World News@lemmy.worldEnglish · 3 months ago

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

fortune.com

186

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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 · 3 months ago

186

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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3 months ago
It is really debt when it stays on the books and the debtor has to pay interest, and servicing all that debt consumes 15% of the budget.

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