Canada And Terrorism

[freeskier8585]

5. Pay our Darn National Debt off.

Worst idea ever, you do realize that the national 'debt' is what keep the economy running so smoothly? The debt gives the fed the ability to buy and sell treasury bonds/notes (largest portion of us debt) on the open market, which regulates interest rates. Only 14% of US debt is owned by foriegners, and do you know why? Becuase they feel the need to invest in a stable economy with good growth and returns. Most of those notes arnt owned by goverments either. Most of the debt (86%) is owned by guys like you and me, who own govt bonds and notes. Thus paying off the debt would be pro cyclical and devistating to our economy.

edit: cant form good sentances

Edited June 10, 2006 by freeskier8585

[RAzOR]

Worst idea ever, you do realize that the national 'debt' is what keep the economy running so smoothly? The debt gives the fed the ability to buy and sell treasury bonds/notes (largest portion of us debt) on the open market, which regulates interest rates. Only 14% of US debt is owned by foriegners, and do you know why? Becuase they feel the need to invest in a stable economy with good growth and returns. Most of those notes arnt owned by goverments either. Most of the debt (86%) is owned by guys like you and me, who own govt bonds and notes. Thus paying off the debt would be pro cyclical and devistating to our economy.

edit: cant form good sentances

$33k for each man woman and child sounds like a lot. BUT you could be right. Why can't we get a few pages on putting the national debt into some perspective for us? Is that too much to ask of our news media? Evidentally. Thank God for the internet.

Edited June 11, 2006 by RAzOR

[freeskier8585]

it does sound like a lot, but think, the more money foriegners and US citizens alike invest in the united states, the less likely they would be to want to collapse, and for this i see the 14% as a good number. If it was higher itd be better i say, the more of a vested interest foriegn nationals have in the us, the more stable as a world power we could be.

[RAzOR]

it does sound like a lot, but think, the more money foriegners and US citizens alike invest in the united states, the less likely they would be to want to collapse, and for this i see the 14% as a good number. If it was higher itd be better i say, the more of a vested interest foriegn nationals have in the us, the more stable as a world power we could be.

You are right. 14% might be just fine. We just don't know and those who do, don't make it clear or available so that you and I can make better decisions.

God only knows how indebted many Americans get with mortgages, auto loans, credit cards, etc.

[freeskier8585]

people want the us govt to have a balanced yearly budget, and dont get me wrong i am all for fisca responsibility, however if you compare the federal goverments total debt to its income, it is 10% lower than the average american's ratio.