- 18 Dec 2021 11:15
#15203508
Lurkers, please make a note of the fact, that not one person has come forward with a plan to pay *off* the US national debt.
I take this to mean that they can't think of a way to have a surplus and not destroy the economy.
I take that to mean that I'm right that it is impossible to pay-off the debt with a surplus. Flatly, impossible.
I take this to mean that the US will have to keep rolling the debt over forever.
MMTers assert that the US will never have to pay high interest rates on its bonds, because it can sell them to the Fed. or just spend dollars into the economy like Pres. Lincoln did.
I take this to mean the the US debt is not a debt, it is just assets of the people.
I take this to mean that they can't think of a way to have a surplus and not destroy the economy.
I take that to mean that I'm right that it is impossible to pay-off the debt with a surplus. Flatly, impossible.
I take this to mean that the US will have to keep rolling the debt over forever.
MMTers assert that the US will never have to pay high interest rates on its bonds, because it can sell them to the Fed. or just spend dollars into the economy like Pres. Lincoln did.
I take this to mean the the US debt is not a debt, it is just assets of the people.