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U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts (finance.yahoo.com)

submitted 1 day ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] Waterpumpee@lemmus.org 1 points 1 day ago

lets just say, borrowing is favourable for the usa. If they decide to just not pay, noone is gonna get the money back. Of course, then you have no one willing to borrow you money, then you can still start printing.

I think consensus is, states shouldnt borrow money to cover running costs but to cover investments. investments provide a ROI you can pay the debt back with.

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