Really stupid (but awesome) solution for our debt crisis...?

I have a better idea...

Arrest all of our politicians, seized all their assets and money, then pay off our debts using that...

Not all our debts come in TRILLION dollar denominations. We're gonna need to make change for those bills to actually pay off the debt.

And actually, what we really need is to just stop going into more debt every year. If we could do that, we can easily pay the interest on the debt every year and just roll over the debt as it comes due. That interest on the current debt is only about $320 Billion each year, out of an annual budget of $3.8 Trillion.

So the real solution is that Balanced Budget Amendment you referred to. Eventually, as the economy continues to grow, those interest payments will become even more trivial as tax receipts go up, but interest payments remain the same.

Being that our dollars are not backed by anything of value other than the GNP (our belief that Americans will continue to produce and make money) we really have nowhere to go but down, anyway.

Add that to the problem that criminals in other countries continue to counterfeit massive amounts of American dollars, in spite of efforts to make that more difficult.

The more dollars in circulation, the less they are worth.

If we pass the amendment why do we need to print the bills?

Why not just be responsible?

germany tried it in the 20s perfesser, million ,or was it a billion deutchmarks for a loaf of schwarzebrot,

I E worthless currency,chinese call in the loan,,,no more money loaned to us,chinese yuan are backed by their copper mine resources,@ 92% the value of gold,,

and that would just cause massive inflation... which is probably more damaging than any impact from the debt anytime in the near future...

I agree it is really stupid and what I would expect out of my second grader as far as ideas go.