2026-09-10 11:47 UTC
Replies (4)
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@NewDark@lemmy.today 2026-09-10 17:52
Modern Monetary Theory is here to show why this is largely a myth. Let’s lay it out. The US has the ability to print USD. This is currency sovereignty. That debt is largely debt to itself (inter government obligations) If we can always create the money needed for any debts, we can never default on this debt. Taxes should be seen through the lense of a deflationary mechanism instead of a way to actually acquire USD. Thus, the national debt is fairly meaningless and is intentionally used by conservatives as a way to advocate for spending cuts that would help average Americans.
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@Tollana1234567@lemmy.today 2026-09-11 05:10
this also to keep the “Dems” from acting on Epstein file related legislations too.
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@starik@lemmy.today 2026-09-11 05:28
There is no point in taking the $5000 thing seriously enough to do the math on it. This news cycle is so dumb. Even the MAGAts don’t believe him on this one.
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@LegoBrickOnFire@lemmy.world 2026-09-11 06:24
You’re doing very well if you figure out a way not to pay off your debt