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-square183fedilinkarrow-up1797arrow-down16
arrow-up1791arrow-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-square183fedilink
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·edit-213 hours agoIt’s not really “debt” when the “debtor” prints the money.
minus-squareKazumara@discuss.tchncs.delinkfedilinkEnglisharrow-up1·edit-28 hours 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-213 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.