[rabscuttle385]

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[SkyPilot]

Things will get so bad that Obama will declare the end of the US Dollar, and we will go to the "Amero" or whatever they want to call the new currency.

Can we "reset" our debt after that?

I am sure China would have something to say about that.

I don't know what will happen. But the biblical words about being a slave to money are a true today as ever.

[2harddrive]

Hey, hey, BHO.....!
Where did all your spending go?

[BatGuano]

Do we really think that our government has any intention of “paying off” the debt? Not in my grand-children’s lifetime!

The yearly cost of debt service alone will exceed what used to be an expensive budget. Long term, we will be further imprisoned financially by the progressives. This is their plan. WAKE UP FOLKS. We are on that slippery slope.

[Diana in Wisconsin]

‘Dave on a much larger scale,’ Ping!

[JasonC]

Interest on capital is a perfectly legitimate form of income that the lender entirely deserves. Attacking debt or interest is an unjust red herring. If you don't want the *spending*, oppose the *spending*. Not the manner in which it is paid for. If you are buying something actually worth having, debt is fine as a means of financing it, if the rates are good. If you are wasting wealth on crap you do not need, it doesn't matter a damn whether you paid for it with taxes or borrowed it - it is a waste either way.