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To: entropy12
Every bond is paid back with interest and principle. The Treasury just issues new bonds to pay maturing bonds.

Exactly what I've been saying - perhaps we are in violent agreement. Paying a bond's principle back with a new bond is just replacing a debt with another debt.

25 posted on 01/28/2023 9:58:05 AM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: C210N

Except you forgot one important difference.

The new bonds being issued to pay for the old bonds require double or triple interest rates than bonds sold in 2022. This is because FED has jacked up federal funds rates to address inflation problem. Which means national debt will grow faster.

Do you really want USA to become another Argentina or Zimbabwe or Weimar Republic or Venezuela? Maybe you are old, and you do not care. But what about the young Americans who will face catastrophic financial situation?

My guess is you either not care about the young generation or you are blissfully ignorant.


33 posted on 01/28/2023 11:16:17 AM PST by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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