re: Thoughts on returning money to taxpayers- “we aren’t in the business of giving out money”

Shut up you ignorant bitch

She makes AOC almost look like Elon (intellectually speaking).

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Use it to pay down the debt.

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People need to understand how our debt works. We don’t need a surplus to pay on principal. Just balance the budget and pay interest for 30 years, the outstanding treasury bonds will mature in that time frame and if you issue no more bonds in that time frame then it’ll be paid off. You don’t pay down the principal on the debt early like you can a bank loan because bond holders aren’t going to sell them back to the treasury before maturity. The only principal paid each year is for the bonds that are set to mature each year, which can be worked in the balanced budget.

This is why if you cut 2 trillion in spending to have a surplus, the surplus couldn’t pay down any additional debt. So refunding it to taxpayers makes sense. However if we cut say 500 billion and still run a deficit, refunding a percentage of that 500 billion makes no sense, as it will add back to the deficit

I’m going to go out on a limb and say she’s 100% for reperations

She’s even further left than AOC.

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At the end of the day, even if they gave the money back, it would all be moot because of this thing called inflation that occurs when you just hand everyone money.

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That money is already in play. New money raises inflation. This will actually act as a stimulus that's already paid for. Kinda no brainer. Six months after that we'll be roaring again.

I’d support paying down the debt with it because handing checks out to everyone sounds a lot like inflation - too many dollars chasing too few goods. I appreciate the sentiment, but just pay down the debt. We spend $1T per year in interest expense. Let’s get that down.

This stupid racist bitch's say is coming....
Believe that....

no how about we pay off the freaking debt. If we had no debt that $392 billion per year for interest could go a long ways

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We don’t need a surplus to pay on principal. Just balance the budget and pay interest for 30 years, the outstanding treasury bonds will mature in that time frame and if you issue no more bonds in that time frame then it’ll be paid off. You don’t pay down the principal on the debt early like you can a bank loan because bond holders aren’t going to sell them back to the treasury before maturity. The only principal paid each year is for the bonds that are set to mature each year, which can be worked in the balanced budget.

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All true, but if you eliminate $500 billion in illegal payments, you have to balance that with close to that amount of legal payments, otherwise the economy will see a huge reduction in money in circulation. This means that you don’t get $500 billion in deficit reduction to make your scenario play out. You can get there, but it will take several years.