As Donald Trump cheered the passage of his self-styled, and officially named, Big Beautiful Budget Bill through Congress this week, long-sown seeds of doubt about the scale and sustainability of US borrowing from the rest of the world sprouted anew.

Trump’s tax-cutting budget bill is expected to add at least $3 trillion (£2.2 trillion) to the US’s already eye-watering $37tn (£27tn) debt pile. There is no shortage of critics of the plan, not least Trump’s former ally Elon Musk, who has called it a “disgusting abomination”.

The growing debt pile leaves some to wonder whether there is a limit to how much the rest of the world will lend Uncle Sam.

  • shortwavesurfer@lemmy.zip
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    5 days ago

    I have lost all faith in fiat currency, and so I only now hold Goldbacks and Monero. If I need fiat currency to pay for something, I can easily get it using one of those two currencies that are stronger.

    Edit: pretty sure i struck a nerve. After all, how dare slaves have thoughts of their own