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I sometimes wonder if Americans realize what is going on they are borrowing $1 to grow the economy $0.80 and from that $0.75 goes to the top 1%. So 99% of the r

I sometimes wonder if Americans realize what is going on they are borrowing $1 to grow the economy $0.80 and from that $0.75 goes to the top 1%. So 99% of the remaining citizen are borrowing $0.99 to get $0.05. Now a lot of the money that has been borrowed was from the 1% and they realize that rest of the 99% cant pay them back so now they will take over your countries assets at cents to the dollar all the while spouting how capitalism is a good thing.

pjc50 2y ago
Much of the borrowing grows the economy by more than one dollar - it has positive ROI for the society as a whole. Which is why cutting it is so destructive. They're going to Liz Truss the US Federal budget, and it's going to be extremely bad for a wide swathe of the middle classes via the financial markets.