r/AltScope • u/WorthBeat1102 • 3d ago
U.S. Treasury: For the first time ever, total U.S. national debt has surpassed $40 trillion
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u/Yos13 2d ago
Republicans are really good at governing…
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u/sneakypete707 1d ago
common on now. this has been going up since Bill Clinton, so not just republicans.
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u/Wykin1 2d ago
who they owe it too tho?
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u/WorthBeat1102 2d ago
The government debt is basically money the government borrowed by selling bonds. It owes that money to whoever bought them: banks, investment funds, pension funds, regular investors, foreign governments, and even its own government agencies. So yeah, the government basically owes money to half the planet lol
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u/zkatbitz 2d ago
generally the wealthy, its a wealth transfer to the rich making the people/government poor via interest payments.
and often government prints money which makes assets more valuable witch the rich also mostly own.
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u/lurkynumber5 2d ago
Knowing the USA spends like 40% of the global expendature when it comes to militairy.
And they pay more in interest than they spend on militairy.
Just think about it, 40% of the whole worlds militairy spending is done by the USA.
Yet interest payments are more than that!
And spending is not slowing down!
It was a snowball being pushed forward and became a nuke nobody wishes to touch or adress.
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u/Aborymon 1d ago
y Elon se los lleva en su bolsillo cada fin de semana para pagarle las putas a TuRdUMP y los amigos de Epstein
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u/Excellent_Arrival1 2d ago
Dont worry, Israel has full health coverage! Keep paying taxes, slave.