this post was submitted on 13 Aug 2025
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[–] chosensilence@pawb.social 12 points 6 days ago (9 children)

literally meaningless to me. i couldn’t care less. money is fake and nobody is ever going to do shit about the debt. who? tell me who is going to do what and without any devastating worldwide consequence?

we can owe $6 quintillion and it won’t mean shit we will print and print and borrow and borrow and so will every other country.

[–] frongt@lemmy.zip 10 points 6 days ago (3 children)

It's possible that other countries might start calling us on the debt, if we borrow faster than we lend, or faster than inflation.

Countries don't have credit ratings in the same way Americans do, but they still have ratings on their bonds. If those ratings get downgraded, people stop lending us money, and then everything crashes and burns.

[–] PattyMcB@lemmy.world 8 points 6 days ago

Our ratings HAVE been downgraded, and it's only going to get worse

[–] onslaught545@lemmy.zip 7 points 6 days ago (1 children)

Most of our debt is domestically owned, though.

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[–] cmeu@lemmy.world 10 points 6 days ago (1 children)
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[–] jaykrown@lemmy.world 2 points 4 days ago

It doesn't even mean anything, it's never being paid back.

[–] DMCMNFIBFFF@lemmy.world 9 points 6 days ago

The euro, pound, and Swiss franc are each worth more than a US dollar.

[–] Stosh@lemmy.world 7 points 6 days ago

He is a smart business man, that is impossible

[–] griff@lemmings.world 8 points 6 days ago

Best debt EVER!!!

[–] WanderWisley@lemmy.world 6 points 6 days ago
[–] TankovayaDiviziya@lemmy.world 5 points 6 days ago (1 children)

The federal debt is just the fascist's excuse to be fascist.

[–] Tollana1234567@lemmy.today 4 points 5 days ago (3 children)

somehow the defense budget remains unaffected.

[–] Alaik@lemmy.zip 1 points 4 days ago

Defense budget and ICE budgets must go up!

The defense budget is all contractors too. The amount spent on personnel is fucking miniscule.

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[–] 0x0@lemmy.zip 4 points 6 days ago
[–] Spacehooks@reddthat.com 4 points 6 days ago

Im starting to suspect they want the number high. Like when I hear ppl say it good to have some debt for your credit score.

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