Quote:
Originally Posted by Maximus122
The debt keeps maturing and we can't afford to pay 5% on it all.
The US debt is 35 trillion and 4.9 trillion is collected in taxes.
If you were you were to pay 5% interest on the whole 35 trillion you would be paying 1.7 trillion in interest on bonds, without paying down the principle which would be 34% of total US tax revenue.
Of course the risk is cuts are a stimulus and they risk inflation re rearing it's ugly head.
Forget stocks, its prolly time to become a bond trader. How long would that take for me to gets good at?
Wonder if that ol vampire Soros is betting against US. Some people might think..... we have
0 intention of paying that all back.