Does the United States have a spending problem? Obviously, but I really wanted to talk about how the cost of living crisis is presenting itself in your community. That relates to this article because you can’t squeeze blood from a stone. If all of you have no disposable income, no savings, and a job market that can’t support your current cost of living… What happens if you lose your job? Do you default on loan obligations along with America because we are stretched to the edge. Should we vote in members of congress to pass more tax breaks for private jets?Are mods whack? Let me know in the comments.
Caaaaaaaarrrrrl
Ahahahahahahah what a stupid, galactically, generationally incompetent country of clowns.
Until recently I had hope that the boomers would take their bs to the grave but ya seems to be generational at this point 😭
Boomers? Fuck them. Both Bill Clinton and Donald Trump were born in 1946. WTF is this gerontocracy BS?? That is craaazy.
Bro I got 2x 80 year old ladies running uncontested for my state senate seat. Plz make it stop.
they are probably using these for research at the Treasury.
WE. DECLARE. BANKRUPTCY.
“defense”
They took the mask off it’s for WAR now
Seems like the US consumer is stuck between a government with drunk spending, and a ton of debt. Next to a corporation who’s squeezed every last penny out of people between wages and costs of goods and services. If GDP is to increase enough to pay off the debt, how does that happen? The only GDP growth comes from sucking up wages and monopolizing, and good old government spending.
They haven’t even come close to squeezing every penny out of ya all, lol. Most Americans would shit their fucking pants if they saw what shit cost in Canada. Criminally over taxed and everything owned by monopolies that set the price…amd the price ain’t low 😒
It’s a K shaped us economy with 20% of the people propping up spending, they never seem to run out of money.
We’re almost there! Took longer for private equity to buy up all the small businesses, but we’ve got little town cartels for basic services now too. A guy quoted me $50,000 to replace my siding on 3 sides of the house
the US consumer is stuck between a government with drunk spending, and a ton of debt
don’t forget… bilionaires play for free.
Even better, they get paid to play!
Large growth between 21-24 then linear growth after that.
I wonder why the projections are that way.
Well because as of now, we’ve got all our future debt spending planned out! It projects easily. Until the next fiasco where they have to print more money.
Just wait until people stop lending money to the US.
that’s the day when they stop trading with us, and mango seems to be working hard on bringing that day.
So does the national debt matter or does it not?
Ask this lady…
Foreigners often visited Germany, to buy up cool stuff like grand pianos and awesome food spreads, all for a pittance with foreign currency.
Some perverse part of me, kinda hopes that my Euros will let me rise above a lifetime of poverty.
Kind of. The US won’t collapse due to its debt, but the dollar will be devalued as money is being printed to pay it back.
This is why Democrats love deficit spending. They get to obscure the true cost of social welfare programs and ensure that workers foot the bill instead of the people making everything so expensive.
Democrats love deficit spending, which is why Republicans historically are the ones that increase the deficit more.
Democrats are the lesser evil.
That doesn’t make them good.
Not sure what bearing that has on my statement.
Sure, let me clarify.
You said “democrats love deficit spending,” and then proceeded to go on about how Republicans have historically raised the deficit more than Democrats. This means your argument is (even if you’re afraid to admit it) that Republicans are worse than the Democrats for the deficit. And I agree with you! They are worse!
It’s so easy to criticize Republicans, but it’s hard to criticize Democrats and they take advantage of it as much as they can.
Democrats use deficit spending as a shield to the true cost of social welfare programs. We need these programs, otherwise people would recognize how much they’re being fucked and revolt against the system taking them for a ride. Democrats can’t have this, so they nominate wet noodles like Clinton and Biden over Sanders.
It’s disgusting, despicable, and needs to fucking end. It won’t end until people stop being proudly stupid.
Daddy Trump’s boot must be so tasty.
Yeah, everyone who holds Democrats accountable must be a Republican.
The last I checked its the Republicans who run the debt up all the time.
https://www.investopedia.com/us-national-debt-by-year-7499291
Have a look at the '80s and '90s.
