Comment on US debt is now $37trn – should we be worried?

Treczoks@lemmy.world ⁨1⁩ ⁨week⁩ ago

With Trump weakening the trust in the dollar and people looking at the Euro as a new reference, the rates at which the US can borrow money is already going up. At 37tn borrowed, even a tiny uptick will cost a fortune or two. Which, unless the conservatives suddenly show fiscal responsibility (which they never did so far), will just increase the deficit.

source
Sort:hotnewtop