[Toddsterpatriot]

We cannot get out of debt because to do so would destroy the money supply.

Have you ever paid down a loan? OMG! You just reduced the money supply. Apparently, it wasn't fatal.

[Fingolfin]

Have you ever paid down a loan? OMG! You just reduced the money supply. Apparently, it wasn't fatal.

Not fatal on an individual basis. Getting out of debt on an individual basis is the best financial decision one can make. If everyone did that though, the economy would grind to a halt. Just like what people are doing now - paying off debt, not taking out loans, and defaulting on old ones. That is the real reason our economy is in the toilet. Its like an alcoholic going through chemical withdraw symptoms, the thing that is killing him is his only hope of temporary relief.