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?
Lv 5
? asked in Politics & GovernmentPolitics · 1 year ago

Is there really no upside to getting America out of debt?

11 Answers

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  • Anonymous
    1 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.

  • ?
    Lv 7
    1 year ago

    hopefully they'll be able to get out of debt

  • ?
    Lv 4
    1 year ago

    upside=rebuild usa w free labor by slavs who hate meee\

  • 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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  • Anonymous
    1 year ago

    Cut  spending on  pork  ,Fix   Social Security and Medicare  before they  go   broke

  • Rick
    Lv 7
    1 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 ...................

  • zeno
    Lv 7
    1 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?

  • Anonymous
    1 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.

  • Anonymous
    1 year ago

    Eliminating the national debt is easy. The hard part is finding someone willing to give up his welfare payments.

  • Anonymous
    1 year ago

    Nope.  People will build green infrastructure if they're not broke, lost, overworked and scared.

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