The problem is not monetary, but situated in the use of resources, rather waste of resources by gov't.
You don't know what you're talking about regarding Public Debt. All Public spending is deficit financed, whether by borrowing or taxation. The gov't deficit is the whole of its expenditures as the gov't contributes nothing to public expenditures.
It's not a question of how the gov't fills up its money bags, but how it empties them.
In a $25 trillion economy with public expenditures totalling $10 trillion and 80% of them going to waste, the problem is the loss of $8 trillion in precious resources annually, not some $800 billion in interest payments!!!!
The problem is not monetary, but situated in the use of resources, rather waste of resources by gov't.
You don't know what you're talking about regarding Public Debt. All Public spending is deficit financed, whether by borrowing or taxation. The gov't deficit is the whole of its expenditures as the gov't contributes nothing to public expenditures.
It's not a question of how the gov't fills up its money bags, but how it empties them.
In a $25 trillion economy with public expenditures totalling $10 trillion and 80% of them going to waste, the problem is the loss of $8 trillion in precious resources annually, not some $800 billion in interest payments!!!!
Gates and the WEF want 7 billion humans gone by 2030. Thus, you can not make any case for a depression when you have no economy to depress.