If it needs bailing out, it is not too big to fail.
this post was submitted on 05 Jan 2024
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Then it needs to he nationalized if it fails.
Yeah, gonna agree with this one 100%. That shit's dumb.
If governments had paid to cover mortgages instead of just hand outs to major corporations the GFC would not have been so bad.
How about we stop spending so much money. The US is already in $36 Trillion dollars of dept.
That debt means nothing on its own. Correctly managed debt is a great way to earn a lot of money.
Government debt is not the same as individual or corporate debt. Most of the US's debt comes in the form of issuing Treasury Bonds, and most of the debt is owed to the American people. The US also controls its own money supply in which that debt is denominated.
Also, spending is only part of why debt goes up. A huge portion of the US debt has been created through tax cuts, e.g. the $1.5 trillion Ryan-Trump tax cut for high earners early in Trump's presidency
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