In Reply to: SagoBob: I responded to your post on deficits. posted by BluBlood on August 07, 2025 at 19:32:25
From your Post: "Like any mortgage, the payments repay the debt and the debt eventually expires. Now, with a mortgage, you can also continually refinance and keep the debt alive forever. But you can eliminate the debt by simply making payments and not incurring any new debt."
So, are you saying that the Treasury (or whoever manages our National Debt) can manage it by selling new paper (e.g. T-Bonds) and using the proceeds to retire older paper? Or, maybe the Fed creates new money and uses that money to pay off debt?
Yet we keep going further into the hole as our National Debt continues to pile up.
As I said earlier, making change for a dollar is about the limit of my financial reach. ;-)