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.