Who pays when US debt passes $40 trillion? Follow the receipt from Washington to the people holding its promises.

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  • NathanRanch@lemmy.zip
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    21 hours ago

    So that 40 Trillion went into defense spending mostly, but also general spending. Some of it got taxed back to the government and became spending power again. Then it got recirculated one way or another. That to say, we can’t tell what the fake money is really propping up, and what it isn’t. Everything getting more expensive is a reaction to our continuous efforts just to SERVICE the debt. We literally have no idea how to move forward without printing money, and we aren’t completely sure what happens when we stop.

    Countries like China and Russia have economies, but they’re far more willing to use authoritarian methods to keep their economies going. I’m saying China will never go bankrupt like we can, they can just rewrite the rules. To a much larger extent than we ever will.

    America will need to stop spending and start saving. It’s our game to lose, and we’ll take our allies with us if we don’t. We’re already using slave prison labor, we’re already using Mexican labor, we’re already buying the cheap stuff - just to get by. Trumps immigration policy is made to be a performance for his base, but In reality the economy demands we pay less for certain jobs because we always have. Americans literally cannot take the job at the wage it can provide, our whole system is predicated on it. At least 2 million Mexicans come and go on their own prerogative every year, the deportations have probably just made it easier to get home for some.

    • NathanRanch@lemmy.zip
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      21 hours ago

      In his 1 and 3/4 years he’s maybe deported half of what come and go on their own in just 1 year. Most are probably back, or have been replaced by someone who’s willing to be more evasive.