At some point, 100% of our taxes go to paying the INTEREST on the debt.
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But the Fed. Government can can also borrow from the Federal Reserve Bank to pay interest on the debt too. The Fed has never said “no”, and no Fed Chairman would ever be appointed who would say “no”. These contingents have been planned for and taken care of long ago. That affectively means the government only has to worry about inflation. One could add that they also have to worry about devaluing the dollar to the extent that no one would want it, but we are still light years from that scenario. When you have an internationally valued currency, that gives your government a lot of wiggle room to abuse its value. That’s why no one in either party seriously loses sleep at night when they pass huge spending bills over and over again.
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All the perverse money in the Swamp has been used, in part, to weaponize and politicize every single aspect of Govt.
The Fed, the SEC, the Banks, the Corps are all Political Weapons first and foremost. I would caution anyone believing they will make moves based on the what’s good for the country. Elections and approval ratings will come first.
Just like it was a Policy to let Covid get worse and panic people when it hurt Donald Trump. If you think you can predict what the Fed is going to do, please study Anthony Fauci and his FBi awards.