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Started By
Message
Who receives the 800 billion interest on the national debt????
Posted on 10/1/23 at 12:55 pm
Posted on 10/1/23 at 12:55 pm
Why not just treat those folks to a haircut. It's done with student loans, ppp covid loans, bank bailouts,, international aid programs.
I do not see any downside
I do not see any downside
35
Posted on 10/1/23 at 12:56 pm to Trevaylin
China does.
ETA: also, that’s not how any of that works
ETA: also, that’s not how any of that works
This post was edited on 10/1/23 at 12:57 pm
Posted on 10/1/23 at 12:58 pm to Trevaylin
quote:
I do not see any downside
Other than worldwide banking collapse, famine, etc leading to WW3 yea I don't see any downside at all
Posted on 10/1/23 at 12:58 pm to Trevaylin
Do you even full faith and credit bro?
Posted on 10/1/23 at 1:00 pm to Jim Rockford
Far better to stiff China than to raise middle class tax rates
Posted on 10/1/23 at 1:00 pm to Trevaylin
quote:
Who receives the 800 billion interest on the national debt????
The people who hold treasury bonds
Posted on 10/1/23 at 1:00 pm to Trevaylin
Whomever holds US treasuries….so everybody ranging from foreign national banks to mutual funds to companies to banks with our money in savings and checking that they hold in treasuries.
Please tell me you don’t think this is like a mortgage or something.
Please tell me you don’t think this is like a mortgage or something.
Posted on 10/1/23 at 1:01 pm to Bayou_Tiger_225
quote:
ETA: also, that’s not how any of that works
Please explain
Posted on 10/1/23 at 1:02 pm to stout
Seems like an inevitability. I mean what happens when China calls in even a fraction of the debt? It's not getting paid.
Posted on 10/1/23 at 1:02 pm to Trevaylin
quote:
Far better to stiff China than to raise middle class tax rates
Posted on 10/1/23 at 1:02 pm to Trevaylin
Investors.
Posted on 10/1/23 at 1:03 pm to deltaland
I really do not know anyone that would hold treasury bonds, why should the middle class care
Posted on 10/1/23 at 1:03 pm to Trevaylin
quote:
I really do not know anyone that would hold treasury bonds,
Eta: I'm literally a bottom .500 IQ middle class idiot and even I purchase modest T bonds on treasury direct instead of having spare cash sitting in a checking from time to time
This post was edited on 10/1/23 at 1:07 pm
Posted on 10/1/23 at 1:04 pm to Trevaylin
You moron.
Sovereign debt isn’t like household debt. The US cannot go bankrupt due to its own obligations, to quote Alan Greenspan.
Sovereign debt isn’t like household debt. The US cannot go bankrupt due to its own obligations, to quote Alan Greenspan.
Posted on 10/1/23 at 1:04 pm to Trevaylin
Do you know how many regular Americans or their retirement funds are sitting on US debt?
Posted on 10/1/23 at 1:05 pm to Trevaylin
quote:
I really do not know anyone that would hold treasury bonds, why should the middle class care
Is this a troll?
Posted on 10/1/23 at 1:05 pm to Trevaylin
Just admit you have no idea about how any of this works.
Posted on 10/1/23 at 1:06 pm to Trevaylin
quote:
I really do not know anyone that would hold treasury bonds, why should the middle class care
Yeah, frick holding government paper thats yielding 5%.
Posted on 10/1/23 at 1:06 pm to fr33manator
quote:
mean what happens when China calls in even a fraction of the debt?
Do they not have to wait until maturity to "call in" the debt/bonds without penalties like everyone else?
Posted on 10/1/23 at 1:06 pm to Trevaylin
Mostly the American people.
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