return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 18 days agoThe U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combinedfortune.comexternal-linkmessage-square44linkfedilinkarrow-up1421arrow-down16cross-posted to: economy@lemmy.world
arrow-up1415arrow-down1external-linkThe U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combinedfortune.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 18 days agomessage-square44linkfedilinkcross-posted to: economy@lemmy.world
minus-squarekrashmo@lemmy.worldlinkfedilinkarrow-up7·17 days agoThey do pay these debts. That’s exactly what this article is pointing out. We are spending this money on debt rather than something beneficial to citizens. Yes, we print our own money but we still have to pay our debts.
minus-squaremrbutterscotch@feddit.orglinkfedilinkEnglisharrow-up5arrow-down1·17 days agoNo it’s the interest if the debt they are paying 88billion for. Not the debt itself. So the debt isn’t actually being paid off.
minus-square8oow3291d@feddit.dklinkfedilinkarrow-up1·17 days agoTreasuries have a limited lifetime, and then are repaid. They are expiring all the time, and they are being repaid.
They do pay these debts. That’s exactly what this article is pointing out. We are spending this money on debt rather than something beneficial to citizens. Yes, we print our own money but we still have to pay our debts.
No it’s the interest if the debt they are paying 88billion for. Not the debt itself. So the debt isn’t actually being paid off.
Treasuries have a limited lifetime, and then are repaid. They are expiring all the time, and they are being repaid.