Economy

Passages

(1,430 posts) Fri Nov 15, 2024, 10:40 AM Nov 15

Does @elonmusk understand that you can't eliminate interest payments on the debt

Jeff Stein
@JStein_WaPo

I love ~75% of the "waste" identified here comes from interest payments on the debt. Does
@elonmusk understand that you can't eliminate interest payments on the debt unless you do something about the reason those interest payments exist? Is there a plan to change bond markets?

Link to tweet

Unreal, Musk and his PAC

8 replies

= new reply since forum marked as read

Highlight:

Does @elonmusk understand that you can't eliminate interest payments on the debt (Original Post) Passages Nov 15 OP

Not a Musk fan, but the best way to eliminate interest payments is to borrow less. That requires increasing taxes. Silent Type Nov 15 #1

Musk does not want that, as I am sure you know. Passages Nov 15 #4

Or worse cutting spending IbogaProject Nov 15 #7

Crypto Bros want to destroy the US dollar bucolic_frolic Nov 15 #2

And so is the global financial market, replaced by untraceable crypto to fund more criminal rackets. Lonestarblue Nov 15 #6

Here's the chart dweller Nov 15 #3

you can if you devalue the currency DBoon Nov 15 #5

"Can't eliminate the interest payment on the federal debt"? Sure you can! lastlib Nov 15 #8

Silent Type

(7,324 posts)

1. Not a Musk fan, but the best way to eliminate interest payments is to borrow less. That requires increasing taxes.

Reply to Passages (Original post)

Fri Nov 15, 2024, 10:44 AM

Nov 15

Passages

(1,430 posts)

4. Musk does not want that, as I am sure you know.

Reply to Silent Type (Reply #1)

Fri Nov 15, 2024, 10:53 AM

Nov 15

IbogaProject

(3,774 posts)

7. Or worse cutting spending

Reply to Silent Type (Reply #1)

Fri Nov 15, 2024, 12:22 PM

Nov 15

Catch is that alters the economy downstream.

bucolic_frolic

(47,572 posts)

2. Crypto Bros want to destroy the US dollar

Reply to Passages (Original post)

Fri Nov 15, 2024, 10:44 AM

Nov 15

Eloon is the lead Bro. Make the dollar disappear and the debt is gone. Poof!

Lonestarblue

(11,982 posts)

6. And so is the global financial market, replaced by untraceable crypto to fund more criminal rackets.

Reply to bucolic_frolic (Reply #2)

Fri Nov 15, 2024, 11:25 AM

Nov 15

dweller

(25,242 posts)

3. Here's the chart

Reply to Passages (Original post)

Fri Nov 15, 2024, 10:47 AM

Nov 15

You don’t want analyzed Leon

https://subsidytracker.goodjobsfirst.org/parent-totals

✌🏻

DBoon

(23,170 posts)

5. you can if you devalue the currency

Reply to Passages (Original post)

Fri Nov 15, 2024, 11:13 AM

Nov 15

high inflation means you pay back in worthless dollars
i suspect this is the plan

lastlib

(24,986 posts)

8. "Can't eliminate the interest payment on the federal debt"? Sure you can!

Reply to Passages (Original post)

Fri Nov 15, 2024, 12:23 PM

Nov 15

All you gotta do is destroy the full faith & credit of the United States, throw the government into default. Quickest way in the world to wreck the US government--WHICH IS WHAT THEY'RE OUT TO DO! I DON'T put this past these futhermuckers. At. All. Wreck our credit standing, throw the entire global economy into chaos, global merkets into a downward tailspin, billionaires clean up, the rest of us are royally F*CKED. Oligarchs' wet dream.

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