Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 01-14-2020, 09:14 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 8,360
Quote:
Originally Posted by Masquernom View Post
It's not so much the debt you see today, it's the interest we pay on the debt today that impacts us. The interest payments are the fastest growing category of the US budget. .
So who receives these interest payments? To whom does the money go? Is this like the interest I'm paid on my HY bonds every month?
Is there some entity out there making a killing on $X Trillion?
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-14-2020, 09:18 AM   #22
Thinks s/he gets paid by the post
Markola's Avatar
 
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,927
Quote:
Originally Posted by donheff View Post
According to modern monetary theory it all works out - until it doesn't.


Same with supply side economics. We have lots of voodoo schools of economics to choose from.
Markola is offline   Reply With Quote
Old 01-14-2020, 10:05 PM   #23
Dryer sheet aficionado
 
Join Date: May 2005
Posts: 35
<iframe src="https://fred.stlouisfed.org/graph/graph-landing.php?g=pvQS&width=670&height=475" scrolling="no" frameborder="0"style="overflow:hidden; width:670px; height:525px;" allowTransparency="true" loading="lazy"></iframe>
__________________
It is useless to attempt to reason a man out of a thing he was never reasoned into.-- Jonathan Swift
Theo is offline   Reply With Quote
Old 01-14-2020, 10:13 PM   #24
Dryer sheet aficionado
 
Join Date: May 2005
Posts: 35
Interest as a percent of GDP is at normal levels and actually low compared to the 80s and 90s.
__________________
It is useless to attempt to reason a man out of a thing he was never reasoned into.-- Jonathan Swift
Theo is offline   Reply With Quote
Old 01-15-2020, 06:36 AM   #25
Dryer sheet aficionado
 
Join Date: Jan 2018
Location: Front Range
Posts: 27
Quote:
Originally Posted by HFWR View Post
Funny, though, for all the naysayers, we still seem to be doing it. We ‘re just calling it something else.
That’s because this time it’s different.
fvfire is offline   Reply With Quote
Old 01-15-2020, 12:26 PM   #26
Thinks s/he gets paid by the post
HI Bill's Avatar
 
Join Date: Dec 2017
Posts: 2,533
Quote:
Originally Posted by Bigdawg View Post
Was thinking the same thing. Who does the world (earth) owe this money to?
Mostly the bond holders and the banks who lend money. Remember Puerto Rico!
__________________
Balance in everything.
HI Bill is offline   Reply With Quote
Old 01-15-2020, 12:29 PM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 35,712
Quote:
Originally Posted by donheff View Post
According to modern monetary theory it all works out - until it doesn't.
Quote:
Originally Posted by HFWR View Post
Funny, though, for all the naysayers, we still seem to be doing it. We ‘re just calling it something else.
I cannot help it, so all I can do is to enjoy it while it lasts.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)

"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
NW-Bound is offline   Reply With Quote
Old 01-15-2020, 12:57 PM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 8,360
Quote:
Originally Posted by HNL Bill View Post
Mostly the bond holders and the banks who lend money.
So someone has a vested interest in keeping those payments coming.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is online now   Reply With Quote
Old 01-15-2020, 03:55 PM   #29
Full time employment: Posting here.
racy's Avatar
 
Join Date: May 2007
Posts: 881
Quote:
Originally Posted by HNL Bill View Post
Mostly the bond holders and the banks who lend money. Remember Puerto Rico!
But, Puerto Rico doesn't have a Federal Reserve.
__________________
"It is better to have a permanent income than to be fascinating". Oscar Wilde
racy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What happens the day after Congress refuses to increase the debt ceiling? nun FIRE Related Public Policy 13 04-06-2011 04:12 PM
FWIW - US Federal Debt (65.5T) exceeds world GDP shotgunner FIRE Related Public Policy 5 03-11-2009 08:10 AM

» Quick Links

 
All times are GMT -6. The time now is 05:44 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.