The cost of paying for America’s national debt crossed the $1 trillion mark in 2023, driven by higher interest rates and a record $34 trillion mountain of debt. The U.S. will spend more on interest on debt in 2024 than on defense.
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by sylsau
3 comments
That’s where it’s crazy… You could seize the assets of every Billionaire in the US, the government sells Apple, Amazon, Dell, Oracle, Tesla, all the millions of acres owned by billionaires, and much of our food supply, sell it all to China for the cash, and only have a few years of interest payments, not even knocking down the debt, just paying the interest for a few years. And then the US doesn’t have any profits or control from any of those (and many many more) companies. Tells you taxing billionaires doesn’t solve the issue, taxing millionaires won’t even be enough… Easiest solution is inflation… Oh wait, what do we have here…. Two years ago the government looked us in the eye and said “inflation, no we don’t have inflation” yet it solves their biggest problem, devalue the debt, at the expense of all of us.
Shh..they print money out of thin air 🤔
OK so is anyone going to do something about it??