• OfCourseNot@fedia.io
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    4 months ago

    interest payments on the debt are expected to exceed $1 trillion this year

    If my finger-counting math is right ye yanks, on average (including children), are paying ~$250 a month just in interests… I ain’t no economist but that seems like a lot.

    • douglasg14b@lemmy.world
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      4 months ago

      It’s actually worse than this if you just consider the number of working adults.

      Which is about 165 million.

      Which means every working adult is paying ~$500/m just on the interest.

      Which… Isn’t working, at all, the US is cooked.

      • Taldan@lemmy.world
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        4 months ago

        The only good jews is the working class has already been squeezed really hard. We can’t support that debt. The wealthy are going to have to start chipping in

        I know in being optimistic here, but it’s possible for another FDR-type era

    • graycube@lemmy.world
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      4 months ago

      If we get some crazy inflation that won’t be more than the price of a cup of coffee.

      • Taldan@lemmy.world
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        4 months ago

        Makes me feel so much better knowing my hard-earned money is going to wealthy Americans /s

        The working class is who pays disproportionately high taxes. The wealthy are the ones holding large numbers of bonds

    • explodicle@sh.itjust.works
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      4 months ago

      Even years ago, you could tell how honest the Tea Party people were by asking if they’d defund the police or military.

  • MrSulu@lemmy.ml
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    4 months ago

    Overseen by man with significant history of refusing to repay loans.

  • Smoogs@lemmy.world
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    4 months ago

    so rather than just pay a tax like a socialist country would up front, US is now only just surviving on tariffing …which is paid … by their own people ….as a tax. On top of whatever tax you already pay ……while digging more deficits.

    • zebidiah@lemmy.ca
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      4 months ago

      all while essential services dry up and wither at every level of government…

  • discocactus@lemmy.world
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    4 months ago

    Just for the sake of argument: It’s possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that’s roughly $504 of finished product per barrel (@ $12/gal).

    That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we’d be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.

  • HugeNerd@lemmy.ca
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    4 months ago

    A billion here, a billion there, pretty soon you’re talking real money.

  • technocrit@lemmy.dbzer0.comBanned from community
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    4 months ago

    Uggg this old trope.

    It’s not really “borrowing” when they print the money.

    It’s just another wealth transfer from the poor to the extremely privileged.

    • lbfgs@programming.dev
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      4 months ago

      M2 money supply actually had not increased for a while and only recently surpassed the previous peak in 2022. Meanwhile US debt and debt to GDP ratio increased modestly (and is in fact down from the COVID era peak ‘thanks’ to inflation) meaning that it’s mostly the treasuries market that was funding the new debt (i.e. borrowing)

    • CADmonkey@lemmy.world
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      4 months ago

      “Americans, why haven’t you built a parallel system that can take on the strongest military in the world yet? It’s been over a year.”

      Edit: see what I mean?

      • UnderpantsWeevil@lemmy.world
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        4 months ago

        It’s been over 60

        But also, we keep paying one half of America to kill the other half. That’s got a stabilizing effect

      • Jhex@lemmy.world
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        4 months ago

        So maybe if you could not be responsible with it, you should have never had it.

        Isn’t that one of the excuses you use to keep bombing children around the world?

          • Jhex@lemmy.world
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            4 months ago

            You can’t pretend you are up against your own military when you have literally done nothing yet

            But no worries, you take this lazy stand because you couldn’t care less about the harm caused abroad as long as you can keep sipping your latte… but the USA is already falling off the cliff, you just prefer to keep your head in the sand a long as possible

      • Jhex@lemmy.world
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        4 months ago

        Not as easy as <checks notes> marching on weekends to ensure minimum disruption while your country massacres school girls under the command of a pedophile… but certainly non of this if your concern

  • vane@lemmy.world
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    4 months ago

    I disagree, according to my observation U.S. borrowed at least $69.7B per week 1 394,11 / 20

