No wonder the poster is on my ignore list.
Last time I checked the government doesn't tax GDP. It gets its income from taxes on income and not GDP.
The government owes the nominal amount and regardless of the 'discounted time value' of the borrowed funds it still has to pay that nominal amount.
- Forums
- Political Debate
- how are we repaying the debt again?
No wonder the poster is on my ignore list.Last time I checked...
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)