The S&P looks like it wants Jordan to win. I better turn on C-Span. I like the way oil jumped when it became obvious he'd lose round 1.
if trump would die tomorrow - what would all these magatards do then? maybe kill themselves? that would be great.
Like a ramora when it's shark dies it would swim around for a bit and latch on to the next one passing.
There's no debt! There are other potential problems, but debt is not one of them. If you could print dollars would you have any dollar denominated debt? The current face value amount of outstanding Treasury securities is roughly 25T. ~ Two-thirds is held by domestic interests. The reminder is foreign held. Treasuries held by the private sector are private sector savings. If the ersatz debt was all bought back tomorrow, which could be done, current government liability would not change, but the future income of the private sector would have to be revalued lower.
In June, the Congressional Budget Office (CBO) projected that annual net interest costs would total $663 billion in 2023 and almost double over the upcoming decade, soaring from $745 billion in 2024 to $1.4 trillion in 2033
That's correct so far as I know. That doesn't mean there is any real debt in the same sense as we in the private sector understand debt. There is a current and future liability. But all money, in any of its forms, issued by the U.S. is a U.S. government liability and a private sector asset. Eliminate that liability and you eliminate U.S. money! Private sector debt, a liability, must be paid back with the expenditure of time and energy. Government, on he other hand, can relieve itself of its liability to the private sector by taxation. You can't do that. (But you know that!)
That was a question that came up around year 2000. There were a couple of years with no annual deficit and the question was with no debt to sell would the Bond market need to exist. 9/11 ended that