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RE: What debt ceiling 😂 Will the US default? No, money printer will go brrrr ...

in LeoFinance11 months ago

I agree with you that the US is unlikely to go bankrupt next week. The debt ceiling will likely be raised, and even if it isn't, the US government has other ways to raise money. However, I do think that the US is facing a serious fiscal problem. The national debt is now over $30 trillion, and it is growing at an unsustainable rate. If the US government does not take steps to reduce the debt, it will eventually become a major problem.