[RLK]

There is no way of paying off this debt and interest except through encouraging inflation and paying it off with funny money.

[Norse]

>There is no way of paying off this debt and interest >except through encouraging inflation and paying it off >with funny money.

Well, we shouldn't attempt to pay off the debt, simply because although we will have to pay the debt off, we will never have to pay it off. The debt can and is rolled over to new bonds on a daily basis. Much of the debt that we hold now is not the same debt as it was 10, 5 or even 1 year ago.

Secondly, I would rather have a debt than a surplus. If there were a surplus, the government would have to actually invest into the economy in order to prevent deflation. Or, it would give a tax cut, but since political action is often delayed, the fed would be forced to take action immediately. Government investment in the private sector is socialism, and I sure don't like that!!

[Willie Green]

There is no way of paying off this debt and interest except through encouraging inflation and paying it off with funny money.

US buying bubble could burst the world economy