Sadly this isn't how monetary system works sir. US government finances are different than personal finances.
A reader asks, “Why should we worry about the national debt?” @BCAppelbaum considers the question: https://nyti.ms/2pZBu6K
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The US government has to spend money before it can collect taxes with that money. Think of a world with no US treasury bonds for a minute!
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@BCAppelbaum You forgot the generational equity issue, particularly if many of the country's creditors are foreign (as is true for the US).Thanks. Twitter will use this to make your timeline better. UndoUndo
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