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A comment on USDC's Circle Moves $8.7B to Repo Agreements to Protect Reserves from US Default. Parent comment

Re:USDC's Circle Moves $8.7B to Repo Agreements to Protect R... by wpietri on Thursday May 18, 2023 @10:21AM (#35988344)
Do you mean balanced? The last time the US budget was in surplus was 2001.

But debt can be fiscally sound, as anybody with a mortgage knows.

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Re:USDC's Circle Moves $8.7B to Repo Agreements to Protect R... by flockonus on Thursday May 18, 2023 @01:45PM (#35991542)
A healthy mortgage (like any healthy debt) has the expectation of timely repayments and reduces over time. What we see here is the exact opposite to the point debtors are worried about interest default.
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