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Interest payments on the national debt top $1 trillion as deficit swells (www.cnbc.com)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 2 months ago

I think it is, but the key reason is that dollar based global economy is now shrinking. The US could issue as much currency as it wanted as long as the dollar was the global reserve, that now changing with trade increasingly happening outside the dollar.

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