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To: AirForceVet1988

To pay off the federal debt in half a century will require slashing spending NOW by 50%.

That not happening, keep a very close eye on ratio of debt service to revenue. That’s already dangerously high, and rising between inflation and ever-increasing spending.

Some people with very deep pockets have an interest in keeping the fedgov in debt, to receive consistent large interest payments. They have influence to ensure the debt is never paid off ... problem is, if debt service approaches 100% of revenue (and likely a much smaller fraction, I’m still grasping it), default is inevitable.


8 posted on 01/31/2023 7:52:01 PM PST by ctdonath2 (Statistics don't matter when they happen to you.)
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To: ctdonath2

default is inevitable.


Nothing changes till the money runs out.

In our lifetime, we have witnessed a major world power go bankrupt.


19 posted on 02/01/2023 7:30:03 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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