Hello. The US government now pays over $3 billion of interest on its debt per day. Have a great Thursday.

Replies (42)

I wish were the government who paid, the citizens are the ones paying the government debts.
If a big economy like the US is going to default on their debts, who is taking the loss AND survives??? #asknostr
James Lavish's avatar James Lavish
Hello. The US government now pays over $3 billion of interest on its debt per day. Have a great Thursday.
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From Brave AI Characteristics of Fiscal Dominance Fiscal dominance refers to a situation where a country’s fiscal policies, particularly its debt and deficit levels, become so significant that they override the effectiveness of monetary policy in controlling inflation. In other words, when a government’s debt exceeds a certain threshold, it can no longer rely solely on monetary policy (interest rates and money supply) to manage inflation, as the central bank’s actions become less potent.
Damnit James my day was goin…at hell, who we kiddin…thanks for the reminder. πŸ˜†
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