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The US does have more important and unresolved domestic problems but there are vanishingly few that could be solved with just more money.
by spindritf 12y ago
The US does have more important and unresolved domestic problems but there are vanishingly few that could be solved with just more money.
- cmdrfred 12y agoCorrect, but the majority of them can be solved with a more equitable distribution of said money.
- tn13 12y agoUS debt is one problem that can be solved purely by money and nothing else not especially Obama's rhetoric.
- dkokelley 12y agoI have a feeling this thread is leading down a very nonproductive path, but I'd like to salvage something of value from it and discuss the consequences of the national debt. http://www.npr.org/blogs/money/2011/10/21/141510617/what-if-we-paid-off-the-debt-the-secret-government-report http://www.npr.org/blogs/money/2011/10/21/141510617/what-if-... I'd like to challenge the notion that the national debt is undisputedly a bad thing. The majority of the U.S.'s debt is in the form of treasury bonds - widely considered the most secure form of financial instrument. If the treasury bond can't be paid by the U.S., there are much bigger problems (such as the government of the largest national economy in the world collapsing). The treasury bond is utilized worldwide for its stability. It is used to moderate economic growth, and to stimulate it when it slows. I'm not convinced government debt is entirely good, but I'm also not convinced that things would be better by paying it off.
- Retric 12y agoThere was actually a lot of economics saying the possibility of the US paying off the national debt in the Clinton years would be a bad thing. Unfortunately, 2 wars, massive tax breaks for the wealthy, and a 2 recessions have taken care of that problem.