Nope. That's just printing money. The so-called debt is void.
When a bond is issued, it is to someone willing to buy it and take on loaning the government money. They expect to be paid back, with interest, for taking that risk.
Inversion fallacy.
Which is what they are doing. They are printing money faster than wealth being created, and paying off their loans with money that is worth less than it was before. It is theft.
WRONG. I is NOT a bottomless demand by any means.
There comes a point where people are not going to buy bonds anymore, because they only get paid back with funny money. The result is a debt crash. We've had them before.
There comes a point where the money being printed is simply not worth anything significant anymore. This is called a cash crash. This has already happened to Mexico, Brazil, Germany, Greece, Italy, and many other countries. It can happen to the federal government too.
The only other way for a government to raise money is to tax for it. There comes a time when people revolt against the taxes. That HAS happened in this country, the UK, France, etc. This is called a tax crash.
The federal government is broke. We are headed for cash crash. People are already looking around for another currency.
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
Then you have no reason to expect that Trump will show you HIS taxes. Since you assume that someone that doesn't show you their taxes is automatically guilty of something, I will turn the tables on YOU. You must be guilty of something, since you do not want to show me your taxes.
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
Like the border wall?
It is of value if the spending actually produces it. When the military wants to close down obsolete bases and we keep them open that is not "investing" in defense. When doctors, dentists, and other providers scam Medicare charging for care never delivered that is not "investing" in healthcare. If we give education grants to students who never attend class or make any progress that is not an "investment" in education. It is wasteful spending or fraud that people should not be taxed to pay for.
Thanks for all the posts everyone, but to keep it going I need to respond and there is nothing to respond to so , you are more then welcome to stay but I'm Moving on. Again thanks.
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
Bookmarks