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re: Who receives the 800 billion interest on the national debt????
Posted on 10/1/23 at 3:55 pm to Trevaylin
Posted on 10/1/23 at 3:55 pm to Trevaylin
Give every adult in the US a million dollars. Wouldn’t cost much compared to Ukrainian aid. It would help many people and stimulate the economy …. No brainer 
5
Posted on 10/1/23 at 4:06 pm to Bear88
quote:
Give every adult in the US a million dollars. Wouldn’t cost much compared to Ukrainian aid
I don’t think we’ve sent Ukrainian anywhere near 334 trillion dollars.
Posted on 10/1/23 at 4:12 pm to billjamin
quote:
don’t think we’ve sent Ukrainian anywhere near 334 trillion dollars.
Well there are 330 MILLION people in the US.. not all are adults . Would be a lot cheaper
Posted on 10/1/23 at 4:33 pm to Bear88
quote:
Give every adult in the US a million dollars. Wouldn’t cost much compared to Ukrainian aid. It would help many people and stimulate the economy …. No brainer
Would be a good method of thinning the herd. Many of you goofballs would blow it all on booze, bitches and blow and then turn to the hard stuff because you were having so much fun.
Posted on 10/1/23 at 4:40 pm to Trevaylin
quote:
Who receives the 800 billion interest on the national debt????
Rhymes with whose
Posted on 10/1/23 at 4:43 pm to Trevaylin
Uh, they are getting a haircut. If you bought long term Treasuries a couple of years ago, your investment has lost half its value.
Posted on 10/1/23 at 4:54 pm to ImaObserver
quote:
Would be a good method of thinning the herd. Many of you goofballs would blow it all on booze, bitches and blow and then turn to the hard stuff because you were having so much fun.
At 53 yo I can assure you that won’t be me
This post was edited on 10/1/23 at 4:56 pm
Posted on 10/1/23 at 4:58 pm to Trevaylin
quote:
I do not see any downside
I see you have not been aware of global markets in the past 150 years.
After WWII we cemented as the world currency and the conversion from gold dollars to petrol dollars made Uncle Sam's GreenBacks the defacto global exchange currency.
Idiots in Congress want to make an mountain out of a molehill while sinking the rep of USD's in the world.
Posted on 10/1/23 at 5:02 pm to Bear88
quote:
Give every adult in the US a million dollars. Wouldn’t cost much compared to Ukrainian aid. It would help many people and stimulate the economy …. No brainer
They gave everyone thousands in covid handouts and it caused crazy inflation. Imagine a million.
Posted on 10/1/23 at 5:02 pm to Bear88
quote:
Give every adult in the US a million dollars. Wouldn’t cost much compared to Ukrainian aid. It would help many people and stimulate the economy …. No brainer
Posted on 10/1/23 at 5:11 pm to Trevaylin
quote:
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
Every holder of US bonds the most of which are US retirees and financial institutions like pension funds, can you now see the downside?
Posted on 10/1/23 at 5:12 pm to Trevaylin
Every time a semi or more serious topic comes up on tOT I lose all intellectual respect for at least one poster.
Posted on 10/1/23 at 5:16 pm to Obtuse1
And to think that these people vote.
Posted on 10/1/23 at 5:22 pm to Trevaylin
quote:Anyone who purchased treasury bonds - so other countries, pensions, 401ks, individuals, etc...damn near everyone on the planet owns US debt in some fashion
Who receives the 800 billion interest on the national debt????
Posted on 10/1/23 at 5:24 pm to Trevaylin
quote:You sir are a dumbass.
I really do not know anyone that would hold treasury bonds, why should the middle class care
Posted on 10/1/23 at 5:25 pm to Trevaylin
quote:
I really do not know anyone that would hold treasury bonds, why should the middle class care
This might be a “Top 10 Dumbest Things I’ve Read On Tigerdroppings”
Posted on 10/1/23 at 5:36 pm to Trevaylin
quote:I'm going to go out on a limb and say you don't have even the slightest understanding what makes up the "national debt" and how treasury securities work.
Who receives the 800 billion interest on the national debt????
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
Posted on 10/1/23 at 5:36 pm to Trevaylin
quote:
Why not just treat those folks to a haircut.
Because the government could never sell another T-Bill if they did that.
Posted on 10/1/23 at 5:53 pm to fr33manator
quote:
Seems like an inevitability. I mean what happens when China calls in even a fraction of the debt? It's not getting paid.
Tell them to come get it.
Posted on 10/1/23 at 6:01 pm to Bayou_Tiger_225
quote:
China does.
Not true. China inst even the biggest foreign debt holder. They are
Americans own the overwhelming majority of that debt
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