Simple. We don't have to pay back the debt and we are never expected to. The debt is from borrowing from the other nations that we once loaned money. If you take all the money we gave to the European nations after the world Wars and adjust for inflation we really don't owe them anything. China is a little different, but we can just keep running up our tab until they get sick of it. Besides, who's going to stop us?
2007-11-09 06:41:20
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answer #1
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answered by Cato 5
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First off, the National Debt can never be paid off until we stop the Deficit! Democrats, Republicans, or some where in between. They HAVE to STOP spending more money than they take in! Part of the problem is the domestic spending!And the way to do it is STOP spending!!! Not, to raise taxes! And never has a tax increase went to cut the deficit, never! not once!
2007-11-13 14:08:00
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answer #2
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answered by jadamgrd 7
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They shouldn't. They should shut down the welfare system. Stop all of the pork barrel spending. Pay the national debt without raising taxes. Then, cut taxes when the debt is paid.
2007-11-09 14:37:50
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answer #3
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answered by Truth is elusive 7
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tincoatr
you are the definition of an ignorant politician and obviously have done ZERO research on this topic.
in 2000-01 we did decrease the deficit and geuss what
we cut taxes, increased spending, and yipee were back worse then we started.
so go ahead and look at the topic b4 saying something stupid
2007-11-09 17:47:23
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answer #4
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answered by The_Muffinat0r 1
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As an ex military member I agree. The goverment waste is a big issue in the military. I just don't understand why someone would waster $20.00 on toilet tissue. But hey.
2007-11-09 14:45:59
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answer #5
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answered by Anonymous
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We shouldn't have a debt. The almost richest nation in the world. It's preposterous.
2007-11-09 14:35:31
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answer #6
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answered by Meng-Tzu 4
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The third largest expenditure in the USA budget is just paying off interest. That is crazy, you have to pay at least the interest or you will be bankrupt, cause no one will trust you anymore that you can pay
2007-11-09 14:35:35
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answer #7
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answered by Anonymous
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I wonder if GW and the Treasury Dept receive bill collector calls....
2007-11-09 14:34:34
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answer #8
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answered by Phil M 7
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