National Debt
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Why Million Dollar Homes Got A Tax Break
CNBC· 2025-09-05 16:00
Property taxes are on the rise in many parts of the United States. They're up 23% nationwide from 2019 to 2023. It's a huge issue in areas with high real estate values, particularly those near major cities.This was not just the big bad blue states like New York and California and New Jersey states like Florida. States like Texas will realize this applies to them, too. Congress's new tax and spending bill tackles this problem head on an increased deduction for state and local taxes.The tax break is expected ...
X @Elon Musk
Elon Musk· 2025-09-02 13:23
RT Brett Pike (@ClassicLearner)Why is it that when schools teach about Andrew Jackson you only hear about the trail of tears?Why aren’t students taught that he took on the banks? That he was one of the most popular presidents in American history? That he was the only president in American history to fully pay off the national debt?There has been an insidious agenda to turn Americans against our roots. It’s time we take our history back. ...
X @Bloomberg
Bloomberg· 2025-08-28 15:56
UK Economic Challenges - The UK is grappling with high national debt [1] - The UK is facing a lack of political authority [1] Potential Risks - The high national debt and lack of political authority could exacerbate each other [1]
X @Crypto Rover
Crypto Rover· 2025-08-27 15:05
Market Performance - S&P 500: Reached an all-time high [1] - NASDAQ: Reached an all-time high [1] - Bitcoin: Reached an all-time high [1] - Real estate: Reached an all-time high [1] - Gold: Reached an all-time high [1] Macroeconomic Indicators - Money Supply: Reached an all-time high [1] - National Debt: Reached an all-time high [1] Monetary Policy - Federal Reserve: Considering cutting interest rates next month [1] - Concern: Whether the Fed's potential rate cut might overstimulate the economy [1]
X @Crypto Rover
Crypto Rover· 2025-08-25 14:03
The 🇺🇸 FED is set to cut rates soon.US money supply and national debt are at all-time highs.The flywheel is about to accelerate.Capital will flood into assets like Bitcoin. https://t.co/ibkYJKJA5S ...
X @Joe Consorti ⚡️
Joe Consorti ⚡️· 2025-08-22 15:45
Monetary Policy - The Federal Reserve has abandoned its 2% inflation target in favor of "flexible inflation targeting" [1] - Low interest rates are now primarily used to manage the national debt [2] - Fiscal dominance is now the prevailing economic condition [3]
Democrats are getting a MAGA-like makeover to take on Trump: Axios
MSNBC· 2025-08-20 11:32
Political Landscape & Strategy - The Democratic party is seeing momentum in its progressive wing, potentially problematic in off-year elections as it may not align with the majority of the country [1] - Democrats are encouraged to exploit the Republican Congress passing large spending bills with tax cuts for billionaires and multinational corporations, framing it as a conservative, centrist, liberal, and progressive issue [6] - Some Democrats are adopting Trumpian tactics, but this style may not be universally effective and could backfire [11][12] - Message matters, but the messenger is also important; charismatic progressive politicians are breaking through [9] - Traditional political labels may be losing their relevance, and progressives are connecting with voters not typically considered progressive [10] Economic Concerns & Impact - Redistricting could allow Republicans to gain 5 to 10 seats, which is deeply meaningful [1] - Inflation is a major concern; if tariffs are passed on to consumers in home goods, groceries, and autos, it will be problematic for the Republican party [1] - The rich are getting richer, while the poor are not, and the tax bill favors the wealthy [16][17] - The growth in portfolios is primarily benefiting big tech companies, further enriching those who are already wealthy [17][18] - The national debt is projected to increase by $20 trillion over the next decade, five times the $4 trillion accumulated in the first 220 years of the republic [23]
X @Bitcoin Archive
Bitcoin Archive· 2025-08-19 12:19
Government Policy & Debt Management - U S Treasury Secretary Bessent states the U S will use tariff revenue to pay down debt [1] - The U S national debt is $37 trillion [1] Alternative Investment Suggestion - Suggestion to use the tariff revenue to buy Bitcoin instead of paying down debt [1]
Working class will become 'poorer' due to Trump's 'big, beautiful bill': Dem lawmaker
MSNBC· 2025-08-11 19:56
Policy Impact - The Congressional Budget Office (CBO) estimates the law will add trillions more to the deficit and national debt [5] - The law is described as the largest transfer of wealth in American history, benefiting the top income earners while potentially making the bottom quarter of American households worse off [4][6] - Over 15 million Americans are expected to lose their healthcare coverage as a result of this legislation [10] - Cuts to Medicaid were delayed until December 2026, while cuts to Obamacare will begin in January [11][12] Economic Consequences - The law could lead to dramatic increases in insurance premiums for Americans who retain their health insurance [12] - Cuts to student loan repayment programs and nutrition assistance are anticipated [12] - Increased deficit and debt may make mortgages and auto loans more expensive [12] Political Implications - The law is described as unpopular, with polls suggesting most Americans believe it benefits the very rich [8] - The impact of the law could influence upcoming congressional elections [9][10] - Reversing the law would depend on the margins and control of the Senate for any Democratic Congress [14]
X @Bitcoin Magazine
Bitcoin Magazine· 2025-08-10 10:52
🇺🇸 US National Debt is now over $37 TRILLIONOpt out with #Bitcoin https://t.co/5tOFA1ewO8 ...