Submitted 2 days ago by daniel_callahan@jlai.lu to economics@lemmy.world
https://www.theguardian.com/business/2025/jun/07/trump-bill-us-national-debt
The perpetual search for coherence in narratives that are basically fictional is a signal of worthless journalism.
The right and the Republicans have used this nonsense fiscal conservatism narrative as a cudgel for decades, while doing precisely the opposite. To engage with them seriously as if their words have merit makes you either a) a useful idiot, or b) controlled opposition, if not an outright cheerleader.
Ugh and how it happens makes a huge difference. if your adding to the debt to fix infrastructure or help people move out of poverty you will get it back. tax cuts aint coming back around at all.
No.
en.wikipedia.org/…/Betteridge's_law_of_headlines
(I removed the .m using my phone because I’m not a monster. Others should do the same.)
shortwavesurfer@lemmy.zip 2 hours ago
The answer to that question is a firm resounding no. No matter whether it’s a Democrat administration or a Republican administration, the debt is going to go nowhere but up. So the only option is to completely opt out of the US dollar and US dollar denominated assets, which is what I am doing.
I get rid of US dollars just as fast as I possibly can like fucking hot potatoes and only keep enough around for an emergency purpose.