YoBuckStopsHere@lemmy.world to politics @lemmy.worldEnglish · 1 year agoRepublican Chaos Is to Blame for the Fitch Downgradenewrepublic.comexternal-linkmessage-square31fedilinkarrow-up1214
arrow-up1214external-linkRepublican Chaos Is to Blame for the Fitch Downgradenewrepublic.comYoBuckStopsHere@lemmy.world to politics @lemmy.worldEnglish · 1 year agomessage-square31fedilink
minus-squaretreefrog@lemm.eelinkfedilinkarrow-up10·1 year agoThis rating going down makes the dollar weaker. Meaning we have to pay more, because the dollar is worth less internationally, to pay the national debt back. In other words, the ‘pro-economy republicans’ that stormed the capitol just increased the national debt by about 45 billion a year.
minus-squareZzyzxRoad@lemm.eelinkfedilinkarrow-up8·1 year ago just increased the national debt by about 45 billion a year. But helping student loan borrowers would have cost too much. For fuck’s sake.
This rating going down makes the dollar weaker.
Meaning we have to pay more, because the dollar is worth less internationally, to pay the national debt back.
In other words, the ‘pro-economy republicans’ that stormed the capitol just increased the national debt by about 45 billion a year.
But helping student loan borrowers would have cost too much. For fuck’s sake.