Who agrees with this ?

[the annoying thing]

The debt we are carrying at 32 trillion plus keeps going up year after year with no sign of stopping till we go bankrupt its need to be paid down .

 

[Boris Norris]

The debt we are carrying at 32 trillion plus keeps going up year after year with no sign of stopping till we go bankrupt its need to be paid down .

The country doesn't go bankrupt. You clearly don't understand how governments borrow money.
It will never be paid because there's no reason to.

 

[the annoying thing]

The country doesn't go bankrupt. You clearly don't understand how governments borrow money.
It will never be paid because there's no reason to.

Your a idiot a real lug nut if your stupid enough to say that

 

[Boris Norris]

Your a idiot a real lug nut if your stupid enough to say that

If im wrong, why hasn't it been paid before. With a deficit budget, where's the money coming from?

Again. You never mention about Trump increasing it by 7 trillion in 4 years but suddenly it's got Tobe paid because Biden is there.
Yet you think I can't see through that stupidity.

You're the idiot who said the govt charges the banks interest so it doesn't surprise me you know nothing about this.
Just a political opportunist as usual. No remedies, just criticise.

 

[the annoying thing]

If im wrong, why hasn't it been paid before. With a deficit budget, where's the money coming from?

Again. You never mention about Trump increasing it by 7 trillion in 4 years but suddenly it's got Tobe paid because Biden is there.
Yet you think I can't see through that stupidity.

You're the idiot who said the govt charges the banks interest so it doesn't surprise me you know nothing about this.
Just a political opportunist as usual. No remedies, just criticise.

No not suddenly lug nut I mentioned this before here and other forums for years.the federal reserve charges interest also.
But back to debt the government paid 231 billion on interest payments on debt per year. Or almost 1 trillion every 4 years. Boris that's a heap of cash that could be used to fund a lot of programs .such as improving our education and snap programs and police departments

 

[the annoying thing]

Now boris just agree with me and I will not make you look dumber.

 

[Boris Norris]

No not suddenly lug nut I mentioned this before here and other forums for years.the federal reserve charges interest also.
But back to debt the government paid 231 billion on interest payments on debt per year. Or almost 1 trillion every 4 years. Boris that's a heap of cash that could be used to fund a lot of programs .such as improving our education and snap programs and police departments

You originally stated the Fed charges the govt interest and that is wrong. You don't know how the system works so it's best you shut up.

In fact, the Fed pay interest to those who invest with them as this bit will show.

Federal Reserve Board - Interest on Reserve Balances

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Forget about trying to blame Biden for everything. You're wasting your time. Again, you said nothing when your mob was running it up.
You're a hypocrite of Olympic proportions.
Get some facts you *****.

 

[the annoying thing]

We really need to make a effort to have not only a balanced yearly budget with maybe a small amount put in a emergency fund that can be used if appropriate but some to pay off our debt.
The government doesn't mind asking us to cut back when prices go up and expenses come around that were unexpected but I think it's time for them to start cutting back also both Republican and Democrat

the

 

[the annoying thing]

Boris if you think the government has no oblation to pay back its debt your perhaps the biggest idiot and ***** on the planet

 

[the annoying thing]

Boris you claim your rich . did you get there going in debt several times your net income.
Also explain how we dont have to pay back that 32 trillion of debt . if that's true why are we paying 232 billion a year in intrest

 

[Boris Norris]

Boris you claim your rich . did you get there going in debt several times your net income.

No. I inherited wealth and added to it.

Also explain how we dont have to pay back that 32 trillion of debt . if that's true why are we paying 232 billion a year in intrest

The debt is purely printed money for which the govt gives bonds. No one has that amount of money to lend. The interest is fair enough but you will notice nothing is paid off the debt which will never be paid.
Just print more money and spray it around.

I know from my contacts in another country, they have 900 billion in debt but have 3 trillion in superannuation stacked away for when people retire. That's a nice bit of security.

FYI USA borrows 43000 per second from the Fed reserve.

Don't try to be clever by posing scenarios. You don't understand how it works so let it drop.
For a guy who professes to know all about it it, it's taking you a while to catch on.