To: tired&retired
We cannot tax enough to pay the interest on the debt.
But it's not enough to pay just interest on the debt. When a t-bill matures, the creditor must be paid in full (principle + interest). All the debt must be paid back, or else there's a default.
The solution will be for the Federal Reserve to print money to pay creditors. That process began in 2009 and accelerated in 2020. Take a look at the Fed's M1 and M2 charts. We're in the beginning of the end.
To: Right_Wing_Madman
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation".
-Vladimir Lenin
19 posted on
12/19/2022 6:11:02 AM PST by
Theoria
To: Right_Wing_Madman
Totally agree with everything you said.
Add to your comment... “and the more they print money, the higher the inflation, and the higher the intetest on the debt.”
It’s a spiral
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson