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?
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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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