Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #180 on: February 10, 2020, 01:46:33 pm »
oh really!

Ya really.

Let me put it this way. Say you are 23 years old, just finished university and have your first job in the permanent work force, the government debt doesn't change by one penny from what it is today and interest rates remain the same. If you make it to 90 years old, over 1.7 trillion dollars in interest will have been paid on money that was borrowed before you were 23.
« Last Edit: February 10, 2020, 01:55:28 pm by wilber »
"Never trust a man without a single redeeming vice" WSC