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Passages

(1,028 posts)
Fri Nov 15, 2024, 10:40 AM Friday

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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Silent Type

(6,652 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
Friday

bucolic_frolic

(46,970 posts)
2. Crypto Bros want to destroy the US dollar
Fri Nov 15, 2024, 10:44 AM
Friday

Eloon is the lead Bro. Make the dollar disappear and the debt is gone. Poof!

DBoon

(23,052 posts)
5. you can if you devalue the currency
Fri Nov 15, 2024, 11:13 AM
Friday

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

lastlib

(24,901 posts)
8. "Can't eliminate the interest payment on the federal debt"? Sure you can!
Fri Nov 15, 2024, 12:23 PM
Friday

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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