@silence7@slrpnk.net to politics @lemmy.world • 1 month agoThe Republicans’ Budget Makes No Sense | Congress is trying to preserve the illusion of revenue while cutting taxes.www.theatlantic.comexternal-linkmessage-square22arrow-up1369
arrow-up1369external-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 • 1 month agomessage-square22
minus-square@10001110101@lemm.eelinkfedilinkEnglish1•1 month 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•1 month 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.