[tc-sacto]

1) The debt will never be paid off, further more it shouldn't...Public debt is Private Savings. When you say pay off debt what your also saying is destroy private savings.(do a search for US sectoral balances)
2) The US can never go broke: our debts are 100% denominated in US dollars that the US governemtn is the monopoly supplier of.
3) When Private spending is not happening the government must deficet spend...(.could they be doing it more effieciently should be the conversatiion)
4) In a non-covertible currency economy, taxes play the role of helping to controling money supply.(period) We don' use taxes to pay bills...ever.
5) Social Security can never go broke, again the US governement can always print money it alone is the supplier of to cover expenses.

By cutting deficit spending at this time or raising taxes we will kill any economic recovery that is slowly happening. (both political parties have this wrong because the do not understand how our monetary systme works....or they do, but don't care in order to retain/gain power with voters who don't understand how our monetary system works.)