Republicans are worse, and Democrats use them as an excuse not to do better.
Bullshit.
Im by no means a supporter of any American political party but what you are saying is bullshit.
Why?
Lots of things about American political discourse are infuriating, but this is def one of the worst. Republic administrations are so much worse for inflation that it’s almost laughable to see this opinion shared around. Kind of wild how politics is all vibes and memes I guess.
I am out of work but old. I have savings that has gotten me by but it will run out. As incredibly bad and stupid as it would be I kinda hope trump does something to allow people to pull from retirement accounts before retirement without getting fees. Its the kind of relief he would do where it helps for the short term and completely fucks you for the long. When it comes to a roof over you head having it today is more useful than ten years from now. It will let some skate for awhile. Maybe I can get a 40 year mortgage.
Hopefully the social security kicks in soon, or you’re not that old! If you’re looking to buy a house I think there are some tax loopholes for using retirement savings. I’m sure trump and his cronies would also love to relieve you of your retirement in some diabolical way. So I’m guessing your job market is fucked too?
yeah and unfortunately im not that old. just into my 50’s so to far from retirement but definately a minus when job hunting along with being unemployed for over a year now. its like two strikes. I mean they won’t say that outright. honestly like anything when you look at how fucked so many people are I know im not getting the worst of it.
Yea I’ve been out of work almost 3 years now. I’ve been taking seasonal jobs and burning through savings. I’ve seen a total of 3 jobs I really wanted in that time. I’ve tried to sell myself at under asking price. It’s ugly out there and if it goes on for a few more years it’s destroying my chances of retiring.
The hardest part is once upon a time I made incredible money. I’ll probably never get to enjoy that lifestyle again. I got kicked off the damn ladder and found the thing fully pulled up. I’m younger than you but man the years go by fast when society has forsaken your skills.
you sound like me. I did well but I was single income with a sick wife so needed it. I to am picking up work as I can. I mean I have seen many more jobs I would want but nothing ultimately goes through. 3rd shift weekend in office falls through. I have put in for a variety of jobs outside my field that don’t pay much and don’t have many requirements and never hear back. Im not sure if they figure I will not hang around or if the whole age and long term unemployment are just too big of strikes. If I could have insurance without it sucking up time to maintain and did not cost me anything I could likely float us with pick up work but unfortunately filling out forms and calling offices and such along with interviews or such limits my ability to go full force on it.
I’ve done a lot of 4 part interviews and personality testing, weird competence tests, pretty much anything asked. I’m starting to suspect that the recruiters don’t look at those either. Most of the jobs I see are just sales jobs for robbing rich boomers. I think that’s what bothers me the most. The best jobs are scams, it’s a scam economy. Want to make more than a doctor? Just sell 50,000 siding jobs!
I mean im mostly looking in IT, so competency tests are not untward and usually if I go the distance at least 3 interviews, but it does feel often like they just don’t want to commit. I can say that winter of 24/25 were everything seemed to stall when I did recived replies it was often they are not moving forward whereas I identify stuff moving somewhere after spring 25 because I would get some that they went with someone else. I think this where I really got screwed. Being let go a month and a half before the election is what pushed me to over a year not working and now its a black eye along with my age. That being said the whole field seems to have gotten wierd with ai and purple squirrel type of thing. It reminded me a bit of around 2000 where adverts are asking for a set of requirements that are or virtually are impossible to fullfill. Again I feel its gotten a bit better but kinda anemic. Like they realize they need people but just don’t want to commit funds and are super easy to pull back. So I can say that before companies I worked at were pretty much identifying their budget for the fiscal year and committing to it before the year started. I feel now they are not deciding their budget till the first month of the fiscal year and are now very tentative about everything they do.
I’m looking at sales jobs with proficiency and personality tests. Usually in between multiple interviews. The analyst jobs make sense but a 45 minute test with a pass and no interview is also insane. I’ve had a lot of job offers with unpaid training or paybacks or just about any predatory practice they can imagine.
