☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 3 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-up1112arrow-down10
arrow-up1112arrow-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 · 3 days agomessage-square53linkfedilink
minus-squareSkingradGuard [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up13·3 days agoThis doesn’t really mean anything does it
minus-square☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOPlinkfedilinkEnglisharrow-up11·3 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-up6·3 days agoOh okay
This doesn’t really mean anything does it
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