Why Does the Government Borrow When It Can Print?
In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both national defense ($498 billion) and Medicare ($465 billion). The interest tab also exceeded all the money spent on veterans, education, and transportation combined. Spending on interest is now the second […]
Source: https://ellenbrown.com/2024/06/19/why-does-the-government-borrow-when-it-can-print/
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the government has to borrow..it does not print amerikas money … the government borrows its money from the fed…the private enterprise federal bank .. If the government decided to “ACTUALLY PRINT” the peoples money then amerika would not be in the deep poo that it is now.. all this debt racked up will soon be in default as the country has lost its control over the world currencies with only a few hangers on still using it… soon all will be moving to trading in other currencies and amerika will be left holding the bag ….this is the main reason amerika needs a world war …so it can write all this debt off to everyone including itself