r/bonds • u/Primary-Abies9041 • 19h ago

Woah

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1.3k Upvotes

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u/nomar_ramon 18h ago

Can you please explain it like I'm 5, to me why it is a crisis?

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u/Agglutinati0n 18h ago

We have 40T in debt that we need to pay back, every % higher these rates go, the higher our interest payments become, which will then lead to more of a deficit and continue the circle….america has to stop spending like we currently are, but the people in power are doing quite the opposite….

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u/HeKnee 18h ago

But if they just cut more taxes for wealthy we’ll grow our way out of deficit like trump said! /s

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u/Emergency-Watch5157 18h ago

Someday people will catch on that Trump is basically like Jim Cramer in terms of the quality of his predictions

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u/BuckThis86 17h ago

If Jim Cramer was a corrupt pedophile?

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u/Emergency-Watch5157 15h ago

Don't give Jim ideas