These things will, working 24 hours a day without breaks or sleep. The bigger question is what will half the people do for jobs?
Who’s going to pay the interest?
>>>Who’s going to pay the interest?
On the short end at the moment, the lender pays.
These things will, working 24 hours a day without breaks or sleep. The bigger question is what will half the people do for jobs?
Well, think on this.
The President persuaded the fed to lower interest rates to 0% or near 0%. The fed can now float bonds at near 0% interest and use that money to retire existing bonds with a higher, real rate.
The end result is federal debt at no interest.
If there is no interest then the budget deficit due to debt interest goes to $0
Now, is that a deal or what?