[quote=FlyerInHi]Money maker, comparing debt to gdp makes perfect sense.
The federal debt will never be paid off because that represents savings to people who own the debt. The federal debt is an investment vehicle.
If you could live forever, you would never pay off your debts either. You would keep on rolling over your debt and increase it as your income increases. You would have unending increases in standard of living.[/quote]
Yeah right up until the interest rates rise and the cost of rolling the debt exceeds your income. Opps there goes your standard of living and most of what you have gets liquidated. Brilliant plan it’s working out so well for countries like Greece and the rest of the PIIGS. Do you guys think these things through before you say them?
