silence7@slrpnk.net to politics @lemmy.world · 2 days agoThe Republicans’ Budget Makes No Sense | Congress is trying to preserve the illusion of revenue while cutting taxes.www.theatlantic.comexternal-linkmessage-square22fedilinkarrow-up1363arrow-down13
arrow-up1360arrow-down1external-linkThe Republicans’ Budget Makes No Sense | Congress is trying to preserve the illusion of revenue while cutting taxes.www.theatlantic.comsilence7@slrpnk.net to politics @lemmy.world · 2 days agomessage-square22fedilink
minus-square10001110101@lemm.eelinkfedilinkEnglisharrow-up1arrow-down1·1 day agoI think they could just print money to pay instead of defaulting because the debt is denominated in USD (still disastrous though).
minus-squarehazeydreams@lemmy.calinkfedilinkEnglisharrow-up1·8 hours agoThat would make the usd worthless.
minus-square10001110101@lemm.eelinkfedilinkEnglisharrow-up1·8 hours agoI think some people in the admin actually want that. A lot of them are heavily into crypto and other assets such as real-estate, and they won’t be able to balance trade as long as the USD is the world’s reserve currency.
I think they could just print money to pay instead of defaulting because the debt is denominated in USD (still disastrous though).
That would make the usd worthless.
I think some people in the admin actually want that. A lot of them are heavily into crypto and other assets such as real-estate, and they won’t be able to balance trade as long as the USD is the world’s reserve currency.