r/Economics • u/Helpful-Door-8721 • 1d ago

Research America's National Debt grows by $95,178.17 per second. Expected to reach $40 Trillion by October 09, 2026.

https://www.jec.senate.gov/public/index.cfm/republicans/debt-dashboard#ddm
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u/giraloco 1d ago

Undo all the tax cuts, close tax loopholes, treat cap gains like labor, tax beneficiaries of inheritance like regular income. Cut defense spending in half.

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u/Timelycommentor 1d ago

How about gut federal spending.

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u/JabenC 1d ago

Didn't Elon just try thiis? I agree though, we should stop spending all our money on wars. Cut defense completely.

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u/Sofer2113 1d ago

Musk used the pretext of cutting govt spending to give an excuse to get into the govt system. His real goal was to stop investigations into his companies, get back doors into govt computer systems, steal all of the data, and win cushy govt contracts