U.S. Debt Interest Payments Reach $1T

Re:U.S. Debt Interest Payments Reach $1T by bryanlarsen on Tuesday April 23, 2024 @01:49PM (#40134861)

Also, a substantial portion of that $1T is money that the government owes to itself. For example, the Fed purchased a large amount when it was doing QE.

It seems silly to count money that moves from one pocket to another within the Federal government.

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Re:U.S. Debt Interest Payments Reach $1T by cinntaile on Tuesday April 23, 2024 @02:20PM (#40135281)

By that logic it should be fine if the government borrows $999999T (or any other massive number) from itself.

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Re:U.S. Debt Interest Payments Reach $1T by achandlerwhite on Tuesday April 23, 2024 @02:58PM (#40135781)

From an interest payment perspective that would be just fine. From a money supply perspective not so good, but that's not what this article is about.

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Re:U.S. Debt Interest Payments Reach $1T by riku_iki on Tuesday April 23, 2024 @06:12PM (#40137977)

> the government owes to itself. For example, the Fed purchased

Fed and government are separate entities. That debt can't disappear because "we owe to our-self".

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