Incisor
Banned
- Joined
- Oct 5, 2016
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- Undisclosed
The backbone to all of this are loans. Loans expand the money supply, which allows The Fed to make the money that it does, allows the private sector to buy treasuries (the vast majority of national debt is owned by the private sector), which ultimately allows The Treasury to continue printing treasuries which are bought, which ultimately is deficit spent, putting money into the economy. This raises reserves, which allows for more lending, and the cycle continues.
The concern shouldn't be on whether or not your tax money is paying off debt. That isn't a big deal. You should be concerned where all of this spending is occurring. For example, we have spent 4 - 6 trillion dollars on the Middle East. We have spent 2 trillion dollars on a fleet, a single fleet of planes. Nearly 1 trillion dollars on a destroyer, not an aircraft carrier. Yet when Obama suggests a stimulus to fix our infrastructure, people are like he's an idiot. When he announces he could make University free for all, for 80 billion dollars over 10 years or 8 billion dollars a year! It makes no sense.
It isn't the interest you should be concerned about. It is how the powers at be are spending all of the deficit spending. It seems we like to kill people more than rather help people in this country.
This post keeps it 100!