quote:

Originally posted by theback40:
In another thread I joked the US would make China broke, just like us, between borrowing from them, and they supporting Russia.
It got me to wondering.
China and Japan own about a trillion each in treasury notes. Just as we print money with nothing to back it...... Doesnt China have the ability to do the same? Couldnt they, or any other country, print money to buy treasury notes?
It seems like global debt in general could all be one big ponzi scheme.
Not my area of expertise, just curious.

quote:

Originally posted by ANTELOPEDUNDEE:
Servicing the debt could be a real problem as interest rates are raised.

https://theconversation.com/us...s-to-the-cost-198280

I don't know if funds borrowed from SS are at a fixed rate in effect at the time it was borrowed, or if money paid back is credited first to the account having having the highest rate.

It's appalling that the Gov has to borrow money in order to fund the 2017 tax cut because it does't generate enough replacement revenue to pay for itself.

quote:

Originally posted by Grizzly Adams1:

quote:

Originally posted by ANTELOPEDUNDEE:
Servicing the debt could be a real problem as interest rates are raised.

https://theconversation.com/us...s-to-the-cost-198280

I don't know if funds borrowed from SS are at a fixed rate in effect at the time it was borrowed, or if money paid back is credited first to the account having having the highest rate.

It's appalling that the Gov has to borrow money in order to fund the 2017 tax cut because it does't generate enough replacement revenue to pay for itself.

One has to believe that at some point the shit is going to hit the fan, can't keep this charade up for ever.

Grizz

quote:

Originally posted by ANTELOPEDUNDEE:

It's appalling that the Gov has to borrow money in order to fund the 2017 tax cut because it does't generate enough replacement revenue to pay for itself.