http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/ Sun, 11 Sep 2011 10:50:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/comment-page-1/#comment-927 wasicus Thu, 03 Dec 2009 04:19:51 +0000 http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/#comment-927 A better idea would be for individuals to stop living on the credit as much as possible from today forward and work hard to pay off their past debts.If America would live within their means as much as possible,we might not solve the Government crisis,but we could sure solve our own. A better idea would be for individuals to stop living on the credit as much as possible from today forward and work hard to pay off their past debts.If America would live within their means as much as possible,we might not solve the Government crisis,but we could sure solve our own.

]]> http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/comment-page-1/#comment-926 Jantina Mon, 30 Nov 2009 22:47:40 +0000 http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/#comment-926 Thats a fantastic idea ! It would be even better if the the banks went bankrupt and all computor records destroyed of morgages , loans and credit card transactions.On a more serious note ,they are talking about printing more money but this is only allowed if the bank of England has enough gold reserves otherwise money would not be worth the paper its written on. Thats a fantastic idea ! It would be even better if the the banks went bankrupt and all computor records destroyed of morgages , loans and credit card transactions.On a more serious note ,they are talking about printing more money but this is only allowed if the bank of England has enough gold reserves otherwise money would not be worth the paper its written on.

]]> http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/comment-page-1/#comment-925 axesenzon Sat, 28 Nov 2009 18:56:01 +0000 http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/#comment-925 the US government is not them-- it's us (at least for now). Having the government pay off all debts (forgetting about the harm it may produce directly for a moment) that is still our debt, it doesn't vanish. Gov is us, we are them... its really a disservice to yourself to assume that they are not responsible to us etc... the US government is not them– it’s us (at least for now).
Having the government pay off all debts (forgetting about the harm it may produce directly for a moment)
that is still our debt, it doesn’t vanish.
Gov is us, we are them… its really a disservice to yourself to assume that they are not responsible to us etc…

]]> http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/comment-page-1/#comment-924 w_a_richard Thu, 26 Nov 2009 03:11:23 +0000 http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/#comment-924 The economy as it now based would be in shambles. Credit is maintained to pay interest. That interest pays people who have nothing to do. How loud would the protest be if they didn't get their paycheck they earned from the principle they loaned? The government, individuals, or companies do not borrow money. They buy it at the seller's price. That is called interest. The seller expects to make a certain profit margin and the buyer's decision to purchase. The economy as it now based would be in shambles. Credit is maintained to pay interest. That interest pays people who have nothing to do. How loud would the protest be if they didn’t get their paycheck they earned from the principle they loaned? The government, individuals, or companies do not borrow money. They buy it at the seller’s price. That is called interest. The seller expects to make a certain profit margin and the buyer’s decision to purchase.

]]> http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/comment-page-1/#comment-923 James T Mon, 23 Nov 2009 23:47:30 +0000 http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/#comment-923 No, because if the debts are elimintated, it would put the person/business who is supposed to get paid, out of money. They usually (if business) require interest, so they make a profit from it. In conclusion, it's good for the person in debt, but it has just as much negative effect on the other person/businessess. (What would happen to all the business loans? My mother last year loaned $300,000!) No, because if the debts are elimintated, it would put the person/business who is supposed to get paid, out of money. They usually (if business) require interest, so they make a profit from it. In conclusion, it’s good for the person in debt, but it has just as much negative effect on the other person/businessess. (What would happen to all the business loans? My mother last year loaned $300,000!)

]]> http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/comment-page-1/#comment-922 jurd Sat, 21 Nov 2009 22:49:20 +0000 http://debtreliefreviews.net/would-it-help-the-economy-if-the-government-eliminated-all-debt/#comment-922 This would create total inflation. This would create total inflation.

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