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11 Answers
- Anonymous1 year ago
yes there really isn't.
Not going deeper in debt fast enough means your economy will shrink.
What you also need to understand is that the debt is not someones money that is lacking from someones wallet.
Debt/credit is created out of thin air by banks.
- 1 year ago
Problem with the debt is that the US has to pay interest on debt, this interest is always growing because the debt is always growing, so we necessarily must always have a growing GDP to prevent the debt from completely spiraling out of control. Something like 10% of the US's federal budget is spent on interest, imagine if that could go to other things (although knowing the US if they had that extra money they'd just spend it on the military LOL).
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- Anonymous1 year ago
Cut spending on pork ,Fix Social Security and Medicare before they go broke
- RickLv 71 year ago
MOST of our 'nation debt' is stashed-away in the central bank vaults of a hundred smaller countries and is there to give their local currency world-wide buying power ...................
- zenoLv 71 year ago
No. Debt enslaves people and federal debt
Raises taxes and hurts the economy. So if
You want America great and our people happy
And prosperity to be the new improved norm
Then reduce government spending like Ron
Paul outlined and voters where too stupid to
Vote and pay off as much individual debt as
Possible and things will start getting much
Much better. Lower taxes, less stress for
People, more causal activities, more time
To spend with your kids and family and more
Money to invest or follow your dreams or get
Things done you want done sooner. Got it?
- Anonymous1 year ago
It'll collapse long before that happens. The money is issued as debt, and we need to stop that in the next republic. No usury on Fiat currency.
- Anonymous1 year ago
Eliminating the national debt is easy. The hard part is finding someone willing to give up his welfare payments.
- Anonymous1 year ago
Nope. People will build green infrastructure if they're not broke, lost, overworked and scared.