4 ms·
I'm not sure I agree with you about the debt. If you don't manage the debt, eventually you'll loose investors, which means you'll loose the funds to do anythin
by ua709 6mo ago
I'm not sure I agree with you about the debt. If you don't manage the debt, eventually you'll loose investors, which means you'll loose the funds to do anything. Including fix the climate. We now spend more on interest (14%) than we do on national defense (13%).
https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder...
- tootie 6mo ago"Eventually" is doing a lot of work. There's no indication we're anywhere near a threshold.
- ua709 6mo agoThere’s also no indication that it’s not right around the corner. But it’s true, no one really knows where that threshold is. But it’s also the kind of thing that you really don’t want to know the “right” answer to, because by then it will be too late.