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Passages

(3,986 posts)
Fri Nov 15, 2024, 10:40 AM Nov 2024

Does @elonmusk understand that you can't eliminate interest payments on the debt

Jeff Stein
@JStein_WaPo

I love ~75% of the "waste" identified here comes from interest payments on the debt. Does
@elonmusk understand that you can't eliminate interest payments on the debt unless you do something about the reason those interest payments exist? Is there a plan to change bond markets?







Unreal, Musk and his PAC
8 replies = new reply since forum marked as read
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Does @elonmusk understand that you can't eliminate interest payments on the debt (Original Post) Passages Nov 2024 OP
Not a Musk fan, but the best way to eliminate interest payments is to borrow less. That requires increasing taxes. Silent Type Nov 2024 #1
Musk does not want that, as I am sure you know. Passages Nov 2024 #4
Or worse cutting spending IbogaProject Nov 2024 #7
Crypto Bros want to destroy the US dollar bucolic_frolic Nov 2024 #2
And so is the global financial market, replaced by untraceable crypto to fund more criminal rackets. Lonestarblue Nov 2024 #6
Here's the chart dweller Nov 2024 #3
you can if you devalue the currency DBoon Nov 2024 #5
"Can't eliminate the interest payment on the federal debt"? Sure you can! lastlib Nov 2024 #8
 

Silent Type

(12,412 posts)
1. Not a Musk fan, but the best way to eliminate interest payments is to borrow less. That requires increasing taxes.
Fri Nov 15, 2024, 10:44 AM
Nov 2024

DBoon

(24,822 posts)
5. you can if you devalue the currency
Fri Nov 15, 2024, 11:13 AM
Nov 2024

high inflation means you pay back in worthless dollars
i suspect this is the plan

lastlib

(27,785 posts)
8. "Can't eliminate the interest payment on the federal debt"? Sure you can!
Fri Nov 15, 2024, 12:23 PM
Nov 2024

All you gotta do is destroy the full faith & credit of the United States, throw the government into default. Quickest way in the world to wreck the US government--WHICH IS WHAT THEY'RE OUT TO DO! I DON'T put this past these futhermuckers. At. All. Wreck our credit standing, throw the entire global economy into chaos, global merkets into a downward tailspin, billionaires clean up, the rest of us are royally F*CKED. Oligarchs' wet dream.

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