Doesn't matter to the debt. Or the overstretched dollar.
No, it most certainly is not.
Using that money to retire the debt and shrink dollar circulation rebounds the dollar and is one of the few tools to reduce inflation without harm...
That is far better than any tax cut.
I agree. I don't have that money, and won't miss it, as far as that goes. Using it to pay down the debt is the gift that keeps on giving, in terms of reduced costs to service the debt, too, which frees up more funds, which can be used to pay down the debt... and so on. It is the opposite of a death spiral.
Anyone who ever got stuck, like I did during my first oil bust, knows that the more you can reduce the interest you are paying, the more you can make your money work for you, freeing up more to reduce debt farther and faster. It takes some discipline, but it is the way back to the surface when you are underwater.
I have avoided debt as much as possible since.
