4 pointsby mooredsan hour ago1 comment
  • jqpabc123an hour ago
    When you flip off the world, this is how they flip you back --- by refusing to buy USA debt.

    But the USA runs on credit. Interest on the nation debt is the single largest government expense --- larger than the US military, larger than Medicare. Way larger than all those wasteful social programs that Elon Musk was supposed to eliminate.

    A lot of US debt is owned by foreign governments, foreign companies and individual foreign investors. When these folks stop buying, interest rates go up, inflation goes up --- economic growth in general slows down.

    "America First" is insane fiscal policy for a country in this position.

    https://budget.house.gov/press-release/interest-costs-surpas...