return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 months agoThe U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combinedfortune.comexternal-linkmessage-square44linkfedilinkarrow-up1421arrow-down16
arrow-up1415arrow-down1external-linkThe U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combinedfortune.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 months agomessage-square44linkfedilink
minus-squaremrbutterscotch@feddit.orglinkfedilinkEnglisharrow-up5arrow-down1·2 months agoNo it’s the interest if the debt they are paying 88billion for. Not the debt itself. So the debt isn’t actually being paid off.
minus-square8oow3291d@feddit.dklinkfedilinkarrow-up1·2 months agoTreasuries have a limited lifetime, and then are repaid. They are expiring all the time, and they are being repaid.
No it’s the interest if the debt they are paying 88billion for. Not the debt itself. So the debt isn’t actually being paid off.
Treasuries have a limited lifetime, and then are repaid. They are expiring all the time, and they are being repaid.