How will your children and grand children pay their $30,000 of the National Debt?

Question

Lynette S honey the debt increases 1.94 billion dollars per day!

Ezz17 - NO OTHER COUNTRY IN THE WORLD HAS A 9 TRILLION DOLLAR NATIONAL DEBT

Answer 1

The answer is quite simple really...they'll make the same fixed wages only our treasury will print more money to pay off their foreign and domestic debts subjectively causing exponential inflation and their cost of living will increase dramatically while their income and financial support stays very much the same...they'll take out loans and end up borderline-impoverished for the rest of their natural lives. Their only chance of having a meaningful existence will be to denounce their citizenship and join a socialist commune in Canada.

Answer 2

Probably by cutting services, and devaluing the dollar like China devaluing its currency for the last 10 years. (A devalued dollar decreases national debt by reducing the trade deficit. Reducing the trade deficit stimulates the economy. Stimulating the economy in turn increases tax revenue and creates more buying power for Americans.)

Currently the U.S. annual budget for government handouts is over $1.2 trillion. While the annual budget for the military is $450 billion. The founding fathers of this country said the primary function of the U.S. government is to maintain a military.

And studies show that government handouts just increases demands for government handouts. The point being, they have a negative effect on the economy and on society.

Answer 3

They wont, we think its a big deal but really. Who goes to sleep at night worrying about the National Debt. There are even arguments that the Debt helps the economy, also there a nations whose debts are far worse then ours. And by the way when I have grand children they might owe $60,000.

Edit
My argument is that we are the Richest country is why it is so large but in percentage of GDP and the debt that is owed we are 26th in the world.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

Argument for the debt, the government may be able to avoid this consequence by instead focusing on expanding its GDP and thereby "reducing" the percentage of GDP that debt represents. The hope is that the deficit spending that increases the debt will increase GDP by a greater amount, and thus — in relative terms, at least — the debt would decrease.

And as far as the debt goes the United States has been in debt for almost its entire existence only for a few years were they out of debt, but ever since then the US has done nothing but grown.

Answer 4

we already are. The size of the economy is at an all-time high of $13,818,809,181,973.50.. The economy is growing by $19,869.16 per second. And each person's share of the national output is $45,757.65 per year and growing. The reason is simple: the economy is growing faster than the debt. GDP is growing at an annual pace of about 4.5%; total debt is growing at 3.1%; publicly-held debt is shrinking at 0.8% (all current-dollar rates).

Answer 5

Probably because by the time the debt comes due it will be devalued by normal inflation to a far lower sum.. just like it always has been.

Answer 6

If dems are elected it will be much harder with the higher taxes and none of it going to offset debt

Hillary voted for war so any anti war peeps considering voting for her are hypocrites.

Answer 7

Same way I'm paying the Debt Roosevelt stuck on us.

Answer 8

Slowly over the next 75 years of their life

Answer 9

The same way I paid for WW2, Korea and Vietnam. Thru taxes.

Answer 10

Probably by creating a war, not getting involved, and then loaning money to everyone.