The Derp
Gold Member
- Apr 12, 2017
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- #141
Lol. Theyre not even paying on it, just billions on the interest.
But when is the debt due? Personal debts come due at the time of the borrower's death. So since government isn't a person and doesn't "die", when does the debt have to be paid off?
And if your concern is really about the interest on the debt, why wouldn't you support moving the debt from Public Debt (where it incurs higher interest rates) to Intragovernmental Debt (where it incurs much lower interest rates because it's borrowing from ourselves)? Wouldn't that make sense to do if it resulted in less interest payments?