ShackledNation
Libertarian
False. America pays off it's debts, it just takes on more debt after doing so. Aggregate debt may remain the same or increase, but debts are actually paid off.America paid off its debt just once, and that by a Democratic president. So how did the payoff effect America, what happened to our economy, our way of life; did Americans rejoice in the streets buy new stuff? Well one result of the debt elimination was an economic depression.
America has never paid off its debt.