re: Interest on the debt is 60% of the Amount taken in by the Treasury in February

quote:

---

That ended in 1971.

---

Yep. The value of our money is based on its desirablability in international markets, our military not free to. maintain), and the governments ability to tax.

The last one is already showing signs of cracking. Mathematically any significant revenue harvesting would have to come from massive increases to the “middle” class. Thst’s already politically untenable. It will really become a political problem with double digit interest rates, AND the government skimming 40% off the top.