Let’s see...
2.2 trillion dollars.
If we used that money to pay down the national debt... of some $23 trillion dollars...
We’d have a new national debt of about $21 trillion dollars.
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(Yeah: fuzzy math).
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If we were to create another stimulus program... for ... say... $21 trillion dollars....
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and we used it to pay down the national debt...
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We’d wipe out the national debt.
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Tell that to the democrats, who’ll jump on the idea.
“Let’s see...
2.2 trillion dollars.
If we used that money to pay down the national debt... “
Yeah, that’s the ticket!
Mebbe do the 10% banking leverage thingy and . . . whammo!
ya got 22 tril-lee-onnnnnn to pay off that national nut.
It’s all good. Goobermint schooled usin goobermint math
/s
“If we used that money to pay down the national debt” .
That’s exactly what that money will be doing. While you were watching covid 19 news Trump was nationalizing the Federal Reserve. It is being merged with the US Treasury Dept soon to be deceased. While everyone is out looking for TP Trump is getting rid of the Fed.
That $2 trillion is being issued at zero interest. It carries no debt. Those equity dollars will go into circulation and begin to pay off the old dollars that are in circulation that do carry debt.