ilia25
I can do math
- Jan 12, 2012
- 1,859
- 100
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It's much better for us to spend non-existant trillions of dollars and inflate our currency to the point where our money is worthless?
Let's free ourselves from bondage and pay our debts.
We never paid off the huge debt accumulated during WWII (war bonds, 100% of GDP). Instead, we kept borrowing more and more.
But the world did not end back then, did it?
That is how the US government was dealing with its debt since 1789 -- it was paying one credit card with another. Works like a charm -- because unlike the mere mortals, the government will never retire and it can count on an ever growing tax revenues.