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Why would you force a recession to escape interest payments totalling 4% of GDP? It makes more sense to preserve a strong real economy to help fund those intere
by energy123 2y ago
Why would you force a recession to escape interest payments totalling 4% of GDP? It makes more sense to preserve a strong real economy to help fund those interest payments.
- FollowingTheDao 2y agoA recession does not hurt the wealthy, it helps them. They buy everything the poor sell to stay alive. "You will own nothing and be happy" was a command.
- jarsin 2y agoThe interest payments are greater than the defense budget. It will bankrupt the US. > In 2024, the U.S. government paid $1.2 trillion in interest on its debt, which was a record high. This was the second largest federal expenditure, after Social Security.
- energy123 2y agoIf 4% of GDP will bankrupt the US, then why would you want a recession which will lower GDP by more than 4% compared to the status quo?