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White House asks Congress for $106 billion for Ukraine and Israel wars
(www.reuters.com)
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this post was submitted on 20 Oct 2023
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Can’t forgive student debt can’t pay for healthcare yet we can have war, ffs
The government actually has infinite money
Not that I'm saying we should throw money into these wars, but rather that we should have no issue taking care of healthcare and student debt.
Sort of. The US government has created the extraordinary privilege of dollar hegemony, which lets them issue money ad nauseum at the expense of the rest of the world. This privilege ends when the rest of the world stops underwriting this debt, as is slowly happening under the broad name of dedollarization.