☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 5 months agoUS government debt is on track to surpass $50 trillion by 2033. That means $5.2 billion is piling up every day.finance.yahoo.comexternal-linkmessage-square12fedilinkarrow-up138arrow-down19
arrow-up129arrow-down1external-linkUS government debt is on track to surpass $50 trillion by 2033. That means $5.2 billion is piling up every day.finance.yahoo.com☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 5 months agomessage-square12fedilink
minus-squarebquintb@midwest.sociallinkfedilinkEnglisharrow-up4arrow-down1·edit-25 months agoOh, don’t you worry about that. The Fed can print infinite amounts of cash.
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPMlinkfedilinkarrow-up3arrow-down3·5 months agoThey can, but the issue is that increasingly larger portion of the budget is allocated to debt payments reducing overall operating budget.
Oh, don’t you worry about that. The Fed can print infinite amounts of cash.
They can, but the issue is that increasingly larger portion of the budget is allocated to debt payments reducing overall operating budget.