The national debt

Discussion in 'The Back Room' started by George Krebs, Feb 7, 2010.

  1. George Krebs

    George Krebs Well-Known Member

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    It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.

    And the U.S. government would still be massively in debt.

    http://theeconomiccollapseblog.com/...y-impossible-to-pay-off-the-u-s-national-debt