this post was submitted on 05 Jul 2025
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Not often I agree with wrestlers. He's also clapping back at all the supporters from the top rope (discuss.online)
submitted 2 days ago by bytesonbike@discuss.online to c/whitepeopletwitter@sh.itjust.works
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https://xcancel.com/RealKevinNash/status/1941217040901222518#m

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[–] konki@lemmy.one 4 points 2 days ago (3 children)

I just want to point out that the debt itself is not an issue. The problem with this bill is its cuts in welfare and horrible distributional consequences, but the increased deficit and debt are not.

[–] timbuck2themoon@sh.itjust.works 2 points 17 hours ago (1 children)

I mean... It can be both.

[–] konki@lemmy.one 1 points 14 hours ago* (last edited 14 hours ago) (1 children)

It could, but it isn't. The US national debt is solely denominated in US dollars: A currency of which the US government is the monopoly issuer. Thus the US government cannot run out of money to pay its obligations.

[–] timbuck2themoon@sh.itjust.works 1 points 2 hours ago

Except that leads to inflation, which is a huge deal.

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