15 Trillion, Will we ever pay it down?

[gshase]

The US Government is spending (+-) 40 % more than they take in. How many days will it take to pay off the debt of just 1 day (40%) over budget spending? They will have balance it and then reduce it by what 7 to 10 % to make a dent in the 15 Trillion. I bet it will take at least 10 days to pay off each single day of overspending. So in the year 3500 we could get rid of all the national debt? Does this sound right or am I a dreamer?

[trekkor]

Can the US or any other go BK or flat default at will?

I don't know the 'rules'.


KT

[dipso]

Originally Posted by gshase

The US Government is spending (+-) 40 % more than they take in. How many days will it take to pay off the debt of just 1 day (40%) over budget spending? They will have balance it and then reduce it by what 7 to 10 % to make a dent in the 15 Trillion. I bet it will take at least 10 days to pay off each single day of overspending. So in the year 3500 we could get rid of all the national debt? Does this sound right or am I a dreamer?

Probably never pay it off. All countries have debt.
Usually the nicer a place is to live, the more debt that country has. The worst and poorest countries have the least debt.

This is old, but nothing has changed.
News Headlines

[Tervuren]

I'd rather live with few things and little debt to go with it.