    United States of America 3,5% 25/28	US91282CPC90	99.75	13/10/2025	USD	100	15/10/2025	3.50%	15/10/2028	59.08 bn	
    United States of America 3,625% 25/30	US91282CPD73	99.23	31/10/2025	USD	100	31/10/2025	3.63%	31/10/2030	74.02 bn	
    United States of America 3,5% 25/27	US91282CPE56	99.74	31/10/2025	USD	100	31/10/2025	3.50%	31/10/2027	72.96 bn	
    United States of America 3,75% 25/32	US91282CPF22	98.81	03/11/2025	USD	100	31/10/2025	3.75%	31/10/2032	46.53 bn	
    United States of America 0,000% 25/26	US912797SK41	97.28	03/11/2025	USD	100	30/10/2025	-	29/10/2026	52.80 bn	
    United States of America 3,5% 25/28	US91282CPK17	99.73	13/11/2025	USD	100	15/11/2025	3.50%	15/11/2028	67.03 bn	
    United States of America 4,625% 25/55	US912810UP11	96.67	17/11/2025	USD	100	15/11/2025	4.63%	15/11/2055	28.89 bn	
    United States of America 4% 25/35	US91282CPJ44	98.53	17/11/2025	USD	100	15/11/2025	4.00%	15/11/2035	48.54 bn	
    United States of America 3,75% 25/32	US91282CPM72	98.76	01/12/2025	USD	100	30/11/2025	3.75%	30/11/2032	49.03 bn	
    United States of America 3,5% 25/30	US91282CPN55	98.85	01/12/2025	USD	100	30/11/2025	3.50%	30/11/2030	70.00 bn	
    United States of America 3,375% 25/27	US91282CPL99	99.68	01/12/2025	USD	100	30/11/2025	3.38%	30/11/2027	76.89 bn	
    United States of America 3,5% 25/28	US91282CPP04	99.72	11/12/2025	USD	100	15/12/2025	3.50%	15/12/2028	58.00 bn	
    United States of America 0,000% 25/26	US912797TC16	96.78	06/01/2026	USD	100	26/12/2025	-	24/12/2026	52.30 bn	
    United States of America 3,875% 25/32	US91282CPQ86	99.48	02/01/2026	USD	100	31/12/2025	3.88%	31/12/2032	48.69 bn	
    United States of America 3,625% 25/30	US91282CPR69	99.38	02/01/2026	USD	100	31/12/2025	3.63%	31/12/2030	77.46 bn	
    United States of America 3,375% 25/27	US91282CPS43	99.67	02/01/2026	USD	100	31/12/2025	3.38%	31/12/2027	76.35 bn	
    United States of America 3,5%   26/29	US91282CQA26	99.91	13/02/2026	USD	100	15/02/2026	3.50%	15/02/2029	74.43 bn	
    United States of America 4,125% 26/36	US91282CPZ85	100.81	17/02/2026	USD	100	15/02/2026	4.13%	15/02/2036	53.90 bn	
    United States of America 4,75%  26/56	US912810UR76	0.00	18/02/2026	USD	100	15/02/2026	4.75%	15/02/2056	32.08 bn
    United States of America 0,000% 26/27	US912797TV96	96.67	23/02/2026	USD	100	19/02/2026	-		18/02/2027	52.28 bn	
    United States of America 4,625% 26/46	US912810UT33	99.95	24/02/2026	USD	100	15/02/2026	4.63%	15/02/2046	17.92 bn	
    United States of America 3,375% 26/28	US91282CQB09	99.71	27/02/2026	USD	100	28/02/2026	3.38%	29/02/2028	77.27 bn	
    United States of America 3,5%   26/31	US91282CQD64	99.24	02/03/2026	USD	100	28/02/2026	3.50%	28/02/2031	78.39 bn	
    United States of America 3,75%  26/33	US91282CQC81	98.78	03/03/2026	USD	100	28/02/2026	3.75%	28/02/2033	49.27 bn