Hacker News new | ask | show | jobs
by SilverElfin 107 days ago
The article has more details than just the headline. For example:

> Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB), said that interest payments on the debt are expected to exceed $1 trillion this year, and will surpass $2 trillion by 2036.

That’s very concerning. There’s no plan to run balanced budgets and stop deficits. And no plan to reduce debt. And no plan on economic competitiveness against China. American politics is mostly dominated by irrelevant things that won’t fix the fundamental problems that will come to affect us in the future.

2 comments

The plan is a smash and grab for whoever is smart enough to scam there way through it amd then probably default like every other empire
They can always at some point pull a modern day Nixon Shock and cancel everything. Make all that debt go poof.