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Old 05-15-2018, 03:05 PM
 
2,360 posts, read 1,027,668 times
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Quote:
Originally Posted by Hoonose View Post
If you can do it, you borrow at a low rate and invest the money with a high enough return to make the payments/pay off the loan + some profit. It is not so easy, and even harder to rinse and repeat long term.
Yea you got that right,its hard to find something that will pay you back with more interest then the loan you taken out. Its the fact that you put your self in debt and waiting to see if the game plays in your favor. Again, your putting faith in a system that can make you or break you or have to labor more to pay it off.
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Old 05-15-2018, 04:21 PM
 
8,281 posts, read 3,454,476 times
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Quote:
Originally Posted by hitpausebutton2 View Post
Yea you got that right,its hard to find something that will pay you back with more interest then the loan you taken out. Its the fact that you put your self in debt and waiting to see if the game plays in your favor. Again, your putting faith in a system that can make you or break you or have to labor more to pay it off.
For me a done deal. The best of luck to you and your pursuits!
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Old 05-15-2018, 06:07 PM
 
820 posts, read 275,250 times
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OP: Do you think America will ever be able to pay all of its debt?

Me: Who says we have to?
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Old 05-15-2018, 06:40 PM
 
2,731 posts, read 1,212,659 times
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Quote:
Originally Posted by YuMart View Post
Obviously there is a lot of greed and corruption that hinders it, but do you think even if all of the politicians were great, honest, wholesome people, the U.S debt could ever be fully paid off? Or do you think we're too far gone and America will be destroyed before it could pay off 100% of its debt?

It's really mind boggling how much debt we are in yet we spend money worse than a teen girl who won the lottery. Uhh...Shouldn't you pay off all your debts BEFORE spending it on anything else?
Can that be written off or reduced to 2 Trillion?? after all its fractional right??
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Old 05-15-2018, 07:59 PM
 
11,894 posts, read 14,359,727 times
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I can remember the last few years of the Clinton presidency the government was paying off the debt and the fear was there would be no bonds to buy. US Treasury bonds are in high demand and it would damage the world financial markets if they were not available. That alone is why the debt will never be reduced, much less paid off.
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Old 05-15-2018, 08:27 PM
 
8,281 posts, read 3,454,476 times
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Quote:
Originally Posted by shanv3 View Post
Can that be written off or reduced to 2 Trillion?? after all its fractional right??
It is not fractional.

But conceivably can be 'reduced'.

https://en.wikipedia.org/wiki/Trillion_dollar_coin
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Old 05-16-2018, 07:53 AM
 
Location: Northern Maine
9,494 posts, read 14,286,680 times
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People bought bonds with yields of 0.3%. If Dave bought a $10,000 bond, that bond will yield $30 per year in interest.

Now the government os selling bonds with a yield of 3%. That bond will yield $300 per year in interest. Which bond would you rather have? How much could Dave sell his $10,000 bond for? Who today would want a bond that yields 0.3%?
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Old 05-16-2018, 08:51 AM
 
8,281 posts, read 3,454,476 times
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Quote:
Originally Posted by Northern Maine Land Man View Post
People bought bonds with yields of 0.3%. If Dave bought a $10,000 bond, that bond will yield $30 per year in interest.

Now the government os selling bonds with a yield of 3%. That bond will yield $300 per year in interest. Which bond would you rather have? How much could Dave sell his $10,000 bond for? Who today would want a bond that yields 0.3%?
Depends what government and the selling price/discount of the bond.
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Old 05-16-2018, 09:15 AM
 
Location: Island of Misfit Toys
4,935 posts, read 2,014,218 times
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There's no money in paying off the debt though the country would be better off.
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Old 05-16-2018, 09:18 AM
 
5,605 posts, read 4,159,335 times
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Quote:
Originally Posted by hitpausebutton2 View Post
Debt= what keeps the working man working daily
surplus= What keeps the man from not working daily
I have no debt and yet I work daily. Even those without debt have bills to pay and if they’re wise want to save/invest for their retirement and to have a good emergency fund. Or at least that’s my plan. YMMV.

Last edited by UNC4Me; 05-16-2018 at 09:38 AM..
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