How to pay off the National Debt.

Discussion in 'Current Events' started by Big Black Dog, Jan 15, 2013.

  1. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    The debt the US has is over 16 trillion dollars. No easy way to pay it off in site. I think the best, and fastest way, to pay off the national debt would be to offer China the entire State of California in exchange for wiping clear our monies owed to them. Works for me. What say you?
     
  2. Katzndogz
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    Katzndogz Diamond Member

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    China has already bought a lot of California. What I'm waiting for is for China to make a move to protect their interests from American liberals.
     
  3. blastoff
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    blastoff Undocumented Reg. User

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    What the hell has China ever done to deserve the denizens of Malibu?
     
  4. konradv
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    konradv Gold Member

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    Give them Texas too and we get egg roll! :cool:
     
  5. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    China only owns 1.2T of our debt you fucking idiot.

    U.S. Debt - How Much China Owns
     
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Don't let reality come in the way of a good rant.

    US citizens hold most of US debt.
     
  7. Ernie S.
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    Ernie S. Diamond Member

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    The words "only" and "trillion" should never appear in the same sentence.
     
  8. ReallyMeow
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    ReallyMeow Member

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    Same way we paid it off last time (immediately after WW2), 94% income tax on the portion of income over a million dollars.
     
  9. bripat9643
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    bripat9643 Diamond Member

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    We cut our spending by 60% after WW II. That's how we paid it off. We obviously aren't going to be able to do that now - certainly not with the Democrats obstructing any attempt to cut spending.
     
  10. ReallyMeow
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    ReallyMeow Member

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    That doesn't change the fact that the tax on the upper tier of income was NINETY FOUR PERCENT. If you want to play cargo cult economics, you better be ready to go all out.

    Spending on what? Oh, thats right war spending, because the war was over. Are our wars over? Guess its time to cut defense spending by 80% then, just like they did.

    Now explain how cutting social security (throwing seniors out into the street),
    or cutting medicare (forcing seniors to go without needed medical care) will stimulate the economy? They didnt do that. And it seems more like the economy will contract because a certain class of people will have been robbed of their ability to pay for the things they need.
     

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