| Kasz216 said:
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. |
the interest rates have only been kept down because of the FED,if the normal interest rates of 8-10% were to be applies,the econoomy would collapse immediately.
there is absolutely no way USA can pay back its debt.
yeah if you want FED to just print alot of notes without any purchasing power then USA can pay back the debt but whats the point.
another thing,the only reason the economy is still up and running is because more debt is being taken,if you don't take any more debt the economy will collapse.let alone reducing it
