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I know the system better than anyone.
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4 upvotes
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Made by
AuntieKnotsey
1 year ago
in
politics
donald trump
default
national debt
chapter eleven
the art of the deal
maga
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5 Comments
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Rancorjoe
3 ups
, 1y,
3 replies
you know, the problem with endlessly raised debt ceilings is that the interest rates and expectations to pay it back still occur...
I don't think interest rates hitting 101% gdp is better than defaulting, strangely enough..
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CountBonkulus
3 ups
, 1y,
1 reply
It has to default eventually, when the debt becomes unsustainable. That's why the Fed loves inflation- it buys them time.
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AuntieKnotsey
0 ups
, 1y
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AuntieKnotsey
1 up
, 1y
Don't you trust in GOD?
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AuntieKnotsey
1 up
, 1y
Didn't Trump call that currency manipulation? But yet he and GOP added trillions to the debt.
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