Downsizing Debt
Tue, 02/25/2025 - 10:17pm
Interest payments on the national debt now cost the government more each year than the entire defense budget. At the same time, our debt is rising by more than two trillion dollars a year. As it goes up, our credit rating goes down. The more our rating decreases, the higher interest rates climb. What happens when interest consumes every dollar paid in taxes? When that happens, the government cranks up the presses and prints tons of fiat (fake) money. That, in turn, causes inflation to go through the roof and consume the value of all our savings. At that point, the government can then pay down the national debt with worthless money (and in the process destroy all bond holders while the entire economy crashes and burns).