"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."
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.
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
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.
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.
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
The only good WHAT?
If we get some crazy inflation that won’t be more than the price of a cup of coffee.
Let’s go for coffee I’m buying
Its less when you realize that the debt is mostly held by American investors.
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