The national debt is expected to hit a record high as soon as this week, crossing a major threshold of $40 trillion. Congressional correspondent Lisa Desjardins explains why that milestone is a warning sign for many economists.
The national debt is expected to hit a record high as soon as this week, crossing a major threshold of $40 trillion. Congressional correspondent Lisa Desjardins explains why that milestone is a warning sign for many economists.
They don’t want to clear the debt. The debt is a major source of borrowing capacity (as it’s bought), for which they receive a lot of benefits (because it’s “good as gold,” it’s usually held as such). How do you think the US bought itself out of COVID (eh)? It’s the size of the interest payment that is unstable. They can tax billionaires to lower the interest.