Elon Musk warns that the U.S. debt is growing unsustainable. He has criticized excessive spending and says crypto like Dogecoin could be a solution. I don't know where he's going with that idea though.
You are viewing a single comment's thread from:
Elon Musk warns that the U.S. debt is growing unsustainable. He has criticized excessive spending and says crypto like Dogecoin could be a solution. I don't know where he's going with that idea though.
It isnt the debt per se that is the problem. Actually, as long as someone keeps buying it, there is no issue. The global market uses US Treasuries like currency so what we are dealing with is money that we pay interest on.
The main problem is the servicing of the debt.
oh I see, so that only means if servicing is worked on US can maintain their debt strategy?