Street Juice
Platinum Member
- Thread starter
- #21
There's no deadline to repay the debt, because the whole point is the interest -- $1.4 trillion last year. Yes, we borrowed money to pay interest on money we borrowed.You better hope you are dead and gone when the deadline to repay this debt. comes along.... every dollar the government prints must be borrowed from someone or someplace....
It would be better if the government did print the money to cover the deficit instead of "borrowing" it. Then at least we wouldn't be transferring our wealth to the international banksters through interest payments.