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Old 01-06-2013, 01:01 PM   #123
CLX CLX is offline
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Join Date: Sep 2012
Location: Nunya
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Quote:
Originally Posted by FD View Post
You are confusing the idea of paying off the debt with repaying our debt. They are different.

How do you think the U.S. can borrow money at rates lower than we have ever seen in our history if we aren't going to repay that money?
How much debt does the U.S. currently carry? $16.4 Trillion? What is the GNP of the U.S.? How often have you seen the national debt go down?

http://www.bing.com/images/search?q=...25ACD5812D98F#

http://www.bing.com/images/search?q=...747651216ED52#

http://www.bing.com/images/search?q=...61&FORM=IQFRBA

Show me in the chart of your choice where the national debt has been decreased. I don't think you understand we have gone beyond the amount anyone feels we could ever pay back, that's why we have lost credit rating. Borrowing more doesn't help. If you loan me $1,000,000 a year and I only pay back interest, if that, are you going to keep loaning me the money with hopes that someday you will get your money back?
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