National Debt

[P F Tinmore]

The Debt Limit (i think you mean ceiling) stops the government printing money.

Dollar Scholar Asks: Why Can't the Government Just Print More Money?

Seems like an easy fix to the debt ceiling problem.

money.com

The government does not print money. It can but it doesn't. Instead it borrows it.

That is my point. Why does it do that when it can print its own without cost.

 

[CrusaderFrank]

The constitution gives congress the authority to create our own money. This is at no cost. There is no money to pay back and no interest to pay.

So then, why do we borrow money to be repaid with interest?

exactly!

 

[CrusaderFrank]

"Economics has always been a mystery to me." -Henry Kissinger

progressive motto

 

[CrusaderFrank]

Who would receive the interest payments on debt issued by the US Treasury??

 

[Woodznutz]

The government does not print money. It can but it doesn't. Instead it borrows it.

That is my point. Why does it do that when it can print its own without cost.

Didn't Lincoln ask the same question?

 

[Woodznutz]

Trump is no different than other real estate investors. You want all the leverage you can get, then you depend on appreciation for profit, or for more leverage.

 

[GHook20]

The constitution gives congress the authority to create our own money. This is at no cost. There is no money to pay back and no interest to pay.

So then, why do we borrow money to be repaid with interest?

Wow you are so stupid! Not even worthy of a response!