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Anadrol 50 10-16-2007 01:11 AM

US Gov Debt
 
Since the gov runs at a deficit, will the debt ever be paid off? What percentage of taxes go towards the debt? Why does it matter what % of the GNP that it is if it is never paid off?

kimchi 10-16-2007 01:20 AM

Re: US Gov Debt
 
I think it's mathmatically impossible for the debt to be paid off. It's only serviced through the creation of money (more debt) from The Fed which digs a deeper debt hole and passes the liability onto US tax payers (ie-the middle class)

wot a mess.


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