91
US debt is now $37trn – should we be worried?
(www.bbc.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 Jul 2025
91 points (100.0% liked)
World News
336 readers
438 users here now
Please help and contribute as we vote on rules:
https://quokk.au/post/21590
Other Great Communities:
Rules
Be excellent to each other
founded 9 months ago
MODERATORS
That's the thing though--if they can create more at any time, why bother "borrowing" in the first place? Because of the debt, the government pays over a billion dollars every day on the interest on that loan.
It's not the economy I'm concerned about, it's channeling billions into the pockets of the wealthy through interest payments--billions that are paid by the working class.
System is working as intended and the only solution is to quit being poor 🤡
Tying up economies of debt issuer and debt holder seems to be the reason for the US. For debt holder it’s a fairly safe way to park money but also exert some power over US if they’re big enough. Realistically what Ben Bernake is saying in that interview is that you could replace one with the other depending on circumstances but that actually threatens capital holders hence why it’s not done like that.