The TRUTH About the National Debt

The national debt at $30 trillion is a staggering amount. However, it doesn’t even come close to the total of the true debt load, which includes unfunded liabilities. But with the recent few years, we know that the federal government…

The TRUTH About the National Debt

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The national debt at $30 trillion is a staggering amount. However, it doesn’t even come close to the total of the true debt load, which includes unfunded liabilities. But with the recent few years, we know that the federal government spends money into existence through debt monetization via the federal reserve money printing. So with the Fed backstopping the deficit, does the debt even matter anymore?

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Sources:
https://www.lynalden.com/does-the-national-debt-matter/
https://www.truthinaccounting.org/library/doclib/Financial-State-of-the-Union-2020.pdf
https://cew.georgetown.edu/wp-content/uploads/2014/11/collegepayoff-complete.pdf

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#debt #fed #inflation

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