Issuing government bonds is borrowing from grandchildren

HERE’S THE INTERESTING PART

Nothing screams fiscal responsibility like forcing future generations to foot your current grocery bill. Treasuries issue formal IOUs to fund immediate political projects, entirely relying on unborn taxpayers to eventually settle the astronomically bloated interest.

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Issuing government bonds is borrowing from grandchildren — STACKY / Economy

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United States treasury laws contain a bizarre loophole that theoretically allows the government to mint a single platinum coin with a face value of one trillion dollars to wipe out the national debt.

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United States debt ceiling is an arbitrary legislative limit created in 1917 that restricts how much money the federal government can borrow to pay for expenses it has already legally authorized.

United States debt ceiling is an arbitrary legislative limit created in 1917 that restricts how much money the federal government can borrow to pay for…

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Issuing government bonds is borrowing from grandchildren

A bigger world.One discoveryat a time.

Keep exploring

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

United States treasury laws contain a bizarre loophole that theoretically allows the government to mint a single platinum coin with a face value of one trillion dollars to wipe out the national debt.

The Sumerians invented compound interest before the wheel

Politicians constantly panic about the US national debt. But who actually owns the vast majority of it?

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

United States debt ceiling is an arbitrary legislative limit created in 1917 that restricts how much money the federal government can borrow to pay for expenses it has already legally authorized.

A bigger world.
One discovery
at a time.