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Economy

lastlib

(25,100 posts)

8. "Can't eliminate the interest payment on the federal debt"? Sure you can!

Reply to Passages (Original post)

Fri Nov 15, 2024, 12:23 PM

Nov 15

All you gotta do is destroy the full faith & credit of the United States, throw the government into default. Quickest way in the world to wreck the US government--WHICH IS WHAT THEY'RE OUT TO DO! I DON'T put this past these futhermuckers. At. All. Wreck our credit standing, throw the entire global economy into chaos, global merkets into a downward tailspin, billionaires clean up, the rest of us are royally F*CKED. Oligarchs' wet dream.

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in2herbs Passages bronxiteforever

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Highlight:

Does @elonmusk understand that you can't eliminate interest payments on the debt [View all] Passages Nov 15 OP

Not a Musk fan, but the best way to eliminate interest payments is to borrow less. That requires increasing taxes. Silent Type Nov 15 #1

Musk does not want that, as I am sure you know. Passages Nov 15 #4

Or worse cutting spending IbogaProject Nov 15 #7

Crypto Bros want to destroy the US dollar bucolic_frolic Nov 15 #2

And so is the global financial market, replaced by untraceable crypto to fund more criminal rackets. Lonestarblue Nov 15 #6

Here's the chart dweller Nov 15 #3

you can if you devalue the currency DBoon Nov 15 #5

"Can't eliminate the interest payment on the federal debt"? Sure you can! lastlib Nov 15 #8