The national debt jumped $1 trillion in 82 days and is expected to keep climbing. How that could affect you and your financial health.
  • marl_karxEnglish
    11·
    2 months ago

    Saying the national debt of the USA is at a record high doesnt really mean anything since it always keeps growing 😅

  • Maeve
    6·
    2 months ago

    Cutting war on every available front would drastically reduce spending.

    • Large BullfrogEnglish
      4·
      2 months ago

      Thing is, is that US’s ability to bully and project military power is the sole thing holding up the US dollar’s value as a fiat currency. The US is following the Mongol Empire’s blueprint of “things are worth this much because we said so”, and the moment they get called out is the moment everything implodes.

  • 小莱卡English
    4·
    2 months ago

    They can print money and, even if they couldn’t, no one has the authority to force the goverment to pay its debt.

    • ☆ Yσɠƚԋσʂ ☆OP
      4·
      2 months ago

      While that’s true, a lot of the debt is held by foreign governments and private investors. If it’s seen as a depreciating asset then it will be sold off.

  • Sickos [they/them, it/its]@hexbear.netEnglish
    4·
    2 months ago

    Absolutely nothing to the military and enforcement arms of the government, the people with power, or the capital owning class.

    But the average jill is gonna be screwed.

    Arbitrarily screwed, mind. There’s absolutely no reason for the so-called debt to affect anything in a day-to-day scenario. Money isn’t real. The value of money has to do with the amount of violence that can be enacted to enforce said value.