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The national debt just crossed $40 trillion. When I entered Congress in 2011, it was $14 trillion—and we treated it like an emergency. We had a real chance to change the trajectory. I was there. I cast some of those votes. Including regrets. open.substack.com/pub/adamkinz...

open.substack.comThe $40 Trillion I Saw Coming...and Voted For AnywayA personal reflection on the chance Congress had to tackle the debt crisis, how we blew it, and what I would have done differently.

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Could we go back to that? When I never had to worry that our leaders were hell bent on destroying America? When things were affordable and people were kind to each other? When we didn’t have masked men terrorizing our fellow Americans? When the president wasn’t a convicted felon robbing us blind?

5 trillion in corporate and oligarchy taxes over 8 years while placing all bond sales on hold . Is easy. So are social equity programs to insure health care for all, housing for all. Education for all and ending voters suppression. This is democracy not socialism.

Just print more cash and stop selling bonds to people who don't pay luxury or capital gains. Solve the problem in 8 years removing oligarchy from controlling all yall so called representatives lol. We know where the national debt comes from and the bond market is a scam

Pretty difficult to do with America's compulsion to increase its defense spending EVERY budget. An endless supply of new destructive "toys" doesn't benefit anyone, especially the American people who are in dire need of healthcare and affordable housing.

Ok but why is there a picture of Biden, and Obama? Democrats have proven to be way more fiscally responsible than Republicans. Yes Biden did raise the national debt during a pandemic but on his way out the economy was in a place to start bringing the debt down. The orange clown came in and fucked it

15yrs ago there were serious bipartisan attempts to address the deficit, and also immigration. The key to the failure of both was the emerging Republican radicalism that dictates that everything must be fought and compromise gets you primaried. We live in the results of that sickness.

Do the numbers over the last half century, Republicans never were fiscally responsible, embracing Trump etc Republicans never were the party of family values, look at mortality rates of red states and pregnancy outcomes, voting against safety nets Republicans are not pro preserving sustaining life.

You're one of the good ones Adam. And unlike some here, I and many others are completely willing to forgive and embrace Republicans like you that publicly acknowledge the error of their ways.

Rose by $7.8T in 9 mths of DJT 1.0 To date in 2.0: risen by $3.8T Total: $11.6T so far w/2 yrs to go DJT responsible for about 1/3 of total $40T debt Took 210 yrs for all other 44 POTUS collectively get level of debt he's done by himself. If work & paid $1M /day, debt paid off in 109,589 yrs

Yes, you treated it like an "emergency". You voted FOR more tax cuts for wealthy Republican campaign funders, and generally voting in agreement with 🍊💩 90% of the time. Republicans are what they are.

Only 2 ways to reduce debt. Raise revenue or devalue the USD. $40T in debt, $51T total taken out of this country already by way of tax cuts and austerity funding of programs. IE; Obama's stimulus was ~1.1T, but the Rtards included $480B in tax cuts. Maybe Adam knows about that vote.

I have a feeling which one they're gonna try to go with. And devaluing the dollar to pay off the debt is a soft default. It is screwing over everyone who holds the debt and put their trust in the stability of the system to get back the value of what they lent to the US government with interest.

How long can we sustain this type of “ever increasing” debt before the inevitable (?) collapse of something … Reality check - anyone???

You only "regret" because you are no longer in a party. Money and power means nothing if you haven't got any morals. If you knew it was wrong. Then it's wrong - full stop 🙄

I don’t claim to understand how important the size of the debt is, but I know that those who scream about it when Dems are in power only to go completely silent for Bush or Trump are mere partisan hacks.

We’ve effectively transitioned from a fiscal policy to a "vibes-based" economy. At this point, the national debt isn't a balance sheet; it's just a high-score screen for a game we forgot how to play.

“Insolvent” is the word that comes to mind. “Why?”, is another word that comes to mind. The complete truth about the two words won’t ever spoken by anyone, ever. Rest assured that WE THE PEOPLE will be blamed.

