man it doesn't matter how much you scream it from the rooftops, people will never get it
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There are those of us who don't believe lies. Sorry that you are a dupe.
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1. Gov interest spend is private sector *income* just like Social Security checks. 2. Gov sets its own interest rate and can set it near zero. See Japan. 3. Interest spend is done like any other: with a keyboard. Last year 90 *Trillion* in Treasuries came due
, zero issues.
pic.twitter.com/ydb5gl0bof
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Well, there's also inequality concerns, right? If "we" owe money to "ourselves" but "ourselves" are largely very wealthy people, does that transfer ownership more towards the wealthy? Of course, if the debt is used to finance the right things, then it's just working as intended.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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So am I right in understanding that our debt is simultaneously our asset (genuine, not snarky, question)?
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Debt is money we are stealing from the rest of the world so we can live an overconsumptive lifestyle
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We are stealing dollars from other nations?

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More accurately, debt is money we owe to the rich among ourselves. I don't own a portfolio of US Treasury bonds.
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The Chinese are huge Treasury holders. Sooo...
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