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News@lemmy.world · 10 days ago

U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

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U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

return2ozma@lemmy.world to

News@lemmy.world · 10 days ago

This rapid debt accumulation is the fastest outside of the COVID-19 pandemic, with the debt having reached $37 trillion in August.

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9 days ago
Surely there’d be no other downsides

But yeah inflation outpacing interest is mostly good for the borrower.

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