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The US national debt is already grown by $1 trillion in a month (lemmy.ml)

submitted 1 year ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny

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[–] TheKanzler@lemmygrad.ml 4 points 1 year ago* (last edited 1 year ago) (1 children)

Most domestic bond ownership is within the hands of the bourgeoisie, though.

I'm not saying "no country should ever take on any debt." I'm saying the US debt is excessive, and the money is being wasted on furthering the aims of the bourgeoisie, primarily through funneling that money into continuously arming the military and the police.

Surely this money could at least be used to increase funding for necessary services like education and healthcare, but it's not.

And "inefficient" is a mild way to put it, especially when looking at the DoD

[–] chaorace@lemmy.sdf.org 3 points 1 year ago* (last edited 1 year ago)

I don't disagree with any point you make here, but these are all evils which exist independent of whether or not they are funded by debt, taxes, or some other alchemy, right? The policies wouldn't be worth it even if the government got to paid to implement them.