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by insane_dreamer
482 days ago
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> Because making the U.S. solvent 1. None of Elon's actions have anything to do with making the US solvent. Congress sets the US budget, not the president. And they're raising the debt ceiling to pay for tax breaks (primarily benefitting the wealthy) not lowering it. That's where any savings (which are minimal) will go. The real savings -- if Congress does it -- will be to gut Medicaid. That has nothing to do with DOGE for one, and secondly, it will have a huge negative impact on not only lower income Americans but many others (because of the knock on impact of reducing funding to nursing homes etc.) 2. The US is the larger debtor nation, but because it issues debt denominated in its own currency, it essentially holds a get out of jail card. |
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