"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."
interest payments on the debt are expected to exceed $1 trillion this year
If my finger-counting math is right ye yanks, on average (including children), are paying ~$250 a month just in interests… I ain’t no economist but that seems like a lot.
If my finger-counting math is right ye yanks, on average (including children), are paying ~$250 a month just in interests… I ain’t no economist but that seems like a lot.
It’s actually worse than this if you just consider the number of working adults.
Which is about 165 million.
Which means every working adult is paying ~$500/m just on the interest.
Which… Isn’t working, at all, the US is cooked.
Gets worse when you realize it’s mostly the middle class paying it
There’s no such a thing as ‘middle class’. The working class is paying all of it.
Fair.
It’s not fair. It’s reality and exactly by design. It’s always been a class war and rich people have been winning for a very long time.
I meant him correcting me saying “middle class” is fair
Is that a you, Mario?
If we get some crazy inflation that won’t be more than the price of a cup of coffee.
Let’s go for coffee I’m buying
Its less when you realize that the debt is mostly held by American investors.