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Joined 2 years ago
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Cake day: July 13th, 2023

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  • If the government just prints a bunch of money to pay off their debit then each dollar is worth less than before. Plenty of countries have done it and almost always results in hyperinflation. The simple way to understand this is say, everyone has a dollar so very few things will cost more than a dollar, but if you started handing everyone $100 bills then people will see the value of a single dollar as being lower and start charging more for their goods and services. There are other things that go into hyperinflation but this is the explain like I’m 5 answer.

    Now the government is basically paying its bills with a credit card and businesses and other countries own the debt betting that the US will keep paying towards its debt plus interest. If the government stops paying then fewer countries and businesses will be willing to offer credit. And once you run out credit then you have to start printing more money instead of adding more debt.




  • There are 4 people in the FCC that get to vote on policy, 2 democrats and 2 republican. The republican ones are just Comcast and att lobbyist. The democrats don’t suck but can’t do anything without a third vote. The president gets to appointment someone to be a tie breaker, but Biden didn’t do it until after midterm so they no longer had the votes to get her approved, and by the time the current one gets through the next election will be happening so nothing will get done. If Biden wins another FCC voter will have to step down and wait for Biden to pick a replacement and Congress gets to approve or Biden losses and the republican appoints another lobbyist.

    So no nothing will be done.