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Old Aug 9, 2007 | 07:50 AM
  #36  
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RB
snitches get stitches
 
Joined: May 2002
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From: Portland, OR
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Originally Posted by 98CoupeV6
No one pays the national debt. We don't have to. Would you pay off your credit cards if it didn't affect your credit not to? I sure as hell wouldn't. The USG will give you your money whenever you want, but they owe a loooooot of people and countries money.

The only thing that would pay the national debt is a planned contraction in the money supply or a budget surplus...neither will happen for a looooong time.
The only reason we're not concerned with our debt to other countries is because they have just as much, if not more, debt with us. If they were to ask for their funds, we'd simply ask for ours in return.
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