US National Debt

Debt is the flip side of money, and most governments make sure they have enough debt so that everyone has money. The US is the global reserve, so it has to print enough money for the whole world, not just its own citizens.

Characterizing the problem as "debt" is misleading. The real problem is the government printing money. What we call the "national debt" is just government printed money where whoever "has" it can only draw on a portion of it (the interest) until a certain date (the maturity date of the government bond). And "paying back" the "debt" just means moving the government printed money from one account (the "bond" account) to another (the "

It doesn't. The government is spending money it doesn't have. This is common practice that occurs regularly, but never in principle so large.The US government spends far more than it generates in revenue, which is called a deficit. The deficit is typically financed as debt and that debt becomes a financial instrument capable of restructuring, private ownership, and refinancing as secondary debt (debt on an existing debt).* <a href="https://en.wikipedia.org/wiki&

The US government (hence the people of the US) repay their debts all the time, and issue new debts all the time. Just like a home mortgage gets sold from the original lender to subsequent lenders, the borrower still usually pays back the mortgage.If the debts were not paid back, then why would anyone want to buy the debts from the original lender?

A country that issues its own currency cannot run out of money or be forced into default in that currency. What we call the national debt is the total of money the government has created and not yet taxed back. Those dollars are private savings in another form, not a burden that must one day be repaid.Creditors do not fund government spending; they hold safe interest-bearing assets created by it. The real risks to society are not financial but productive and ecological. What matters is whethe

FYI a government can’t borrow a currency it issues, there is no national debt (or all money is debt).

Money is not debt its paper or equivalent whose only purpose is exchanging for things. The government can and does print as much as it likes without creating any obligation on anyone else. They could print a billion dollars to put under your couch without any affect on the economy at all until you spend it.

When you own the money printing press like the US does, you don't have to get other people to loan you money.It's a quirk that we use "debt" in the form of T-bills instead of printing more dollars. The t-bills get used and exchanged like money anyway. They do let the US have some control over the interest rates used in the rest of the economy, so it's not a useless quirk, but it's important to understand that US debt is nothing at all like personal debt, and it&#

Is this about the impossibility of a government defaulting on its debt if that debt is payable in currency that same government can print? Or is it some stimulus thing?

the US borrows money. sure it can monetize its own debt at any time but that would have its own set of very high costs