I tried doing Customer service thinking it would be easy and I swear to god that phone rang every second I was logged in. Endless emails and teams messages from corporate simultaneously. $16 an hour and I got 2 higher ups paid to listen to my calls, and the machine made sure I never had a chance to breathe during 10 hour shifts. Oh and 10-50 hours a week with no say in the schedule. So some weeks I was bringing home $90. Hour long commutes and $17 an hour economy. I moved $300k in merch for them and was paid less than $3k. Between that and the multiple layers of supervision that don’t offer support, I assume they could raise my wage by 25% without cutting into their insane profits. That is my state’s biggest employer $1 billion revenue business.
Anyway I’m broadly moving around multiple industries and it’s all the same practices and it’s all a joke.
If nobody will hire you, then hire yourself. It has never been easier to start your own business, and make it pay. The Internet makes it almost free to start. You may not become wealthy, but it can still generate steady revenue.
In America your business either gets big enough to get purchased by private equity, or small enough to crushed. How am I going to start a business in a state with no jobs, who are my customers ya know?
I’ve managed to keep my one man operation going for 18 years, and I’m not quitting any time soon. I know lots of other people with small companies like mine.
I guarantee that there are lots of small businesses where you are, even if you think there are “no jobs.” That’s kind of my point - If there are no jobs for you, create your own.
Stop blaming others, circumstances, the economy, etc. Nobody is stopping you but you.
Yea im working on that too, but businesses don’t turn profit over night, they take investment money, it’s risking your savings. Some of us came from business, and we got wiped out competing with private equity running their shop at a loss.
Not all businesses require investment money. Every business I had started with nearly nothing. My first business started with a legal, pad, a pen, a phone, and a list of potential clients, and a lot of cold calling. When you don’t have money to invest, you tend to have to substitute your own sweat and determination.
It means that your new business might not be in the field you want, or be as big as you want, etc. You may have to start with a smaller concept, and evolve into a bigger one. The guy who started Chipotle wanted to start a high-class restaurant, but couldn’t afford it, so he started a small burrito stand to make the money for the fancy restaurant, and it became such a hit, he never started his fancy restaurant.
Your goal should be success, not the field. I started off in the music biz, but that collapsed, and I eventually ended up in a business that I never thought I’d be in.
It’s hard for people to drop the expectations they’ve been carrying their entire lives, and view their career path in a different way. Use your imagination, work as hard for yourself as you would for any other employer, and you’ll do well.
that is so ridulous. taking time away from job searching to what. make youtube videos? yeah just go star a business that makes more than it costs to a level that its a long term option. or maybe just learn to code or any of the other inane offhand, low effort advice people like to give. I mean I assume your motivated from the best of intent but go start your own business is so. ugh.
How is it ridiculous? MANY people are self-employed. Sure, there’s daily stress, but I was under daily stress in my corporate life, too. At least my future and my fate is in MY own hands, and not being decided by the whims of some Sociopathic corporation that despises me, and is constantly looking for ANY excuse to replace me with anything cheaper.
Besides, I can’t think of ANYTHING more stressful than long-term unemployment. If I’ve been applying for jobs for months, with no response, I would try a different strategy. What have you got to lose?
And even if you do find a job, having a side hustle that actually makes money keeps your employer from being able to exploit you too badly, because you know that you aren’t 100% reliant on their Sociopathic policies.
But if you don’t get it, that’s okay. Not everybody can be a business owner, which is a LOT different from just being a boss. We need workers, too, and some people can’t see themselves as anything but an employee.
Its almost like this Trump chap doesn’t pay any attention to due debts.
I really really truly hope before he dies we do find out just how absurdly dumb he is. I know he’s a celebrity and a presidentnd therefore no one ever challenges him on anything, but imagine 2 hours of Donald Trump being asked things like: where is Iran on the map. Name 3 people in the bible. Name 4 planets in our solar system. What is 17x3. It would be so fucking funny to me to see just what kind of braindead ghoul they made their leader.
