☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 8 days agoMoody's downgraded the United Sates' credit rating for the first time in history citing unsustainable path for US federal debt and its resulting interest burden.www.reuters.comexternal-linkmessage-square53linkfedilinkarrow-up1130arrow-down10cross-posted to: world@quokk.auFuckTheUSA@lemmy.causa@midwest.socialusa@lemmy.mlus_news@lemmygrad.ml
arrow-up1130arrow-down1external-linkMoody's downgraded the United Sates' credit rating for the first time in history citing unsustainable path for US federal debt and its resulting interest burden.www.reuters.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 8 days agomessage-square53linkfedilinkcross-posted to: world@quokk.auFuckTheUSA@lemmy.causa@midwest.socialusa@lemmy.mlus_news@lemmygrad.ml
minus-square☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOPlinkfedilinkEnglisharrow-up12·7 days agoIn practical terms it means that higher percentage of the budget will be allocated to paying interest leaving a smaller operational budget for productive uses.
minus-squareSkingradGuard [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up6·7 days agoOh okay
In practical terms it means that higher percentage of the budget will be allocated to paying interest leaving a smaller operational budget for productive uses.
Oh okay