sitting in the Treasury?
Why not pay off debt with that money rather than adding to Fort Knox's stash?
Consistency is important in speaking, and at one time that is what you wanted to do with that money.
Have you now changed your mind?
@IsailedawayfromFR No, I haven't changed my mind at all. Perhaps you missed my earlier comments of renting out a stadium, stacking up $2 trillion in cash in the middle of the field, and setting it on fire.
My comment about money remaining in the Treasury at the end of the year is the only means we have of paying off debt. If the Treasury is empty, then that means we will have spent all $6.8 trillion that was allocated by Congress. But if there's money left over, then that's money we can use to retire debt.
Keep in mind though that this fiscal year alone includes $2 trillion of new debt. But this debt is special in that it came from the Fed from dollars that did not exist. So to make things right (for this year alone), $2 trillion needs to be taken out of circulation. Which is why we there needs to be $2 trillion left in the Treasury at the end of the year - so that we can retire that debt.
By burning that money, the price of everything will fall since there will be less dollars chasing the same amount of goods. And that increases the standard of living of everyone.
What I do NOT want to see is Elon's savings being spent on other things. This saved money should still be sitting in the Treasury, unspent, when the fiscal year ends.
