It Is Mathematically Impossible To Pay Off All Of Our Debt

Zero Hedge ^ | 5/22/15 | Michael Snyder/Tyler Durden

[fhayek]

...but lets talk about global warming and gay...anything...instead.

[SvenMagnussen]

An ineligible President assuming the Office of the President of the United States voids its debt. It’s the reason Obama was installed.

[Jacquerie]

Since members of both houses of congress are popularly elected, reelection is job #1. There is no #2.

[Cringing Negativism Network]

This is the result of BOTH parties sending America’s businesses to China.

Bring them back.

[Zeneta]

I completely disagree with the premise of the story.

I would agree if our country continues on its current track, however because of this debt,something has to change.

And it will.

[fhayek]

I now have two (little) grandchildren. I just worry about them. What are we leaving them?

[The Antiyuppie]

Wrong. Devalue the dollar 90% and it becomes no problemo.

Then, the few working people in 2025 will have no problem paying $100,000 a year in taxes to help the oldsters, so that they can eat from “nice” garbage cans. This, I believe, was what happened in Russia, when the monthly pensions that the USSR gave retired people might buy a decent meal out - a month.

[Popman]

Paying off the debt is easy...it fiat money after all...

reissue dollars at 10 cents on the dollar...

Of course Americans will be in poverty, but hey, we’re debt free...

happy days are here again...

[HiTech RedNeck]

Someone’s going to take a bath.

[The Ghost of FReepers Past]

Yes. And what we need to do is spend more.

[fhayek]

There are easy answers, but the repercussion that people have to live through are hard. The currency dies, and people lose the fruits of a lifetime of work. I hope it doesn't happen, but it just seems like, one day, they will be one hell of a day of reckoning.

[kabar]

I completely disagree with the premise of the story.

Denial just ain't a river in Egypt.

[CGASMIA68]

whats this we stuff..

[kabar]

There are easy answers

Give me a couple

[fhayek]

Repudiate the debt. Inflate the money. Financial armageddon.

[CPT Clay]

bump

[al baby]

Not being able to pay off the debt is not news to most of us here, we knew that trillions of dollars ago

[HiTech RedNeck]

The currency goes kaput, or the investments backed by this impossible debt go kaput.

The Hebrew Jubilee looks more and more and more like it was inspired by God... [I am a believer, I’m being sardonic here]

[fhayek]

But now we have Math to back us up...

[St_Thomas_Aquinas]

or the investments backed by this impossible debt go kaput.

What we have are IOUs written to ourselves. It's a very strange situation.

Anyway, we all know that SS will come to an end. And in practice it will mean most parents will have to move in with their children, which will probably be a good thing. It's the way it was done for generations before the government stepped in.

Everything the government does serves to break down the family --which Marxists rightly regard as the bulwark against the totalitarian state.