Happy 100th birthday Federal Reserve

[Mr Khan]

Kasz216 said:

hysterianut said:

i know that

 

but what i was pointing towards is there is no way ever to pay back the USA debt.

sorry there is one way,if the dollar hyperinflates which is coming but that is as good as paying debts in your dreams

Not seeing how that effects the point i made, or in general the control of the federal reserve by the government.

 

Additionally, the US totally could pay off it's debt if the US govenment was serious about it.  We have not yet reached a point where intrest payments are greater then what the US government takes it.

If the US government decided on a debt reduction plan, we could totally pay back the debt.

Indeed, the sequester is a good start on that, just that it does so with all the grace and consideration of a drunken civil war surgeon.