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Pretzel_Warrior

(8,361 posts)

2. I'm sure he means net total debt. public debt is being paid off all of the time and treasury

Reply to geckosfeet (Reply #1)

Sat Mar 1, 2014, 04:03 AM

Mar 2014

is in a constant cycle of selling new rounds of treasury bills. Often to the same customers who are redeeming their previous t-bills once they've matured.

Right now, there is a very low premium on short term and longer term treasuries so there's not exactly an incentive to stop borrowing.

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Taxes don’t fund government; public debt doesn’t need to be paid off [View all] Recursion Mar 2014 OP

Soverign debt debt must be paid back. Bonds must be redeemable. geckosfeet Mar 2014 #1

I'm sure he means net total debt. public debt is being paid off all of the time and treasury Pretzel_Warrior Mar 2014 #2

Any given bond, sure. But the government can just issue a new one Recursion Mar 2014 #4

taxation payments do not per se destroy money supply Pretzel_Warrior Mar 2014 #3

Why not? Recursion Mar 2014 #5

+1. nt bemildred Mar 2014 #6