return2ozma@lemmy.world to News@lemmy.world · 2 months agoU.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemicwww.pbs.orgexternal-linkmessage-square79linkfedilinkarrow-up1677arrow-down13
arrow-up1674arrow-down1external-linkU.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemicwww.pbs.orgreturn2ozma@lemmy.world to News@lemmy.world · 2 months agomessage-square79linkfedilink
minus-squareBronzebeard@lemmy.ziplinkfedilinkarrow-up8·2 months agoThat debt is through Treasury bonds. They pay out that interest as it comes due. If they didn’t, no one would but those bonds and they’d immediately be unable to borrow any more money to continue this spending scheme
That debt is through Treasury bonds. They pay out that interest as it comes due. If they didn’t, no one would but those bonds and they’d immediately be unable to borrow any more money to continue this spending scheme