Yup, they need that debt created to cover the principle and interest from previously borrowed debt.
All money is debt. The only way to create money is by spending it into existence. Where would the money come from to pay interest if we didn't spend more in the future?
We always have to go further in debt. that is the only way to create the currency necessary to cover previously borrowed principle and interest.
The national debt is our money supply. But only the principle was borrowed/spent into existence. Where does the money come from to pay the interest if only the principle was borrowed?
Continued increased spending is mandatory in this system. It is the only way new money is created.
The fact that you know everything, this defense spending bill being passed should come as no surprise.
It is the only way to keep the system going. But I know you already know that.
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
