monica_b1998@lemmy.world to World News@lemmy.worldEnglish · 1 day agoThe U.S. borrowed $50 billion a week for the past five monthsfortune.comexternal-linkmessage-square179fedilinkarrow-up1780arrow-down18
arrow-up1772arrow-down1external-linkThe U.S. borrowed $50 billion a week for the past five monthsfortune.commonica_b1998@lemmy.world to World News@lemmy.worldEnglish · 1 day agomessage-square179fedilink
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·edit-26 hours agoIt’s not really “debt” when the “debtor” prints the money.
minus-squareKazumara@discuss.tchncs.delinkfedilinkEnglisharrow-up1·edit-237 minutes agoIt is really debt when it stays on the books and the debtor has to pay interest, and servicing all that debt consumes 15% of the budget.
minus-squareMonkderVierte@lemmy.ziplinkfedilinkEnglisharrow-up3·edit-26 hours agoStill consuming the countries future.
It’s not really “debt” when the “debtor” prints the money.
It is really debt when it stays on the books and the debtor has to pay interest, and servicing all that debt consumes 15% of the budget.
Still consuming the countries future.