The U.S. borrowed $50 billion a week for the past five months
(fortune.com)
from monica_b1998@lemmy.world to world@lemmy.world on 10 Mar 18:06
https://lemmy.world/post/44085148
from monica_b1998@lemmy.world to world@lemmy.world on 10 Mar 18:06
https://lemmy.world/post/44085148
#world
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Sounds like there needs to be some sort of efficiency department set up
For healthcare? Education? Can’t possibly imagine what …
Maybe they are secretly building a super efficient and expansive social safety net behind our backs and making it a surprise!!!
You are more likely to become soylent green.
Dammit! Now you made me hungry again.
I hope so, for your sake.
You gotta be willing to spend if you want to build the biggest and best ballroom ever made.
I hope they’re using a card with cash back, at least.
I don’t understand why anyone would select travel miles/points when cash can be spent on anything and doesn’t expire.
Agreed. Maybe the cash back can be used to forgive all student loans or end homelessness or something.
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.
Gets worse when you realize it’s mostly the middle class paying it
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
<img alt="1000032237" src="https://lemmy.dbzer0.com/pictrs/image/72047364-b3d6-4b88-9465-2abf8b59231e.webp"><img alt="1000032237" src="https://lemmy.dbzer0.com/pictrs/image/942d0adf-a03a-40ac-9004-c4d9c80ea246.webp">
Thank god Doge found all that extra money.
Archive link?
I disagree, according to my observation U.S. borrowed at least $69.7B per week 1 394,11 / 20
The US, like all governments, can simply create money. Unlike most commodities, modern currencies are gated only by the choice to do so. Just change the number in the computer. Trump can simply choose to create money and give it to himself. That’s what he wants, which is why he’s hounding the fed to reduce rates, so he can create more money. Then he just gives it to himself and his allies through some obvious scheme or direct it to his efforts, despite no congressional approval of the funds purpose. The massive increase in expenditures of the US government is just Trump printing money to give himself and his allies. It’s insane to give someone like Trump control of a system whose only real barrier is a choice.