▲ -3 ▼ The US national debt is already grown by $1 trillion in a month (lemmy.ml) submitted 3 years ago by yogthos@lemmy.ml [M] to c/usa@lemmy.ml 14 comments fedilink hide all child comments https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
[–] Catsrules@lemmy.ml 0 points 3 years ago (1 child) Seems like a totally sustainable situation. permalink fedilink source hideshow 2 child comments replies: [–] fedfedfedd@lemmy.ml 0 points 3 years ago (1 child) It is a good thing. You shouldnt look at total debt, but the service costs of holding such debts. A country with massive debt doesnt pay it, it will refinance it. We figured out about 5 years ago that debt isnt finite for a country. Op is a meme poster with zero clue on how money works. https://www.imf.org/en/Publications/WP/Issues/2018/04/11/Interest-Growth-Differentials-and-Debt-Limits-in-Advanced-Economies-45794 Its free to read and you can inform yourself on why you shouldn't worry about these things. Looking at the replies from OP he doesnt really grasp how debt works so I wouldnt listen to his odd takes. permalink fedilink source parent hideshow 2 child comments replies: [–] gary_host_laptop@lemmy.ml -1 points 3 years ago In economics it's hard to say something for certain until it has been carried out by a big macroeconomical subject, and if what you mean is something of infinite debt accumulation, it's even harder to measure it because it can mean that at any point there could be a non prevented scenario where things didn't go as planned. I doubt there has ever been a case in history of an entity with so much debt, and while maybe it works as is described here, it can also mean that it could act in a totally different way under a different scenario. For example one where a country who's currency is used globally stops being so. Time will tell, I guess. I'd love to see some quotes about how this paper says things work, if you have read it. permalink fedilink source parent
[–] fedfedfedd@lemmy.ml 0 points 3 years ago (1 child) It is a good thing. You shouldnt look at total debt, but the service costs of holding such debts. A country with massive debt doesnt pay it, it will refinance it. We figured out about 5 years ago that debt isnt finite for a country. Op is a meme poster with zero clue on how money works. https://www.imf.org/en/Publications/WP/Issues/2018/04/11/Interest-Growth-Differentials-and-Debt-Limits-in-Advanced-Economies-45794 Its free to read and you can inform yourself on why you shouldn't worry about these things. Looking at the replies from OP he doesnt really grasp how debt works so I wouldnt listen to his odd takes. permalink fedilink source parent hideshow 2 child comments replies: [–] gary_host_laptop@lemmy.ml -1 points 3 years ago In economics it's hard to say something for certain until it has been carried out by a big macroeconomical subject, and if what you mean is something of infinite debt accumulation, it's even harder to measure it because it can mean that at any point there could be a non prevented scenario where things didn't go as planned. I doubt there has ever been a case in history of an entity with so much debt, and while maybe it works as is described here, it can also mean that it could act in a totally different way under a different scenario. For example one where a country who's currency is used globally stops being so. Time will tell, I guess. I'd love to see some quotes about how this paper says things work, if you have read it. permalink fedilink source parent
[–] gary_host_laptop@lemmy.ml -1 points 3 years ago In economics it's hard to say something for certain until it has been carried out by a big macroeconomical subject, and if what you mean is something of infinite debt accumulation, it's even harder to measure it because it can mean that at any point there could be a non prevented scenario where things didn't go as planned. I doubt there has ever been a case in history of an entity with so much debt, and while maybe it works as is described here, it can also mean that it could act in a totally different way under a different scenario. For example one where a country who's currency is used globally stops being so. Time will tell, I guess. I'd love to see some quotes about how this paper says things work, if you have read it. permalink fedilink source parent
