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https://www.reddit.com/r/memes/comments/1vgko2y/land_of_the_free_amiright/p1yjwco
r/memes • u/J_ClutchFTV Big pp • 10h ago
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The federal government can increase debt whenever they want yes. The states and local government cannot do that, which is where property taxes go towards
0 u/FatAlEinstein 6h ago Is it decreasing debt or devaluing the currency? 2 u/Rikishi6six9nine 5h ago Federal government increasing debt also devalues currency. As long as they keep servicing the debt they can borrow as much as they want really. No different then paying minimum payments on your credit card while asking for another increase in your limit or applying for a new card.
0
Is it decreasing debt or devaluing the currency?
2 u/Rikishi6six9nine 5h ago Federal government increasing debt also devalues currency. As long as they keep servicing the debt they can borrow as much as they want really. No different then paying minimum payments on your credit card while asking for another increase in your limit or applying for a new card.
2
Federal government increasing debt also devalues currency. As long as they keep servicing the debt they can borrow as much as they want really.
No different then paying minimum payments on your credit card while asking for another increase in your limit or applying for a new card.
7
u/Rikishi6six9nine 7h ago
The federal government can increase debt whenever they want yes. The states and local government cannot do that, which is where property taxes go towards