Unsustainable 'Tech' (Debt) Giants Rely on US Taxpayers for Bailouts and Subsidies
Debt giants or tech giants? In the past 6 months Oracle and Amazon alone borrowed over 100 billion dollars.
It is not a secret; official data shows that two so-called 'tech giants' borrowed 0.1 trillion dollars in the past half a year [1, 2]. That's just a pair of companies and just 6 months.
3 other 'tech giants' borrowed about 0.1 trillion dollars in a year. So what is going on? How can that be sustained? Can it be sustained? By enlarging the Pentagon budget while the nations becomes insolvent Cheeto creates a money flow to Google, Microsoft, Amazon, Nvidia, Oracle, OpenAI, and SpaceX.
Who foots the bill?
This is not how a democratic country with a so-called 'free market' is meant to run. Cheeto decides winners or losers by plundering the public and spoon-feeding his sponsors. This is blatant corruption.
This will not end well, either. In just 9 months the US national debt grew by 3 trillion dollars. That borrowed money didn't get allocated to helping working people, who got DOGE'd out of their jobs and saw their National Security and Social Security reduced to rubble. █