Post Aza31PeLOZyRCLb624 by Finitum@mastodon.social
(DIR) More posts by Finitum@mastodon.social
(DIR) Post #Aza19Dm3EVeEm5nWsa by stux@mstdn.social
2025-10-25T21:22:56Z
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38,000,000,000,000 dollarsThe current debt of the #US is now over 38 trillion dollarThis doesn't even make sense anymore
(DIR) Post #Aza1bbIpLc25r7f2g4 by WillyECoyote69@mstdn.social
2025-10-25T21:28:23Z
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@stux Unbelievable, with the most rich ppl on board the Top !
(DIR) Post #Aza1myWhLJ1j4IZZg0 by zoowar@mstdn.social
2025-10-25T21:30:29Z
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@stux And that's 1 trillion more since Trump took office. Yikes! It's worse then I recall.The national debt has increased by approximately $1.78 trillion since January 20, 2025. * National Debt on January 20, 2025: Approximately $36.22 trillion * Current National Debt (October 23, 2025): Approximately $38.00 trillion
(DIR) Post #Aza31PeLOZyRCLb624 by Finitum@mastodon.social
2025-10-25T21:44:16Z
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@stux Bush tax cuts x 20 years + Trump tax cuts x 8 years = how we got here.5 trillion in 2000 when there was a budget surplus.
(DIR) Post #Aza3QhFl5DzB2A9bP6 by RandamuMaki@mstdn.social
2025-10-25T21:48:55Z
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@stux So when do we consider a country effectively bankrupt?
(DIR) Post #Aza7EIeH8Vox48xw4u by tykayn@mastodon.cipherbliss.com
2025-10-25T22:31:22Z
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@stuxi do not think it is technically a problem, well, if it were placed in first hand real world it would be ok, but it is placed in second hand market.and this country totally did not invest in anthing else than IA bullshit, just like the joke in H2G2 where a planet's population disappeared after they put all their production means in shoe fabrication and forgot to guess how they would eat, transport, harvest, and repair things
(DIR) Post #AzaL4DiK1lDeDuwjeC by axantoni@mastodon.social
2025-10-26T01:06:27Z
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@stux the trickle up effect. Government takes out loans, spends it and somehow it ends up making a few Americans trillionaires. Time to reverse that.
(DIR) Post #AzaMueFEjOg7WIuBqS by video_manager@mstdn.social
2025-10-26T01:27:10Z
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@stux given how money *actually* works (see Prof Steve Keen), you should think of it more as $38T injected into the economy/economic activity
(DIR) Post #AzaTK7HQVzryXISP44 by tknarr@mstdn.social
2025-10-26T02:38:59Z
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@stux Think of it as the amount of US Treasury bonds issued, including what's held by our Social Security Administration as the supposed "trust fund".
(DIR) Post #Azb1XD9JOz8Awe4qIq by Taco_lad@aus.social
2025-10-26T09:02:16Z
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@stux as the world trade currency, it makes perfect sense. America buys stuff, and instead of buying stuff back or calling in the debt, other countries find it more valuable to hold onto the us dollars, so in effect the US gets stuff for free because nobody wants to sell the dollars back to the US (at the moment). If Cheeto Hitler keeps fucking up and the US Dollar loses its perceived stability, those debts *will* come due and the US economy will enter pain town.
(DIR) Post #AzbVo5ABLOT3izReJE by trebach@functional.cafe
2025-10-26T14:41:30Z
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@stux About 40% of that is in people's investments as bonds. If you are conservative with your investments, you're likely to have a greater percentage of your money in said bonds, and the going advice is make your 401(k) (US tax-deferred retirement account) more conservative as you get older.If the US goes bust, there's going to be a lot of pissed off and possibly starving people
(DIR) Post #AzbulRUqRnOA6c6Ne4 by byggvir@nrw.social
2025-10-26T19:21:08Z
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@stux This hasn't made sense for decades. The US can't pay back this debt.