@silence7@slrpnk.net to politics @lemmy.world • 5 months agoThe Republicans’ Budget Makes No Sense | Congress is trying to preserve the illusion of revenue while cutting taxes.www.theatlantic.comexternal-linkmessage-square21fedilinkarrow-up1370arrow-down13
arrow-up1367arrow-down1external-linkThe Republicans’ Budget Makes No Sense | Congress is trying to preserve the illusion of revenue while cutting taxes.www.theatlantic.com@silence7@slrpnk.net to politics @lemmy.world • 5 months agomessage-square21fedilink
minus-square@10001110101@lemm.eelinkfedilinkEnglish0•5 months agoI think they could just print money to pay instead of defaulting because the debt is denominated in USD (still disastrous though).
minus-square@10001110101@lemm.eelinkfedilinkEnglish1•5 months agoI think some people in the admin actually want that. A lot of them are heavily into crypto and other assets such as real-estate, and they won’t be able to balance trade as long as the USD is the world’s reserve currency.
I think they could just print money to pay instead of defaulting because the debt is denominated in USD (still disastrous though).
That would make the usd worthless.
I think some people in the admin actually want that. A lot of them are heavily into crypto and other assets such as real-estate, and they won’t be able to balance trade as long as the USD is the world’s reserve currency.