☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 9 months 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-square50linkfedilinkarrow-up1130arrow-down10cross-posted to: [email protected][email protected][email protected][email protected]
arrow-up1130arrow-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 · 9 months agomessage-square50linkfedilinkcross-posted to: [email protected][email protected][email protected][email protected]
minus-square☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOPlinkfedilinkEnglisharrow-up12·9 months 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-up6·9 months agoOh okay
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