MuskyMelon@lemmy.world to politics @lemmy.world · 2 months agoThe US has $36 trillion in debt. What does that mean, and who owns it?www.aljazeera.comexternal-linkmessage-square16fedilinkarrow-up1120arrow-down16file-text
arrow-up1114arrow-down1external-linkThe US has $36 trillion in debt. What does that mean, and who owns it?www.aljazeera.comMuskyMelon@lemmy.world to politics @lemmy.world · 2 months agomessage-square16fedilinkfile-text
minus-squareDarkCloud@lemmy.worldlinkfedilinkarrow-up6arrow-down4·2 months agoNo one has ever “fixed” the us debt in the past 20 years or more. It’s just the US is the main military super power, so no one is about to call them on it.
minus-squareAmidFuror@fedia.iolinkfedilinkarrow-up9·2 months agoNo, but the deficit has periodically been eliminated. You can’t fix the debt by running a surplus for a couple of years and then slashing taxes / raising spending again.
No one has ever “fixed” the us debt in the past 20 years or more.
It’s just the US is the main military super power, so no one is about to call them on it.
No, but the deficit has periodically been eliminated. You can’t fix the debt by running a surplus for a couple of years and then slashing taxes / raising spending again.