad for both parties.
2022: "Politico Owner Asked Execs to Pray for Trump’s Reelection: Report" www.rollingstone.com/politics/pol... youtu.be/d-P2qsYGrCU?...
Republicans controlled the federal government in 2017 and 2018, their make oligarchs wealthier law was projected to increase the deficit and it did. Politico wants to both sides it. "The U.S. deficit hit $984 billion in 2019, soaring during Trump era" www.washingtonpost.com/business/201...
www.theguardian.com/us-news/2024...
www.politifact.com/factchecks/2...
The GOP doesn't care about the taxpayers, they're actions prove it.
Well let’s vote them out and stop believing in them
They only care about the deficit when bills helping working people are passed, and when environmental laws are passed. When millionaires and billionaires get huuuge tax breaks, they suddenly don't care about deficits...
"either party"? 🤡🤡🤡
This is trumps economy now. He has a knack for always destroying anything he touches. His WHIMS will kill us in the end. Those of us who are not rich and fucking assholes.
Either party? Look back in the not very distant past and you will see things pretty much shaping up until January. Not perfect, but a damn sure better than it is currently.
and how is the beloved dollar doing? what are we going to do when the world BRICS decided to De-dollar the global economy? bankrupted casinos - that is gov't controlled rigged industry - ohhhh wtf why is murikkkka so stupid????
During the first Trump administration, the GOP added 7.8 trillion to the debt. During the second term 3.4+ more. Of the total 36 trillion in US debt, 11+ trillion was added by the GOP during Trump terms. If they ever mentioned that that just laugh at them and walk away, they're not serious
The GOP recognizes that the empire is crashing, and they want to cash in while they still can. They're picking the carcass and to hell with the rest of us.
Ding ding ding
Republicans Fucked Around, They're going to Find Out!
Nope. They have not. The VIX is under 16. Markets are at all-time highs.
Rates have actually crept back down. The 10-year is well off the highs of late 2023 when Republicans told us the world was coming to an end.
Neither Rs nor Ds are interested in reducing the budget deficit or the National Debt via realistic means. One laughable comments in the article is that "Khanna predicted that serious deficit reduction would most likely occur under a Democratic trifecta rather than as part of a bipartisan effort."
We also need to substantially increase the age at which federal employees can retire to at least 25 years of service, probably 30 years of service.
And reversing the recent absurd increase in funding for ICE would be another step in the right direction. But further cuts will still be necessary. We likely need to increase taxes on upper income Americans, and to slightly increase the age at which individuals can start collecting Medicare.
Reversing the recent reconciliation bill's permanent extension of lower tax rates for the top 5% of taxpayers would be a good start, but isn't sufficient. Another round of base closings would also help, as would repealing the yet to be implemented provisions reducing taxation of tips and overtime.
Maybe the markets would remember that this happens every time Republicans are given the power of the purse if there was some sort of journalism happening at Politico. Knock knock, anyone home? All on your knees in prayer for Trump's triumphant new Reich like your owner requests?
More importantly the BOND Markets are noticing.
Is the American way ! However, there is a difference this time. America already up to its neck. Trump attempting to stand over and blackmail. Trump, a six time bankrupt and not the sharpest tool. Canada, the EU and, China HOLD THE US TREASURY BOND cards ! ! Soon, no US reserve currency, good night
how can anyone defend this
You "both sides" this. FUCK YOU!
It's classic too because the Republican voters have been historically against the deficit yet they always vote for the people who sink it.
It's almost like they treat politics like sports, in which their team always has to win no matter what (even to their detriment).
What are you talking about?
Read the Politico story...
Easy solution sitting, idly waiting, bidding “its” time. Tax the Rich! Tax the Wealthy!
If you take a dispassionate view of all this, you can simply draw the conclusion that they are intending on borrowing money at great expense to the American public, to give the billionaires that money Let that sink in Who pays that interest? US taxpayers It’s really that simple folks
If Wall Street cares to know what us commoners think, feel and know: Yes, Democrats know not only how to improve the trajectory of the economy, but have also steered it onto a path of stability and unexpected growth. While the other party has proved that it can only wreck and devastate the economy.
Is that why GDP has gone up?
It's almost like they never really believed in anything. Imagine my surprise 😑
"Market watchers wonder if either party is capable of improving the national fiscal trajectory"? What, were all of these "market watchers" born after 2008, perhaps, so young they know nothing of the history of the US Economy & vast majority of the Debt taken on by REPUBLICANS in Congress & POTUS?
It's not exactly some "hidden truth" that after Bill Clinton (D) Barack Obama (D) Joe Biden (D) the economy was UP, unemployment & inflation were DOWN. The polar opposite of post-GOP presidencies & Majority Congresses. RED INK as far as the eye can see, every damned time, since Reagan.
Dump their stocks
They will blame the scapegoat
Ever been lied to? Yes.
If you were a mid to long term investor, how could you not be exploring ways to betray against the American economy. We are run by idiots and all of the market predictions dont take into account our political situation continues to get worse.
🥰🥰🥰💕
The rich are planning an "Argentina" on us --- aren't they? The rich there ran up the bills, bankrupted the country, then withdrew money and left --- under the protection of the army.
they changed from 'grand old party' to 'git odd party'. thanks donny. btw. the roots for it were always there.
Japan has threatened to make the US default if Trump tries to extort them. They hold a massive number of US Treasury bonds and can call in the debt any time they want. I wonder how many US firms, you know like $4 trillion dollar companies, that would bankrupt if he doesn't back down?
You think the US cares? They would default and dare Japan to do something about it. That's how thugs and criminals extort. Every deal is extortion.
They would care because the thugs would lose money. The US defaulting would drive more foreign money and investments out of it. Greedy capitalists can't get rich without that money.
There are at least six ways to defeat their zero sum games. Japan, at least knows one. You can continue to be extorted or you can buy my book on strategy next year ... but of course you know all the ways & are just giving them enough rope ... to hang all of you ...
YEAH, sure, OK, uh-huh, of course. ALL US markets were UP yesterday, 1/2% to 1%.
🐀
Canada and others like Japan. China, EU selling Treasurary Bonds devaluing US dollar. Trump is tantruming US into a recession. GOP this is on you.
Blaming the democrats for fiscal irresponsibility is peak both siding a topic. But when you right from a right wing bias, it's all you got.
You know, some of this is the electorate and not Congress. Can’t you writers see this? Younger generations after GenX do not care as much about money. More people are being laid off and downsized. More younger folks are not looking for work in a job market that only rewards the most competitive.
You suggest that the experts were warning what the BBB would do to the market and you said the market noticed. Near as I can tell, the market didn’t react in the least to this economy killing bill
We the People are in need of, & are in search of a few fed up pissed off ready to take action & "live free or die" type of patriotic Americans.
newsmax addicted mush brain magats have not.
TAX THE RICH ALREADY