- Joined
- Jul 31, 2005
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If you spent literally ZERO federal dollars, it would take at least 5 years to pay off our debt at current tax/revenue loads.
Seeing how we need things like national defense and infastructure that would be impossible.
Which begs the question, why does the debt NEED to be paid off?
Because every time we go further into debt the value of our dollar decreases.That means it is pointless to save. What happens should those loaning us money stop lending and demand we pay them back, are we just going to tell them to piss off and then be royally screwed the next time a major emergency comes up and no one loans us money?