Should the government reclaim the right to issue debt-free money?

A seventeen trillion dollar national debt is outrageous. The interest on that debt is staggering! Shouldn't we evolve past the debt-based privately owned central bank fractional reserve system?

Anonymous2013-10-25T07:57:43Z

Favorite Answer

Yes but its not as easy as that, debt is an addiction, far worse than drugs but the people who are more addicted to debt are the people in power

10

Maxwell2013-10-25T14:44:51Z

@MARY

Much of our debt is held by US citizens and US companies.

Defaulting doesn't just hurt foreign govts, it hurts US citizens.

11

Anonymous2013-10-25T14:42:38Z

why do they bother to pay>? what could anyone do?

11

Related Questions

should the government take a portion of the bailout money to temporarly fund unemployment compansation ?When the government gets involved in capitalism and messes up up why do they turn around and blame capitalism?Tell me what part of this you don't agree with but tell me why?How about this for a stimulus bill?Once the U.S. achieved a budget surplus for the first time since 1969, what were the proposals for....?

Trending Questions

So, where do I go after Yahoo Answers shuts down?41 answersWhy are race relations so bad in America nowadays ?154 answersWhy are hate crimes against white people increasing?22 answersIf you are a white person in America, have you experienced racism or racist abuse?73 answersChris Wallace: Kamala Harris seems to want zero 'fingerprints' on Biden's migrant 'mess' at border?23 answers