cross-posted from: https://lemmy.ml/post/50913906
Financial Times drops the bars
this post was submitted on 03 Aug 2026
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A Boring Dystopia
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In the US we don't really have money for either.
It's mostly deficit / debt spend. But don't worry, we'll always be able to service debt easily because the USD is standard and in large amounts of demand. Nobody would ever be stupid enough to screw that up and get people to look for alternatives.....oh wait, here's that Trump guy again.
Yeah you do. Your corrupt politicians just keep giving most of it to the rich and powerful, and their corporations.
As non American it's always funny to see one of the richest country in the world never have any money for anything but yachts and mcmansions. Have americans checked their couch cushions? There must be 1 healthcare there somewhere.
last time i checked the federal budget in the US was 23% of total GDP, with about 6% of GDP being from new debt. so the rest (17% of GDP) came from taxes. the US does tax, just too little IMO.
https://en.wikipedia.org/wiki/United_States_federal_budget
It's all going as planned.
Whose plan tho?