“Interest payments have exceeded U.S. defense spending.
The US government is issuing public debt at a sustainable rate, as if it were facing another pandemic.”
By Jose Luis Cava
#Bitcoin
Discussion
This is just the start, as the $33 trillion of debt rolls over (as the Treasury bonds reach maturity), the debt has to be refinanced at the current interest rate.
USA is on course for spending $2 trillion a year on interest payments, and would obviously have to raise taxes to do so.
Taxes in America are going to have to rise a lot this decade as de-dollarisation also hurts America’s ability to export inflation.
🎯💯
Silly bastard. Its money the govt owes itself so it's... imaginary debt no one has to pay for except you when they tell you
No that’s not how it works. It is inextricably tied to the value of the currency.
The existence of a budgetary deficit mandates debasement of the currency.
If the deficit becomes a larger fraction of the economy then inflation accelerates and Americans pay the debt via inflation.
they are at war and planning escalation, massive escalation
Bullish
What the actual fuck.