“Simple math, take the 150 bill, pay back 150 billion of debt, reduce 8 billion a year in interest”
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Said on Straight Talk with Mark Bouris
“Take the 150 billion off the 2 trillion in government debt… reduce debt by about 12% and save 8 billion a year”
Straight Talk with Mark Bouris · Economist Chris Joye WARNS: "We're Going Into Recession" And How We Fix It
Play from 17:33
17:33
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What was described
Withdraw $150 billion from the public-service future fund to reduce total debt
$150 billion; reduces debt by ~12%; saves $8 billion annual interest
Said nearby on the same subject
“The $2 billion ... reduced $63 billion of debt to $27 billion ... something like a 3300% return”
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Said on Slate Money
“The 12 restructurings that have been done so far have reduced $63 billion of debt to $27 billion”
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Said on Slate Money
“I wouldn't use the funds to buy investment properties. I'd be using the funds to reduce my owner-occupied debt and then leveraging to buy investment properties.”
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