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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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OP
Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
$540,000,000.00 in face value, printed daily. With $30trillion in debt, it would take 55,560 days, or 152 years to print enough currency to pay off our debt.
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Joined: Jan 2001
Posts: 7,988 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2001
Posts: 7,988 Likes: 3 |
Printing money isn't what pays off our debt- it just creates legal tender for the masses to use for small purchases. A roughly equal amount of old, damaged bills are destroyed at the same time new money is printed.... our debt is paid by tax dollars and other accrual, which is all digital and doesn't rely on printed bills....
Never underestimate your ability to overestimate your ability.
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Joined: Jan 2010
Posts: 32,130 Likes: 1
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 Likes: 1 |
That puts things into perspective.
I wonder what it would cost to print enough $100 bills to pay $30 trillion in cash?
How many tractor trailers would it take to haul the cash?
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Joined: Jan 2010
Posts: 32,130 Likes: 1
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 Likes: 1 |
Printing money isn't what pays off our debt- it just creates legal tender for the masses to use for small purchases. A roughly equal amount of old, damaged bills are destroyed at the same time new money is printed.... our debt is paid by tax dollars and other accrual, which is all digital and doesn't rely on printed bills.... Really? LOL
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Joined: Feb 2009
Posts: 4,855 Likes: 5
Campfire Tracker
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Campfire Tracker
Joined: Feb 2009
Posts: 4,855 Likes: 5 |
The question that no one in the fed can answer with a straight face....
...How do you fix a debt problem by adding more debt?
“Some ideas are so stupid that only intellectuals believe them.”
― G. Orwell
"Why can't men kill big game with the same cartridges women and kids use?"
_Eileen Clarke
"Unjust authority confers no obligation of obedience."
- Alexander Hamilton
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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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OP
Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
That puts things into perspective.
I wonder what it would cost to print enough $100 bills to pay $30 trillion in cash?
How many tractor trailers would it take to haul the cash?
30trillion in dollar bills would stack to the moon 5 times I believe. I did the math one day bored.
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