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A comment on Who Owns the US National Debt?. Parent comment

Re:Who Owns the US National Debt? by dragonwriter on Tuesday September 07, 2021 @10:04AM (#28445004)
> The US goes into 'debt', to pay for something.

The US doesn't go into debt to pay for things, it goes into debt voluntarily to play-act that it is using a commodity rather than fiat currency. Or perhaps out of political inertia since it once did use such a currency.

Pointing this simple fact out (hello, Modern Monetary Theory) gets very serious people very mad, though.

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Re:Who Owns the US National Debt? by TheCoelacanth on Tuesday September 07, 2021 @04:48PM (#28449757)
The US doesn't go into debt to pay for things. It goes into debt to create money. It doesn't tax to get money. It taxes to destroy money.
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Re:Who Owns the US National Debt? by ubercow13 on Wednesday September 08, 2021 @08:20AM (#28455998)
Where is the money created? The bonds they issue are bought with money that was already in circulation.
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