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re: Who receives the 800 billion interest on the national debt????
Posted on 10/2/23 at 10:31 am to Trevaylin
Posted on 10/2/23 at 10:31 am to Trevaylin
When considering the Old Faithful sized fount of stupidity on display here, remember that these people have a vote that is equal to yours and they are voting, in part, on fiscal matters.
1
Posted on 10/2/23 at 10:33 am to Trevaylin
(no message)
This post was edited on 10/2/23 at 10:35 am
Posted on 10/2/23 at 10:36 am to HueyLongJr
Even if the US Govt were able to manage an orderly haircut without crashing the global financial system, their future borrowing costs would be so astronomical as to negate any savings resulting from the haircut.
Posted on 10/2/23 at 10:37 am to Trevaylin
A lot of it is owed to the federal reserve
Let that sink in
Let that sink in
Posted on 10/2/23 at 10:45 am to Trevaylin
Mostly US Citizens. That said, if you're curious who owns it outside of the US, take a look here -
Foreign Debt Holders
Foreign Debt Holders
Posted on 10/2/23 at 1:02 pm to Trevaylin
the Federal Reserve does
Posted on 10/2/23 at 2:04 pm to fr33manator
quote:
mean what happens when China calls in even a fraction of the debt?
frickers unleashed a biological weapon globally. They can get bent, eat shite, and like it.
Posted on 10/2/23 at 2:10 pm to SlidellCajun
quote:And whatever part of the interest paid to the Federal Reserve on the bonds its owns that exceeds the Fed's operational expenses are required by law to be rebated to the U.S. Treasury Department. The refund amount is audited by the independent Congressional Budget Office for accuracy.
A lot of it is owed to the federal reserve
Let that sink in
Let THAT sink in...
Posted on 10/2/23 at 2:31 pm to HueyLongJr
quote:Long discussion.
This would suggest that SS was solvent. Was not aware this was happening. Please cite?
To shorten it, SS at present is in the black. The SSTF is $2T in surplus, but intake is running at a ~20% shortfall. So the surplus is being depleted. Meanwhile, the 20% shortfall is stable, and intake is good for ~80% payout ad infinitum (for 75+yrs) in balance. At those levels, SS is more "solvent" than the rest of our government.
Politicians want SS to uniquely run in surplus. Why? Because the surplus is used as a cheap borrow to fund our deficits/debt. So they will push hard to ramp up contributions by 20% while they continue to spend like drunken sailors elsewhere.
Posted on 10/2/23 at 3:12 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
I really hope that was a troll, otherwise...
Posted on 10/3/23 at 1:00 am to AwgustaDawg
quote:
Who on the planet could possibly be interested in investing in a vehicle that carrys NO risk and pays 5%? No savvy investor for certain...they are calling the gold and silver investment offers on Fox News because they know what investing means. 5% return and no risk....who in their right mind would be interested in that???
I nominate this as the best post of this thread. I just bought some physical gold today!
This post was edited on 10/3/23 at 1:01 am
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