Posted by JD Seller on January 10, 2015 at 15:39:24 from (208.126.198.123):
In Reply to: Re: 140 acres posted by John in La on January 10, 2015 at 12:52:55:
John comparing the national debt to the GDP is a way to show how out of control the debt is. Also the Federal debt is your debt too. The Government is comprised of every person in the USA. So comparing the DEBT to the GDP is actually more in line if you think about it that way.
The national Debt is really a fictitious number. There is not a single modern era politician that can get elected to a national office by saying he will pay off the national debt. The cost cutting would need to be so deep that the entitlement people would scream murder. Then the news would say what a scrooge he was and compare him to the second coming of the Devil.
I don't think that the debt will ever be paid back. The country will have to go broke as an entirety for it to happen.
Did they close Greece up when they went belly up a few years ago??? NO!!!
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