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Passages

(2,453 posts)
Fri Nov 15, 2024, 11:40 AM Nov 2024

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?







Unreal, Musk and his PAC
8 replies = new reply since forum marked as read
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Does @elonmusk understand that you can't eliminate interest payments on the debt (Original Post) Passages Nov 2024 OP
Not a Musk fan, but the best way to eliminate interest payments is to borrow less. That requires increasing taxes. Silent Type Nov 2024 #1
Musk does not want that, as I am sure you know. Passages Nov 2024 #4
Or worse cutting spending IbogaProject Nov 2024 #7
Crypto Bros want to destroy the US dollar bucolic_frolic Nov 2024 #2
And so is the global financial market, replaced by untraceable crypto to fund more criminal rackets. Lonestarblue Nov 2024 #6
Here's the chart dweller Nov 2024 #3
you can if you devalue the currency DBoon Nov 2024 #5
"Can't eliminate the interest payment on the federal debt"? Sure you can! lastlib Nov 2024 #8

Silent Type

(8,850 posts)
1. Not a Musk fan, but the best way to eliminate interest payments is to borrow less. That requires increasing taxes.
Fri Nov 15, 2024, 11:44 AM
Nov 2024

bucolic_frolic

(49,556 posts)
2. Crypto Bros want to destroy the US dollar
Fri Nov 15, 2024, 11:44 AM
Nov 2024

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

Lonestarblue

(12,511 posts)
6. And so is the global financial market, replaced by untraceable crypto to fund more criminal rackets.
Fri Nov 15, 2024, 12:25 PM
Nov 2024

DBoon

(23,624 posts)
5. you can if you devalue the currency
Fri Nov 15, 2024, 12:13 PM
Nov 2024

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

lastlib

(25,633 posts)
8. "Can't eliminate the interest payment on the federal debt"? Sure you can!
Fri Nov 15, 2024, 01:23 PM
Nov 2024

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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