monica_b1998@lemmy.world to World News@lemmy.worldEnglish · 23 days agoThe U.S. borrowed $50 billion a week for the past five monthsfortune.comexternal-linkmessage-square187fedilinkarrow-up1842
arrow-up1842external-linkThe U.S. borrowed $50 billion a week for the past five monthsfortune.commonica_b1998@lemmy.world to World News@lemmy.worldEnglish · 23 days agomessage-square187fedilink
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·edit-222 days agoIt’s not really “debt” when the “debtor” prints the money.
minus-squareMonkderVierte@lemmy.ziplinkfedilinkEnglisharrow-up3·edit-222 days agoStill consuming the countries future.
minus-squareKazumara@discuss.tchncs.delinkfedilinkEnglisharrow-up1·edit-222 days 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.
It’s not really “debt” when the “debtor” prints the money.
Still consuming the countries future.
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.