That's actually a popular opinion. Wrong, but popular. 900B to 1 trillion per year in interest payments annually is a huge problem, and a reason why our country fracturing more and more. Instead of spending 1T on homeless or food, courts, whatever, it goes to pay other countries back, pensions, hedge funds, and more thst own our debts. The debt and debt service is exponemtial, and unsustainable, and we are all paying the inflation tax because of it.

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nobody 2 years ago
Just to steelman, do you think people were saying a 10 trillion dollar debt was unsustainable as well? What about 15, 20, 25, 30? Eventually it will be, the point is, I don’t think anyone has a clue when the hammer will drop
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Jose Sammut 2 years ago
Most of that money goes back to the FED, and America is collecting more interest than it is paying out.