At the current rate, at what point will the interest payments on the national debt exceed tax revenue?

Question

If our national debt increases faster than our annual GDP, is this not bound to happen?

If our GDP is around 10 trillion, and the debt is around 10 trillion, what happens when we owe more money that we generate?

Answer 1

we do as Cleveland did file bankruptcy and then rebuild our self better then ever, let china take 10 cents on the dollar

Answer 2

what a idiot answer. file bankruptcy???? Number one china holds hardly any of our national debt. Number two...bankruptcy would in essence bankrupt every business in the U.S. because the "full faith in our national currency" would be exactly zero. Translation..........no lights, no sewer, no gasoline, no food on grocers shelves. So your option would plunge everybody into darkness with a backed up toilet!!!! Most of the debt is carried by insurance agencies but the same effect would happen whoever the creditor.Tip, quit lionizing Ronald Reagan, and H.W. Bush...........had they balanced their respective budgets our national debt would have been less than 5 trillion. Had G.W. Bush not been elected it would have been less than 2 trillion.