Entroper on 30 December 2007
| Final-Fan said: You're absolutely right, as far as my intentions are concerned. As far as the interest going back into the economy -- well, a lot of it is going into CHINA's economy, right? And anyway, it's money that wouldn't have to be taken from taxpayers (to be given to bondholders) in the first place if we did something about the debt. |
That's where a lot of the non-public debt is going, yeah. The public debt can be thought of as a redistribution of wealth from taxpayers to bondholders. Whether or not that's in your interest depends on whether or not you're a bondholder. :)
