For Mike Johnson it was effectively a Day 1 priority.

It’s well past time, the newly elected House speaker said in October, to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt. “The consequences if we don’t act now are unbearable,” he said, echoing warnings from his predecessor and other House Republicans.

More than six months later, the proposal appears all but dead, extinguished by vocal opposition from both the right and the left.

The collapse underscores an unyielding dynamic in Washington, with lawmakers in both parties loath to consider the unpopular tradeoffs that would be necessary to stem the nation’s swelling tide of red ink — particularly in an election year. Facing the reality that any fiscal commission would almost certainly suggest that Americans pay more or get less from their government, lawmakers have time and again done what they do so well: punt the problem to the next Congress. And they seem poised to do so again.

  • originalucifer
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    425 months ago

    ha, wow. this really highlights how out of whack the conservatives are. the debt is usually the club they use to beat the dems into submission when they do not control the whitehouse. when conservatives have the white house, the debt is never, ever an issue.

    • @disguy_ovahea
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      45 months ago

      Trumplicans aren’t conservatives. There are a handful of traditional conservatives left in Congress, and they’ve been actively leaving due to the infighting of MAGA Republicans.

      • @MacAttak8
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        85 months ago

        This was happening way before MAGA.

        • @disguy_ovahea
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          25 months ago

          Conservatives comprised the majority of Republicans before 2016. Trump saw a rift in the party and tore it wide open.

          • @MacAttak8
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            45 months ago

            I do not disagree with what you’re saying.

            My point was that this hypocrisy about the national debt predates MAGA by like 40 years. I posted an article explaining it all. Two Santa Clause Theory.

            • @disguy_ovahea
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              5 months ago

              I was only commenting on your the use of the term conservatives in place of Republicans. They’re not synonymous anymore. I completely agree with your point about the hypocrisy.

              • @MacAttak8
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                25 months ago

                I see what you’re saying. For what it’s worth I never used either term. That was u/originallucifer.

                You have piqued my interest though. What would you consider Republicans if they aren’t conservatives? I consider them Far right conservatives. Radical conservatives if you will.

                • @disguy_ovahea
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                  5 months ago

                  They’re not fiscally conservative if they can’t balance a budget. Right wing or Republicans is what I use. I didn’t notice that you weren’t the initial commenter. Sorry about that. I corrected my mistake.

          • @njm1314
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            05 months ago

            Disagree completely. Trump conservatives are just your normal conservatives who aren’t afraid to say things out loud anymore.

            • @disguy_ovahea
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              15 months ago

              They’d have to demonstrate fiscal responsibility to be accurately labeled as conservatives.

              • @njm1314
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                05 months ago

                No they don’t. That’s always been a lie they tell.

  • Flying Squid
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    325 months ago

    Ah, the regular “America’s debt is $___” article, which never seems to make a difference in my life.

  • @Buffalox
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    5 months ago

    That’s a lot of money and the most in the world, but USA is also the worlds biggest economy. The better way to measure is by % of GDP, and when you look at it that way, USA is number 45, with 95% as of December. With a few countries with bigger debt percentage, that are considered very strong and healthy economies like for instance Norway and Denmark.

    https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

  • @seaQueue
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    215 months ago

    Funny how the national debt only ever comes up when Republicans want something

  • andyburke
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    185 months ago

    We keep lowering taxes on the wealthiest and then wondering why we can’t afford our budgets. How stupid are we? The national debt will get solved the moment we start making corporations and people earning 7 figures (US$) a year pay their fair share instead of spending it on megaprojects and megayachts.

  • @[email protected]
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    65 months ago

    Wow, who the hell cares? It’s literally made up money. I’ve watched the debt climb year after year, with zero impact to day to day life.

  • @[email protected]
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    5 months ago

    Well, if people don’t like inflation – a source of major popular complaint – paying down the national debt will tend to tamp down on it, I suppose.