Donald Trump warned Tuesday that if the Democrats don’t approve funding, there are dangers to the future of Social Security and Medicare.
Trump said at a press conference that when he asked Democrats for feedback on the funding bills, one said, “It means death.”
“There’s nothing about death,” Trump said. “Theirs is death because they’re going to lose Medicaid, they’re going to lose Social Security, they’re going to lose Medicare, all of those things are going to be gone because the whole country would be bankrupt, and you’re not going to have any kind of medical insurance.”
The US doesn’t need to borrow money as long as the USD remains the world’s reserve currency.
Which is why we are completely fucking ourselves by burning all of the good will we’ve built up since WW2.
No, it DOES need to borrow money. Being the world reserve currency just let’s it do so to an exceptional degree. It does this by selling Treasury bonds.
Read about Modern Monterey Theory.
It’s all made up, and we print it. We can do whatever we want with it.
Or we could, before our own government started sabotaging our standing in the world.
Issuing bonds is the mechanism by which they do what you’re saying. The US, by law, currently cannot just print more money to pay off it’s debts. It can print money to buy bonds through the market in some convoluted nonsense, but that direct print to debt that your saying isn’t a thing.