Maya MacGuineas, president of the Committee for a Responsible Federal Budget, called on lawmakers to “ultimately fix the broken process that got us into this mess.”
Every country is in debt and these bills will never be paid. Kind of like how rich people own assets, real estate, stock that define their wealth, but hold little actual money and owe lots. They get spending money via loans.
They do pay these debts. That’s exactly what this article is pointing out. We are spending this money on debt rather than something beneficial to citizens. Yes, we print our own money but we still have to pay our debts.
Every country is in debt and these bills will never be paid. Kind of like how rich people own assets, real estate, stock that define their wealth, but hold little actual money and owe lots. They get spending money via loans.
They do pay these debts. That’s exactly what this article is pointing out. We are spending this money on debt rather than something beneficial to citizens. Yes, we print our own money but we still have to pay our debts.
No it’s the interest if the debt they are paying 88billion for. Not the debt itself. So the debt isn’t actually being paid off.
Treasuries have a limited lifetime, and then are repaid. They are expiring all the time, and they are being repaid.