World News@lemmy.worldEnglish · 1 month ago

The U.S. borrowed $50 billion a week for the past five months

fortune.com

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The U.S. borrowed $50 billion a week for the past five months

fortune.com

monica_b1998@lemmy.world to

World News@lemmy.worldEnglish · 1 month ago

187

cross-posted to:
news@lemmy.world

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fortune.com

"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."

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technocrit@lemmy.dbzer0.com
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1 month ago
It’s not really “debt” when they print the money.
- MonkderVierte@lemmy.zip
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  1 month ago
  Still consuming the countries future.
- Kazumara@discuss.tchncs.de
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  1 month ago
  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.

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