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Exactly, the government would keep it. That is the opposite of what you alluded to in your first post on what we could do with the debt payments.
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Well, actually no. By not paying down the debt it becomes necessary in the interest of this countrys solvency to raise taxes. That would just be more of your money you can't keep.
Paying off the debt frees that money up so you can stop fretting over your taxes being raised and used for ill.
And in your analogy.. (I) have tremendous credit card debt, crippling. I'm already barely making ends meet.
So I of course decide to give back part of my pay each week to my boss. That's your tax cut.
Now how can I pay off my credit debt?