How should the US handle its debt?

[boxy]

Because you'll get some stupid mouth breather, like monk, getting into office, and just throwing cash left right and centre in order to buy votes, with no concern about the inflationary effects.

Can you point to any galloping inflation after all the stimulus spending?

We're talking about printing money to pay for wholesale spending.

That's not what happened with the stimulus package, now is it.

[Leftwinger]

Good to see you understand that.

[The Artist formerly known as Sappho]

Good to see you understand that.

I don't think you understand. The govt does not just print money. It sells bonds either to itself or another investor. Those bonds are debts the govt must repay with interest to the investor.

That is not a MMT reality.

[Aussie]

It sells bonds either to itself..

In the case of a Government which has no savings in the Bank, how does it pay itself for the bond?

:jump

[The Artist formerly known as Sappho]

It sells bonds either to itself..

In the case of a Government which has no savings in the Bank, how does it pay itself for the bond?

:jump

You don't know? Why don't you know?

[Aussie]

No, I don't know which is why I asked the question.

[boxy]

Good to see you understand that.

If you already understood that, why the fuck did you bring it up, numbnuts?

[The Artist formerly known as Sappho]

No, I don't know which is why I asked the question.

Why don't you understand? By this admission equally you admit that you don't understand why it is that the American budget crisis is where it is today.

[Aussie]

It sells bonds either to itself..

In the case of a Government which has no savings in the Bank, how does it pay itself for the bond?

:jump

How about you explain it, Professor?

[The Artist formerly known as Sappho]

It sells bonds either to itself..

In the case of a Government which has no savings in the Bank, how does it pay itself for the bond?

:jump

How about you explain it, Professor?

How about you use a search engine to find out for yourself?

And if it is that you are being pedantic about my liberal use of the term govt rather than referring to the fed instead, well fine, so long as you remember that the fed serves gov policy and is controlled by gov policy... and even the web address ends 'dot gov'. It is incorporated by the gov, for the gov to serve the gov and is oft called the fourth arm of the gov.