[Hilift]

Are you serious? California has an $180 billion annual obligation just for Medicaid (Cal-Aid). Los Angeles borrowed $1 billion to fund DWP operations this year, and borrowed $3 billion to borrow another $3 billion to fund a $6 billion renovation for the LA convention center that no one wants. Denver wants to borrow $1 billion to basically fund operations.

Neither party has any intention of repaying any of the $38 trillion, or care what it is spent on.

https://www.torched.la/why-this-convention-center-expert-is-...

[esalman]

I think Democrats have a logic for not paying it. This is an investment in people. If you want to start a business you raise money first thing and deliver in future. Government raised money, they'll invest it in development which will pay back in the future. Whether the process is efficient is a different debate.

I do not understand though, why Republicans talk about cutting spending, and then blow through the ceiling when they have the power.

[ajross]

> Neither party has any intention of repaying any of the $38 trillion

What are you talking about here? Federal debt is repaid on bond schedules fixed by statute. You can look it all up. You can argue about whether the debt load is too high, too low, whatever. But you can't just pretend they ran away with the money like a thief. People loaned the government that money because they know the government is good for it.

[JoeAltmaier]

I think the point was, it doesn't look like it will ever be paid off entirely. It just grows, as do the payments.

That 38 trillion is 76 thousand dollars per person in the USA for instance. Pay that off? Really?