"In fact, if the whole US debt of $16 Trillion were issued in 10...

  1. 6,389 Posts.
    "In fact, if the whole US debt of $16 Trillion were issued in 10 year bonds it would turn into $13.9 Trillion in 10 years without doing a thing or paying off a cent. In 30 years, it will be worth $10.5 Trillion and the US economy will probably be double the size it is today, therefore debt will go from 100% of GOP (which we are told is bad) to 30% of GOP (very good!) without paying back a cracker"

    Now tell us how to do that.

    This is typical bs and junk accounting.

    The government still owes $16 trillion at the end of ten years.

    It doesn't own "$13.9 trillion".

    The numbnuts that are quoting this follishness are confusing the discounted time value of money with nominal amounts.

    You pay back the nominal amounts not the 'discounted time value of money".

    What a bunch of horse poo!
 
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