“Take the 150 billion off the 2 trillion in government debt… reduce debt by about 12% and save 8 billion a year”
♫
Said on Straight Talk with Mark Bouris
“Simple math, take the 150 bill, pay back 150 billion of debt, reduce 8 billion a year in interest”
Straight Talk with Mark Bouris · Economist Chris Joye WARNS: "We're Going Into Recession" And How We Fix It
Play from 20:40
20:40
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What was described
Propose repaying $150 billion of federal debt to cut interest payments
$150 billion debt, $8 billion annual interest saved, ~10% of total debt
Said nearby on the same subject
“It's because of the tax treatment of debt… you can deduct your interest payments… you can be a very strong junk company”
RW
Rob Wigglesworth
Better Offline ·
“We have improved the budget position over the last four years by around $230 billion… gross debt in 2025-26 was $197.6 billion… saving around $70 billion in interest costs.”
♫
Said on Australian Parliament: House of Representatives
“‘if I repay $50,000 off my home loan, I go to the bank and can have a separate loan for $50,000… debt recycling’”
SW
Stuart Weems
The Money Puzzle ·
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