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271 sats \ 2 replies \ @Tenuki 1 Nov 2022
They could always just up their military spending to prove you wrong 😜
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0 sats \ 1 reply \ @k00b OP 1 Nov 2022
Definitely going to try with all that's going on in the world.
Hard to grow a military as fast as interest accrues though.
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240 sats \ 0 replies \ @Tenuki 1 Nov 2022
We will see the money printer going brrr harder than ever before...
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289 sats \ 0 replies \ @DeezSats 1 Nov 2022
According to some measurements it is already there
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240 sats \ 2 replies \ @andyleroy 1 Nov 2022
“We will always be able to pay our debt because we have a printing press,” Boockvar said. “The question is what the interest rate will be on that debt.”
😬😬😬
And yet meanwhile, Moody's is still rating US Debt as Aaa...
https://www.reuters.com/world/us/moodys-affirms-united-states-rating-aaa-economic-strength-2022-06-24/
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100 sats \ 1 reply \ @k00b OP 1 Nov 2022
They have to be grading on a curve!
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240 sats \ 0 replies \ @andyleroy 1 Nov 2022
😂 Bitcoin coming in and blowing up the curve on the test everyone is getting a 20% on
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101 sats \ 4 replies \ @Atreus 1 Nov 2022
Uhhhh...
Okay, so, here's where we're at in terms of military spending —
And interest payments on the debt will EXCEED the blue part? How would that even work.
Yea you know what, nevermind. I'm just going to send you some sats k00b, we all need to stack a lot more.
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100 sats \ 2 replies \ @BlokchainB 2 Nov 2022
Lol should change defense to war!
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354 sats \ 0 replies \ @Atreus 2 Nov 2022
It used to be — the "Defense" Department was the WAR DEPARTMENT until after 1945.
After World War 2, I suppose, we got wise to the benefits of propaganda and the power of labels, so the name was changed.
I like War Department more too. Not only is it more honest, it sounds more badass.
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240 sats \ 0 replies \ @DemandUtopia 2 Nov 2022
We also have the Department of Homeland Security. What is the Department of Defense defending, if we also need Homeland Security?
Rhetorical question, of course... the DoD is all about maintaining the petro dollar and other military adventurism abroad
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0 sats \ 0 replies \ @k00b OP 1 Nov 2022
That blue part is almost $800,000,000,000 according this article.
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100 sats \ 0 replies \ @orthzar 3 Nov 2022
Unfortunately, many will blame this on the current president, despite the fact that this trend was obvious since at least 2010 -- at least two prior presidents and hundreds of legislators from both parties could have done something to avoid this. But in their arrogance, they told us that it would be fine and to trust them that they would keep a lid on it.
The USG has set it's course towards a crack-up boom and the only hope of avoiding devastation is Bitcoin.
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100 sats \ 1 reply \ @satcat 2 Nov 2022
They'll just print more to pay the interest, no problem.
“We will always be able to pay our debt because we have a printing press,” Boockvar.
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240 sats \ 0 replies \ @DemandUtopia 2 Nov 2022
Hasn't the Fed claimed they are planning on reducing their balance sheet soon? That would mean selling treasury debt into the open market.
I'm not disagreeing that printing their way out is the ultimate resolution to this, but in the short term it sounds like the Fed wants to slow down the printer press.
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100 sats \ 0 replies \ @orthzar 2 Nov 2022
Unfortunately, many will blame this on the current president, despite the fact that this trend was obvious since at least 2010 -- at least two prior presidents and hundreds of legislators from both parties could have done something to avoid this. But in their arrogance, they told us that it would be fine and to trust them that they would keep a lid on it.
The USG has set it's course towards a crack-up boom and the only hope of avoiding devastation is Bitcoin.
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0 sats \ 0 replies \ @selfish_gene 2 Nov 2022
прекратить печать - сломать. начать печать - сломать
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