Debt spending is not inherently harmful for nations; whether borrowing is wise depends on how borrowed funds are used. The last time U.S. national debt exceeded GDP was during World War II, when borrowing helped defeat Nazi Germany and imperialist Japan. Today, debt has surpassed GDP again after eight decades, while major spending includes servicing the debt, a war against Iran that worsened the U.S. position, and large payments for Medicare and Social Security for Baby Boomers. Other costs cited include major White House demolition and replacement, corporate and wealthy tax cuts, and Homeland Security actions targeting left-leaning cities under immigration enforcement. The text also criticizes a Trump-related settlement involving an “Anti-Weaponization Fund” funded by taxpayers.
"For nations, debt spending is not necessarily a bad thing. Whether it is wise or foolhardy for a country to borrow money really depends on what it is being spent on. For example, the last time America's national debt exceeded America's gross domestic product was during World War II. I would say that it was worth going into debt to defeat the Nazis and to smash imperialist Japan."
"Today, as the national debt soared past GDP for the first time in eight decades, here are a few of the big things we are spending so much money on now: Servicing the debt; A pointless war against Iran that has put the U.S. in a far worse position than it was in before the war; Medicare and Social Security for Baby Boomers, the richest generation in the history of the world; Tearing down a third of the White House and replacing it with a gilded ballroom."
"Other than perhaps some of the Medicare and Social Security payments, these are not worthwhile things to go into debt for. They are still better than President Donald Trump's latest scheme to siphon away taxpayer dollars, however. Trump filed a frivolous lawsuit against the Internal Revenue Service, an agency he is ultimately in charge of. To settle his nonsensical lawsuit against himself, the Department of Justice, which he also runs, announced it is paying $1.776 billion of taxpayers' money into an "Anti-Weaponization Fund"."
"Yes, the guy who goaded his DOJ into prosecuting James Comey for posting a photo of seashells thinks it was the Biden administration that wrongly targeted people. it is hard to characterize this fund as anything other than outright theft. Trump supposedly can't receive money directly from the fund, but don't ex"
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