World News@lemmy.worldEnglish · 2 months ago

The U.S. borrowed $50 billion a week for the past five months

fortune.com

187

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The U.S. borrowed $50 billion a week for the past five months

fortune.com

monica_b1998@lemmy.world to

World News@lemmy.worldEnglish · 2 months ago

187

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fortune.com

"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."

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humanspiral@lemmy.ca
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2 months ago
Over half of this was just to pay interest on previous accumulated debt.
- FosterMolasses@leminal.space
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  Taking out loans to pay back loans, classic 5D chess.

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