100 sats \ 1 reply \ @satcat 2 Nov 2022 \ on: US debt: Federal interest payments could soon exceed military spending bitcoin
They'll just print more to pay the interest, no problem.
“We will always be able to pay our debt because we have a printing press,” Boockvar.
Hasn't the Fed claimed they are planning on reducing their balance sheet soon? That would mean selling treasury debt into the open market.
I'm not disagreeing that printing their way out is the ultimate resolution to this, but in the short term it sounds like the Fed wants to slow down the printer press.
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