World News@lemmy.worldEnglish · 3 days ago

The U.S. borrowed $50 billion a week for the past five months

fortune.com

187

cross-posted to:
stupidpol@sh.itjust.works

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The U.S. borrowed $50 billion a week for the past five months

fortune.com

monica_b1998@lemmy.world to

World News@lemmy.worldEnglish · 3 days ago

187

cross-posted to:
stupidpol@sh.itjust.works

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fortune.com

"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."

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humanspiral
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3 days ago
Over half of this was just to pay interest on previous accumulated debt.
- FosterMolasses@leminal.space
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  2 days ago
  Taking out loans to pay back loans, classic 5D chess.

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