They are going to tie the national debt into crypto and sink it.
I’ve got my eyes on that possibility as well. Although right now im kinda thinking they just dump crypto because they couldn’t sell the dream fast enough. Crypto might just be used to grift the crypto investors and not the entire globe. Time will tell.
Mods don’t want us discussing what our back up plans are for job loss. But if you lost your job today, what job would you apply to on indeed, and would there be enough money from that job to pay your current bills? Do you think there is security in your job market if you lose your job?
Mods also don’t want us talking about assassinating the entire Trump administration
Lmao is that what got removed from my last post? Im trying to gauge sentiment here and this is a reading.
If you’re talking about your “Vote like you will be competing against me for $16 an hour jobs.” post getting removed, it’s because this community only allows links to articles. It’s the first rule listed. If you want to self-post try something like [email protected] instead. You can check the modlog for moderation actions taken on comments and posts btw (on the webui there’s a link at the bottom of the page)
fair enough. I’d argue that news articles really fail to capture some of the real politics and worthwhile discussions. There’s a reason why the rightwing media bought up all the local news agencies.
I don’t know about your post history. But the mods on .world are very pro-government.
I mean im pro government too. Order is one of the bonuses of living in a society.
So, which government do you like?
I sure do enjoy a democracy even if I have to vote with glass lickers.
So do you want to answer the question or just avoid it? Specifically, which government do you simp for…. Like the mods…
So do you like the genocide party or the genocide+ party?
So stop issuing bonds. They’re unnecessary in a fiat currency.
Totally necessary when you need to finance 10 Trillion dollars in tax cuts for the rich over 10 years. They also bolster international trade so it’s not all bad. Issuing bonds for infrastructure with built in returns for example good use of leverage and tax payer dollars.
I assume the first sentence is a joke.
Don’t know how they bolster international trade. If anything, they inhibit it as China parks its trillions of dollars in treasuries to artificially inflate the value of the dollar to make their exports more competitive and the US’s less.
The federal government doesn’t need bonds to fund infrastructure. It issues the currency. We don’t need to get a loan in a currency we issue.
I wish it was a joke, they just did that with the Big beautiful bill last year. It’s not an ideal way to use them and probably should be banned.
Japan/china hold US bonds because its makes for easy trading, it stabilizes the currency exchange market and allows for large payments to be made without much fuss. The only reason why they want our bonds is because we trade so much. chinas mechanism of controlling the exchange rate is the same as the US, we both like to just print more money. National bank buys bonds to stabilize market. anyway most of the time the bonds are held to avoid exchange rates. They themselves becoming a medium of trade like cash between nations.
Of course we don’t need to issue bonds at all for funding, again they are just a useful tool for global investing and trade. They get abused and extorted like any other financial market. christ imagine if we were using silver as a medium of exchange. their not really something I’d spend much effort defending politically, but economically idk I invest in them. They were kinda nice back when the federal government functioned
Other states have been dumping bonds at unprecedented levels and investing in BRICS.
Okay. And?
China was among them.
China is investing in China?
And?
You want the government to stop issuing bonds. If states are dumping them, there’s an inference there, somewhere.
I don’t really care about the national debt. The OP is worried about national debt. One way to fix that (if it bothers you) is to stop issuing debt. As bonds mature and aren’t replaced, no more debt.
What does it matter if “states” are dumping bonds? Who does it hurt if they sell bonds at a loss? Or a profit? What’s the inference?
No im concerned that we came together and made a budget that’s like 20% military 20% interest 40% boomer care and 20% rich people hand outs. Are we dumb?
If the USA can’t pay it’s debts, we can’t trade. Everyone should care about the national debt. It’s not coming out of the billionaires’ bank accounts, and multinational corporations will simply do business elsewhere. We don’t have the infrastructure to produce internally, and if our credit score degrades enough, we won’t be able to build it, either.
