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Giuliano Giacaglia 🌲 pfp
Giuliano Giacaglia 🌲
@giu
The U.S. needs to fix its budget. The consequences of fiscal irresponsibility will get worse over time. This is a good summary of how the financial situation of the U.S. looks like it and how bad it is:
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Ben pfp
Ben
@benersing
It'd be nice to also be able to print my own money.
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Michael pfp
Michael
@michael
Yeah but it's like, transitory debt
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IP
@ivanpomidorov
Comparing federal debt to family debt is like comparing apples to oranges. Government prints money, can raise taxes to finance the debt, interest on the debt injects liquidity into the country, etc
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gubbstah pfp
gubbstah
@gubbstah
But they can't print money or tax people.
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Patrick pfp
Patrick
@patrickjpatten
https://overtaxed.vercel.app 2 questions to better understand the budget.
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