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The Water Cooler
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US debt deal
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<blockquote data-quote="OK Corgi Rancher" data-source="post: 4044321" data-attributes="member: 45773"><p>To quote or paraphrase an evil, old witch... "At this point, what difference does it make?"</p><p></p><p>We can't pay what we owe anyway. Out debt is roughly more than 1.5 times our GNP. We really can't produce enough to pay that. Not with the service type economy we're trending towards. The further we move away from manufacturing, the harder it's gonna be to pay this and sustain this level of debt.</p><p></p><p>We will never be able to pay this off or even pay it down substantially. We'll owe almost $11T just in interest over the next decade.</p><p></p><p>F**k it... Spend it like it's free. That's what they're gonna do anyway.</p></blockquote><p></p>
[QUOTE="OK Corgi Rancher, post: 4044321, member: 45773"] To quote or paraphrase an evil, old witch... "At this point, what difference does it make?" We can't pay what we owe anyway. Out debt is roughly more than 1.5 times our GNP. We really can't produce enough to pay that. Not with the service type economy we're trending towards. The further we move away from manufacturing, the harder it's gonna be to pay this and sustain this level of debt. We will never be able to pay this off or even pay it down substantially. We'll owe almost $11T just in interest over the next decade. F**k it... Spend it like it's free. That's what they're gonna do anyway. [/QUOTE]
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