How to get rid of government debt?

Saturday, November 21st, 2009

How to get rid of government debt?

Nick T asked:

Isnt it simple. All the government is gotta do is build several money making facilities in secret. Like area 51. Then start printin money and payin off all the people it owes money to. Once the debt is payed off the facilites shut down and are never heard of again…

Remwmber only the government would know

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11 Responses to “How to get rid of government debt?”

Nixon Back Again Says:
November 21st, 2009 at 11:47 pm

Zimbabwe tried this & the prices were rising as people queued in the supermarkets.

Investigate how inflation links to the money supply.

Socialist Democrat Says:
November 22nd, 2009 at 1:59 pm

I see you failed Economics 101.

aaronmk2 Says:
November 23rd, 2009 at 4:41 pm

If only it was that easy.

Guru Says:
November 25th, 2009 at 5:00 pm

That would raise to many questions and suspicions if debt was paid of so fast and easily.

Number 6 Says:
November 26th, 2009 at 9:08 pm

goooo!!!! inflation

no only way to do it is raise taxes and cut spending

veggie boy Says:
November 29th, 2009 at 10:47 am

Printing more money leads to inflation. You and I would pay the debt.

The real trick to getting rid of debt is not creating it in the first place. The trick to that is not electing a moron who thinks he can spend his way out of debt and increase taxes enough to cover it all.

tacotorch Says:
December 1st, 2009 at 4:08 pm

Our problems are much more complex than that, we have a government that’s spends at a blinding rate, they spend all the taxes collected, all the Social Security taxes collected, any and all revenues collected by the government and then they run a deficit by borrowing even more and spending that. We simply can’t continue without risk of bankruptcy. We need a balanced budget amendment that can’t be broken, then we should privatize Social Security, then we should move too a consumption tax, no more income taxes or subsidies, we can’t afford all this meddling in foreign countries and huge military budgets, a couple cents sales tax could be locked into paying down the debt so the grandchildrens grandchildren aren’t paying for what we spend now.

Pastor Phil Says:
December 4th, 2009 at 8:00 am

Obama just printed more money than has ever been printed under any previous administration and borrowed more money from foreign banks than all previous presidents put together. Then he spent it to support useless programs. We now owe more money than can be repaid in 100 yrs of taxes. The US dollar is worth less against all foreign currencies than ever before. Just print more worthless currency?

female W Says:
December 7th, 2009 at 2:04 pm

Well….if USA don’t stop borrowing money and PRINTING money there will be no more secretly build facilities like Area 51:)

badbyrd Says:
December 9th, 2009 at 12:53 am

We are printing money is a secret place. Its called the Federal Reserve. Did you know the Federal Reserve has never been audited? That meens they can basicy do what they want with your money and even demand they print more out of thin air. We are in for some major inflation at the rate we are going. Notice all the “We buy your used gold for cash” commercials? its because investers know the truth. Gold will be the only stable currency. Our dollar willl became worthless. China has already, changed all thier dollars to Euros. The dollar is hollow. thats why in no longer says. “A dollar in silver” or a hunderd dollar bill no longer says “Gold certificate” on the bill. Did you know it used to? Thats because it was actualy worth something.

riseball Says:
December 10th, 2009 at 9:07 pm

Simple,get rid of this administration

How to get rid of government debt?

11 Responses to “How to get rid of government debt?”

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