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[–] 76 points 8 months ago (18 children)

interest payments on the debt are expected to exceed $1 trillion this year

If my finger-counting math is right ye yanks, on average (including children), are paying ~$250 a month just in interests... I ain't no economist but that seems like a lot.

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  • [–] 37 points 8 months ago (9 children)

    Gets worse when you realize it’s mostly the middle class paying it

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  • [–] 65 points 8 months ago (8 children)

    There's no such a thing as 'middle class'. The working class is paying all of it.

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  • [–] 14 points 8 months ago (6 children)
  • [–] -4 points 8 months ago (5 children)

    It's not fair. It's reality and exactly by design. It's always been a class war and rich people have been winning for a very long time.

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  • [–] 4 points 8 months ago (3 children)
  • [–] 13 points 8 months ago (2 children)

    It's actually worse than this if you just consider the number of working adults.

    Which is about 165 million.

    Which means every working adult is paying ~$500/m just on the interest.

    Which.... Isn't working, at all, the US is cooked.

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  • [–] 1 point 8 months ago (1 child)

    The only good jews is the working class has already been squeezed really hard. We can't support that debt. The wealthy are going to have to start chipping in

    I know in being optimistic here, but it's possible for another FDR-type era

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  • [–] -2 points 8 months ago (1 child)

    Its less when you realize that the debt is mostly held by American investors.

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  • [–] 1 point 8 months ago

    Makes me feel so much better knowing my hard-earned money is going to wealthy Americans /s

    The working class is who pays disproportionately high taxes. The wealthy are the ones holding large numbers of bonds

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