>>>Countries certainly can monetize their own debt, it’s not a problem until it becomes one.
On Steve Bqnnon’s War Room, they have talking about this issue, the interest payments this year will be around 400 billion, in 10 years it will be over 1.2 trillion, making it perhaps the largest single expenditure in the Federal Budget.<<<<
That just makes the appeal to keep printing money even stronger. Remember the first time in over 40 years when the republicans had the presidency and BOTH CHAMBERS IN CONGRESS during GWB term? The self described compassionate conservative did NOTHING to erase the legacy of the GREAT SOCIETY or the NEW DEAL. In fact he grew government and gave the social security crowd a new prescription drug benefit.
As Steve Bannon says, we have a uniparty. I don’t see these so called leaders having the balls to cut spending. Hence, we will be printing money for as long as we can. They will only stop if the whole thing comes crashing down. IMHO anyways.
I agree, it’s not an issue until it is, we will continue to spend until the capital markets teach us a lesson, if/when we lose the world reserve currency status then the fun begins