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It's not useless to try to pay off the national debt, but it is idiotic to expect Obama to pay it off within a few years. Republicans focus on the debt now for political reasons. When Bush was driving up the debt after being given a surplus, the GOP was silent because the debt was a glaring symbol that they don't know what the hell they are doing. Pubs don't have a clue on how to run an economy. Now, that Obama is in office and they want him to fail, they're screaming about the deficit. Disgusting, their narrative.
I'm content with the effort of this president to address the debt. He is realistic in tackling it and chipping away at it, while addressing the ENORMOUS other problems created or worsened by 8 years of Bush/Republican policies.
We CAN'T pay off the debt, ever. If we do we won't have any currency, this is why we can't do it. The only way to do it is to end the Fed, issue debt free currency and pay off the debt with it.
It is a ridiculous idea. I remember in the last years of Clinton there was a surplus and foreign investors complained of a shortage of treasury bills. China will keep buying them to keep the dollar strong. Some investors even favor the dollar over the euro. And I don't need to bring up the yen.
It is a ridiculous idea. I remember in the last years of Clinton there was a surplus and foreign investors complained of a shortage of treasury bills. China will keep buying them to keep the dollar strong. Some investors even favor the dollar over the euro. And I don't need to bring up the yen.
another troll post i see. you're on form today numerous posts and nothing to add to the discussion but cheap stereotyping. well dumb!
You live in America? You want to say that Americans don't believe that Jesus is coming soon? How well do you know America?
The approaching 'end times' means no future. So no debts.
clinton was president for 8 years, how many were surplus and how many did he run a deficit
He ran a deficit every year. For a couple of years we used Social Security surplus to mask the regular budget deficit but our debt still grew.
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