monica_b1998@lemmy.world to World News@lemmy.worldEnglish · 21 days agoThe U.S. borrowed $50 billion a week for the past five monthsfortune.comexternal-linkmessage-square187linkfedilinkarrow-up1840arrow-down18
arrow-up1832arrow-down1external-linkThe U.S. borrowed $50 billion a week for the past five monthsfortune.commonica_b1998@lemmy.world to World News@lemmy.worldEnglish · 21 days agomessage-square187linkfedilink
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·edit-220 days agoIt’s not really “debt” when the “debtor” prints the money.
minus-squareMonkderVierte@lemmy.ziplinkfedilinkEnglisharrow-up3·edit-220 days agoStill consuming the countries future.
minus-squareKazumara@discuss.tchncs.delinkfedilinkEnglisharrow-up1·edit-220 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.