There’s still a difference. Rs increased the debt for bombs & billionaires, Ds for babies & boomers. Want to cut entitlements? Stop subsidizing Big Oil! Don’t raise taxes on average Americans. Raise it on billionaires & corporations! Hell, don’t even raise taxes on the rich. Just make ‘em pay them!

I could have told you at the time you were being conned. Republicans never cared about debts and deficits - it was all just political strategy. There's no way out of this you know. $2 trillion deficit for this shitty economy. There will be no way to spend out of the next recession.

As the U.S. national debt surpasses $40 trillion, about one-fourth to nearly 30% of the total debt accumulated throughout American history is tied to the periods Donald Trump has been in office.

EVERYONE saw this coming. Republicans admitted 2016 billionaire & corporate tax cuts DIDN'T pay for themselves and they DID IT AGAIN in 2024. Watch Republicans start clutching their pearls about debt in the next presidential campaign. There's no blaming Obama or Biden.

If some arcade has a couple of the WHACK-A-MOLE GAMES. Could you replace the moles with of the likeness of 6-Supreme traitors and another one with the likeness of this Administration with idiot BOSS IN THE MIDDLE. You will have over a million views in 15-MIN. Thinking outside the box.

Where it’s at: $1.2 trillion in interest payments, *$2.1 trillion a year deficit* for business as usual spending. 10 year doubling rate. $0.9 per year for military. Basically you have to get rid of the military and all social spending to keep it where it is, not pay down.

Cutting taxes for millionaires and billionaires is doing nothing but supporting their addiction to money. Addiction is bad! That includes addiction to money! Anybody who has over $100 million and is still focused on earning more is clearly an addict. Why do we support this addiction?

How do you objectively look at the trajectory of the national debt since 1981 and say it’s anything but conservative policies that have done this to us? Constantly cutting taxes for the wealthy, constantly spending trillions on military. This is conservative economics, and it sucks.

Republicans are the fraudsters of all time with the fiscal conservatism. Russ vought needs to be impeached and convicted. People have died from his actions with project 2025 and DOGE

This is a 40 trillion boost to the economy + interest. The main problem is that a large part of the money was not invested into the populace, but instead wasted on the military industrial complex and corporate welfare.

Why do normie dems listen to lifelong Republicans like Adam or the folks at the bulwark instead of people who want real change and have caucused left? I will never understand it. I don't hate Adam or Tim Miller, I like them in general, but they are closer to Trump than to Mamdani

With all due respect, Obama was trying to get us out of a recession in that time frame, but Republicans tied him up in knots, always whining about the deficit. But when Trump was elected (both times), not a word from the GOP as he spends like a drunken sailor on shore leave.

All of this happening while republicans continue to try to blame the Biden administration. And you know that the cult will believe it. So sad.

To refresh your memory, Clinton balanced the budget in his time in office. Then GW and a combination of Republican presidents and Congresses 'dealing' with their idiocy got their hands on things. And here we are!

The politicians who put this obscene debt on my kids and grandkids should be held to account. Including taking their wealth away from them. Yes I said it. Strip them of their wealth. Bad enough we had to fork up billions to bail out banks , Wall Street for the Great Recession.

Your fellow republicans treated it like an emergency because it was the Obama administration Republicans stand for nothing and lie about everything You thought they cared about fiscal responsibility!?! 🤣 I doubt you truly believe that, Adam.

Let's be honest for once, 2/3rds of this debt stems from 5 decades of Republican tax cuts plus George W Bush's 2 wars in the Middle East.

One starts with raising taxes on the wealthy like Eisenhower did. Then cut the military budget. A trillion dollars and we have run out of weapons against Iran in 6 months. Time to rein in defense contractors.

The GOP was corrupted way before RayGun, but his popularity made it popular to be one. Now, the Party is grossly beholden to the Christo-Fascists. Their desire is to promote chaos meant to bring on the Second Coming of Christ. Like THAT'S gonna happen. I'm no longer Christian, but I know my bible.

