☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 7 months agoThe US national debt is at a record high. What happens if it keeps going?www.usatoday.comexternal-linkmessage-square4linkfedilinkarrow-up124arrow-down10cross-posted to: usa@midwest.socialus_news@lemmygrad.mlusa@lemmy.ml
arrow-up124arrow-down1external-linkThe US national debt is at a record high. What happens if it keeps going?www.usatoday.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 7 months agomessage-square4linkfedilinkcross-posted to: usa@midwest.socialus_news@lemmygrad.mlusa@lemmy.ml
minus-squareFloridaBoi [he/him]@hexbear.netlinkfedilinkEnglisharrow-up1·7 months agoThe US’ debt is someone else’s asset. The more debt the more assets are in circulation.
minus-square☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOPlinkfedilinkEnglisharrow-up1·7 months agoThat’s only assuming that US debt is seen as an appreciating asset that’s worth holding.
The US’ debt is someone else’s asset. The more debt the more assets are in circulation.
That’s only assuming that US debt is seen as an appreciating asset that’s worth holding.