The federal government is the source of dollars. Why does it need to borrow them?

[Street Juice]

Right now, about 23 cents of every federal dollar spent goes to pay interest incurred from borrowing. So, of that $6.13 trillion the federal government spent last year, about $1.41 trillion went “to interest.” And since we borrowed money to cover expenditures last year, we literally borrowed money to pay the interest on money we’d borrowed.

Interest is basically the cost of renting dollars. So why would the federal government need to rent dollars from someone else? The federal government is the source of dollars—not of wealth, but dollars. Why doesn’t the federal government just “print” enough dollars to cover the $6.13 trillion it spends? Why do we need to borrow dollars? And who are we borrowing them from, anyway?

The Grand Dispossession

Stripped of our wealth while funding our destruction plus the slaughter of children. On the up side, the Christian Zionists will be rewarded for their collaboration (but they have to wait until death)

craignelsen.substack.com

 

[jackflash]

Right now, about 23 cents of every federal dollar spent goes to pay interest incurred from borrowing. So, of that $6.13 trillion the federal government spent last year, about $1.41 trillion went “to interest.” And since we borrowed money to cover expenditures last year, we literally borrowed money to pay the interest on money we’d borrowed.

Interest is basically the cost of renting dollars. So why would the federal government need to rent dollars from someone else? The federal government is the source of dollars—not of wealth, but dollars. Why doesn’t the federal government just “print” enough dollars to cover the $6.13 trillion it spends? Why do we need to borrow dollars? And who are we borrowing them from, anyway?

The Grand Dispossession

Stripped of our wealth while funding our destruction plus the slaughter of children. On the up side, the Christian Zionists will be rewarded for their collaboration (but they have to wait until death)

craignelsen.substack.com

To keep the American constituency in debt(power & control) to them???

 

[Street Juice]

To keep the American constituency in debt(power & control) to them???

We are literally borrowing money to pay interest on money we've already borrowed.