And YOU are the guy that told us a few months ago "no one in America needs to hear from Jill Biden right now." Thx for your service on J6 Commission. But the arrogance of Republicans never changes. No one in America needs to hear mea culpas from YOU right now.

Right? I'm tired of "ex" Republicans saying the same things we Democrats have said for years (not only about Trump) and thinking they deserve attention for it. Their. Party. Gave. Us. Trump.

Your regrets don’t hide what y’all did. The republicans hated Obama and worked with him only when it suited you, not for the benefit of the American people. What’s the publication date for your “tell all” book about your time on Crapitol Hill? You should call it “Twelve Years, not Brave”

Also, and I'm not 100% sure how to break this to you: your party never actually thought this was an emergency, except that a functional Democratic government that spends money that improves folks' lives would actually be an emergency for the GOP's political priorities.

Both parties have contributed to this mess, we need to fix it ASAP before we can’t. We need to start with the billionaires, we have to STOP giving them everything. It’s tiring listening to the ultra wealthy bitch about being overtaxed. HOW MUCH IS ENOUGH!!

You were in the wrong party, even then. Dem presidents actually made progress in reducing the deficit, but most Republicans just chirped about the deficit and debt as talking points. I don't doubt your sincerity on the issue. I question your judgment in thinking the GOP gave a shit.

Our Government operates like a vending machine Insert millions in political donations -> output trillions in tax cuts, contracts, deregulation, etc.

Adam- you treated it like an emergency because a Democrat was in office. Your party (former now) ignores debt when they are in office. Massive tax cuts during Bush 2..and a war of choice. Massive tax cuts by Trump..and a war of choice.. has led to this disaster. Repubs cannot govern. Period.

Back then, Republicans called for “austerity measures “. That was the buzzword of its time. So we cut services for the poor. It didn’t work, because those services aren’t the problem. It’s healthcare costs and billionaires not paying their share. The debt improves only when both get fixed.

Everybody is moaning and groaning about it now. But nothing is being done to stop it. Why? Because the characters in Congress aren’t the ones who will eventually pay the piper. That job will eventually fall upon you and me.

Trump has established $100 trillion national debt as his budget limit. So there will be a lot more established government entities that will be subject to Trump "enhancements" - UNLESS HE IS STOPPED!!!!

They are trying to blame the national debt on Biden. Trump is covering statues in gold , building a new ballroom, paying his friends to destroy the reflecting pool and started a war. Biden rebuilt America’s infrastructure,fed kids, got more people affordable healthcare and created green jobs .

It's a gamble, if they win no laws will matter, they will execute detractors and use the full weight of US military to subjugate the country. People still don't seem to see the big picture here. The consequences of allowing this fascist regime to succeed go so far beyond an economic crisis.

The inescapable conclusion is— our Congress members are cowards more concerned with their own reelection and satisfying the demands of their largest donors than steering the best, most responsible path for our nation and the world. We are on the path to oblivion with little room to turn around. 🤦🏻‍♂️🚩

Rally for SB 1506/HR 3069 Adam. It’s time. The Ai bubble is going to crash. The private credit crash is coming. It’s time to pass National Improved Medicare for All to eliminate the American Health Tax entirely. The lack of integrity and plague of greed is harming decent Americans.

Remember when REPUBLICANS have forever since REAGAN RAISED THE. NATIONAL DEBT??????? Then you all voted for a con man. Good times. Fucking idiots. All of you.

I remember Reagan and the GOP screeching over the debt they blamed on the Democrats, which in 1980 was around $1 T. They then, with no shame, sextupled it over the next 12 years while giving huge tax cuts to the wealthy and splurging on unnecessary military projects. This was intentional sabotage.

All responsible for this debt must be removed. Why is it only Democratic presidents address the debt. While Republican presidents blame it on Democratic presidents. Trump is responsible for 28% of the national debt.

They aren’t governing and never meant to. This is a private equity take over. Rape the country of wealth by loaning against it then taking the profits and bailing out leaving the next seven generations to pay their debt off while balancing that debt against Soc sec, Medicare, and clean water