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redzanti

1,624 Posts.

26/06/24

08:44

Post #: 74489278
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Originally posted by willial: ↑

Davo,

Under Biden ,in only four years , US interest on debt has increased from 535 billion to over a trillion.

Like labor in Australia the democrats have no idea of fiscal prudence and hence destroy economies with debt as is progressively happening under Chalmers with his projected budget deficits and inflationary wasteful spending.

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As the world's reserve currency, the USD is relied upon meaning the UD debt is taken on across the globe.

Means that the debt problem isn't so much a problem when everyone else absorbs it. The ultimate get out of jail card.
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