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You guys seem to be a bit lost because the debt of one person is...

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Bunn-Wackett

28,101 Posts.

1528

07/01/25

08:15

Post #: 77294965
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Originally posted by Infose: ↑

You guys seem to be a bit lost because the debt of one person is an asset for another. So, while the national debt is exploding who is accumulating the assets represented by it?

And when thinking about it, remember that in the case of the USA alone it is estimated to cost around 1 trillion a year in net interest payments in a not very distant future.

"In dollar terms, net interest is set to cross the $1 trillion per year mark in 2026 and $1.6 trillion in a decade."

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You guys seem to be a bit lost because the debt of one person is an asset for another.

Yeah you're right aren't you even if they default and it then becomes a cost to the bank which is passed on to its customers... it's just an extra step.
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