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Paying off the national debt

 
Smitty
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User ID: 896433
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02/24/2013 02:02 AM
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Paying off the national debt
The military got as big as it is due to the cold war and for the cold war. Then it transitioned to be the worlds terrorist fighting force, world police force, and also fighting other countries wars and preventing other countries from going to war.

If it was dramatically downsized(because we can't afford it and don't need it anymore); could the debt eventually be paid off?

The big military exists to protect against whom? Take a hard look at Russia's military these days. Is China really going to wage war against their number one customer? Without us; they have no positive cash flow. We drive and support their economy.

This Friday when the mandatory cuts set in Government wide; it's a good start; but Government still needs to be massively downsized to the minimal amount.


[link to federalbudget.com]
CeeLite

User ID: 33205178
United States
02/24/2013 02:03 AM

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Re: Paying off the national debt
Uh reading the headlines much? We need it.
Smitty (OP)

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02/24/2013 02:07 AM
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Re: Paying off the national debt
We need it for who?
Anonymous Coward
User ID: 34837866
United States
02/24/2013 02:09 AM
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Re: Paying off the national debt
OP if you think this sequester is going to happen you are a fool !
Smitty (OP)

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02/24/2013 02:14 AM
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Re: Paying off the national debt
It is going to happen:

[link to www.afsc.af.mil]

It's the easiest solution because it's automatic. No one has to do anything. And it will all be blamed on the prez. And it's all set to go.
Anonymous Coward
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United States
02/24/2013 03:10 AM
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Re: Paying off the national debt
Since there is 16.8 trillion in US debt, if interest rates spike a little - BAM. No more money of domestic gov. operations. What do you do then? Print more. Then the US Dollar becomes increasingly worth less. So do your savings. So do your wages.

Can we survive? Sure - Mexico style.

Last time I checked the peso was worth a dime. Get used to working for 8 dimes an hour at minimum wage. At least you can get a Carona for a buck! Woo hoo!

This fiscal discussion should have been had and resolved ten years ago. It wasn't. Welcome to Mexico.
Anonymous Coward
User ID: 33031321
Australia
02/24/2013 03:33 AM
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Re: Paying off the national debt
The military got as big as it is due to the cold war and for the cold war. Then it transitioned to be the worlds terrorist fighting force, world police force, and also fighting other countries wars and preventing other countries from going to war.

If it was dramatically downsized(because we can't afford it and don't need it anymore); could the debt eventually be paid off?

The big military exists to protect against whom? Take a hard look at Russia's military these days. Is China really going to wage war against their number one customer? Without us; they have no positive cash flow. We drive and support their economy.

This Friday when the mandatory cuts set in Government wide; it's a good start; but Government still needs to be massively downsized to the minimal amount.


[link to federalbudget.com]
 Quoting: Smitty


it is "impossible" to pay back the so called "debt" because "printed money" has "no value" at all. it is "debt" or fake money as soon as it is "printed" by the fed and then "loaned" to the government "with interest" they have to pay back on "rubbish paper" that is "printed" for just a few cents!

THE WORLD and its people "are conned" period!!
Smitty (OP)

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United States
03/01/2013 09:02 AM
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Re: Paying off the national debt
No sequester?
Anonymous Coward
User ID: 897791
Hungary
03/01/2013 10:42 AM
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Re: Paying off the national debt
If you scrap (most of) the military, what you make with the unemployed masses?
BOWMAN

User ID: 11309136
United States
03/01/2013 10:48 AM

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Re: Paying off the national debt
Isn't it beyond being reasonably and mathematically possible to pay off at this point? scratching


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"You have to take seriously the notion that understanding the universe is your responsibility, because the only understanding of the universe that will be useful to you is your own understanding." ~ Terence McKenna

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Smitty (OP)

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03/01/2013 10:54 AM
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Re: Paying off the national debt
If you scrap (most of) the military, what you make with the unemployed masses?
 Quoting: Anonymous Coward 897791


That makes it sounds like the military is just being used as a form of welfare. A public works project.
Smitty (OP)

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United States
03/01/2013 10:56 AM
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Re: Paying off the national debt
Isn't it beyond being reasonably and mathematically possible to pay off at this point? scratching


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 Quoting: BOWMAN


Reduce military and government spending by a trillion or two a year and in just a few years the 17 trillion will be paid off
Mr. Predictor
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United States
03/01/2013 10:59 AM

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Re: Paying off the national debt
Isn't it beyond being reasonably and mathematically possible to pay off at this point? scratching


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 Quoting: BOWMAN


not with inflation
6473madburger

a government study in 2008 and again in 2012 showed over 50% of the measured population were really, really stupid

“Barack Obama thinks his job is to lead the mob, not the country.”
BOWMAN

User ID: 11309136
United States
03/01/2013 11:01 AM

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Re: Paying off the national debt
Isn't it beyond being reasonably and mathematically possible to pay off at this point? scratching


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 Quoting: BOWMAN


Reduce military and government spending by a trillion or two a year and in just a few years the 17 trillion will be paid off
 Quoting: Smitty


Would take a huge shift in people's perspectives to pull that one off and I look around and things haven't changed that much, so at this point I would say your answer qualifies as being "beyond reason". It's a nice thought though. hf


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"You have to take seriously the notion that understanding the universe is your responsibility, because the only understanding of the universe that will be useful to you is your own understanding." ~ Terence McKenna

The Real You

[link to www.youtube.com]

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