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Will the US ever not be in debt?

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  • Will the US ever not be in debt?

    Last I checked, the country was $22 trillion dollars in debt and the number seems to keep going up.

    Will there ever be a point where the country is not in debt? What do you think it would take to get there?

  • #2
    Thank Obama and Bill Clinton for the numbers jumping as much as they did. They didn't fix any problems. I know a lot of people like to blame Bush (senior and Jr.) for this and both men only inherited the problem but if you look at both Bill and Obama's spending, it makes no sense. They both sold America out.

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    • #3
      Nope! America will never be out of debt but as long as they keep it under control somewhat it will never become too much of a problem.
      Fun fact: January 8th, 1835. The US had a national debt of $0!

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      • #4
        No, it is not really the plan and not a correct way to handle the debt.

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        • #5
          As long as the federal reserve bank keep printing counterfeit-unbacked money the answer is no..

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          • #6
            Originally posted by mason View Post
            As long as the federal reserve bank keep printing counterfeit-unbacked money the answer is no..
            You're right
            The government need to kick the federal reserve out of the country on december 23, 2013... as soon as it 100 year contract end

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            • #7
              if we put our mind to it and get the jobs and do some exporting, sure, in about 10-20 years.

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              • #8
                God's Judgement Day will happen before we ever do. Even God doesn't have the patience to wait for us to get out of debt lol.

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                • #9
                  It's not actually debt per se. World has been parking it's fund in US Sovereign bonds or say USD. World consider USD and US safest bet to park their money. This makes the world invested in well being of US. If US fails, many countries in world will go bankrupt with it. So, if someone tells you US debt is it's weakness, you should tell them to know better.

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                  • #10
                    I mean, if you exclude the debt owed by the population then yes, I'd say it is possible. The US owes China $1.1 trillion which could realistically be paid back over a long period of time.
                    The debt owed by the US population, though? I don't know how that goes away.

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                    • #11
                      If you mean just government debt, that is more of "investment" costs than debt.

                      As for citizen debt... That could change but people have to want to change it. We can control the market by easily not buying overpriced stuff until the prices come down.

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                      • #12
                        Originally posted by H2OhNo View Post
                        If you mean just government debt, that is more of "investment" costs than debt.

                        As for citizen debt... That could change but people have to want to change it. We can control the market by easily not buying overpriced stuff until the prices come down.
                        I would love to see people take back control from the banks. We need to start teaching children now the importance of saving, smart spending, and credit usage.

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