The US government's bills will exceed its revenue by the early 2030s, according to a Congressional Budget Office estimate.
  • lntl@lemmy.ml
    0·
    1 year ago

    can’t they just print the money? i don’t get why debt is a problem for this case

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
      1·
      1 year ago

      The article gives a few reasons, one being that private lenders tend to tighten up when inflation is rising because they realize that businesses won’t be able to grow at a sufficient rate for them to make a return.