dobberx fragte in Politics & GovernmentPolitics · vor 10 Jahren

Did you know that without DEBT, the US wouldn't exist?

The colonies went into debt to fund the revolution.

The US debt increased when we spent to defend ourselves from the British invasion of 1812.

Also, we went much further into debt to buy war supplies and other goods during WW2 and yet had the biggest economic boom in our history?

fact: the US had been in debt since the beginning.

9 Antworten

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  • Major
    Lv 5
    vor 10 Jahren
    Beste Antwort

    Andrew Jackson paid it off once.

    But yeah... we are perpetually in debt.

  • That is correct in a general sense. But the government does not have to borrow money at interest. They have from the beginning been able to print money for the government to use to without having to borrow. In effect they would be borrowing on the credit of the American people but without paying interest. It's a long story however how the International money interests (banksters) got hold of the US treasury and control of our money supply. But if the Congress was more frugal and responsible we would not have ever gotten to the dangerous place we are now as a nation.

  • Anonym
    vor 10 Jahren

    That's because the economy runs off of interest. But lowering the debt will still be good for the economy.

  • M
    Lv 7
    vor 10 Jahren

    Some debt will always be necessary to fund development, but the level of debt we have now is TOXIC. We must reduce our debt.

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  • Anonym
    vor 10 Jahren

    Did you also know that the US debt at present is 14 Trillion Dollars, and equates to $275,000 for each family. in America, and if the US defaults on its repayment, it will be bankrupt in 3 years or less.

    Quelle(n): Financial Times
  • vor 10 Jahren

    The difference is that in the examples you cite, the USA had the means and the will to pay the money back. That is no longer the case.

  • vor 10 Jahren

    Only a banker would try to sell the idea that debt is required.

  • Anonym
    vor 10 Jahren

    Pure BS.

    We can exist with or without debt.

  • Anonym
    vor 10 Jahren

    of course, i do not recall any president ever having to balance the budget without credit

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