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cm0002@mander.xyz to United States | News & Politics@midwest.social · 1 month ago

America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026

fortune.com

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America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026

fortune.com

cm0002@mander.xyz to United States | News & Politics@midwest.social · 1 month ago
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America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026 | Fortune
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"The longer lawmakers wait, the higher the price for Americans," warned Maya MacGuineas, president of the Committee for a Responsible Federal Budget.
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  • CPMSP@midwest.social
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    1 month ago

    ::shocked Pikachu::

    • village604@adultswim.fan
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      1 month ago

      Hoarding seeds for staple crops would be a better use of money.

  • I_am_10_squirrels@beehaw.org
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    1 month ago

    I’ve been buying physical silver and gold to hedge against the inevitable economic collapse of the US. One of my friends has been buying precious metals for even longer.

    • Tinidril@midwest.social
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      1 month ago

      I’ve done the same. The bulk of my money is in various international index funds, but a good chunk is split between gold and silver. Very soon the US will have two choices, tax the billionaires at rates never before seen, or inflate the currency into the ground. It’s not hard to predict what they will choose.

  • QuiteQuickQum@lemmy.world
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    1 month ago

    https://www.hamiltonproject.org/data/tracking-federal-expenditures-in-real-time

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