> Won’t be paying back a plug nickle of it. <
Eventually the interest alone on that debt will be greater than all the discretionary money the Federal government has available. It’s inevitable. Then what?
I can’t see them repudiating that debt. So I’m guessing they will do what the Weimar Republic did: fire up the printing presses, and pay their bills with wildly inflated paper currency.
Given that Congress has no interest in spending responsibly, that will be their only option.
As a side note, if interest rates rise, that day of reckoning will come sooner. That’s probably one reason the Fed is reluctant to raise rates.
Nope - we just borrow more to fund our programs, as we've been doing. It's been working that way for 100 years, and could in-theory continue. ALL our 1030 money is paid to the FED by the IRS for the "privilege" of borrowing more.
But, then there is NESARA, to pull us out of this insanity.
Ooops.... 1030 = 1040, of course.