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But how does a trillion in interest payments a year play into this? We did not have this big of an interest payment 10 years ago.
by tmaly 3y ago
But how does a trillion in interest payments a year play into this?
We did not have this big of an interest payment 10 years ago.
- jamesTee49 3y agoFed collects interest and give it free back to US government. At this point, Fed is hoarding a lot of US debts to maintain liquidity and keeping interest from spiking up. Joe prints $, Fed buys up the debts without question.