U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender

cm0002@literature.cafe · 8 days ago

U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender

NathanRanch@lemmy.zip · 7 days ago

I don’t think we can eliminate the debt in a way that matters without making a bigger mess of it. There simply isn’t a constructive way out that we’re interested in.

DragonTypeWyvern@midwest.social · 7 days ago

There isn’t a constructive way out that isn’t political suicide, because the answer is increasing taxes and cutting the budget only without all the fraud this time.