The National Debt Myth: Debunking the Owe It to Ourselves Notion

[wvadam]

Imagine telling treasury bond holders "we" don't need to pay them back. Watch how fast the US dollar turns to dust.

[rondoottosen]

National Debt, is more than the current money supply! How can you pay back that which you don't have? Printing and inflating the promissory notes to worthlessness can be the only answer! Therefore breaking the promise!

[domesticengineerlifecoach]

All Politicians from the past up to today need to pay that bill!

[brandongnarlow]

Imagine being paid all of the money that exists in the nation PLUS INTEREST, just to make fancy paper bank notes. Wish I came up with that scheme.

[larrywallace]

It's a rigged system. I don't owe crap! I didn't borrow any money! Yet, against my will, I have to pay. Complete nonsense.

[sevensages]

FYI: THAT MONEY IS NEVER GETTING PAID BACK
😂😂😂

[bubbajones]

Can you please do a story on Social Security and specifically the math behind how much the average American will contribute over their career and the final balance with a modest compound interest?
I read and article and confirmed the math that the average American contributes about $272K over a 50 year career which at a modest 5% compound interest would net $1.2 million. This is a $60K per year / $5K per month payout of interest alone. The principle would never be touched to draw this income and that principle could be rolled over to the next generation who could receive payments without any contributions.

[MunkyWrench]

We don't pay it anyway so its meaningless

[Number_]

Those that have saving 💰 in US banks that is middle and upper income people will pay to those who lent the money. Foreign banks and tax payers.

[JohnDaniels]

a return to the limited central government enshrined in the Constitution. State governments should be the highest level of governmental policy except for those responsibilities Constitutionally entrus

[errorpagenotfound.]

But isnt printed money not borrowed from individuals?

[jaradshaw]

Ever heard the phrase the people's debt can collect interest in the constitution? NO? your 100% correct congress has never voted on the intrest thus its unconstitutional and not owed.

[mattolivier]

We owe you say? What? The national debt is money that the federal gov't owes to someone. Has nothing to do with me as it is NOT my debt. It's the debt of the gov't. I speak 5 languages fluently and have money in foreign countries. Let those politicians try to steal my money and see what happens when they try to put their hands into my pockets. NOT my debt - NOT my problem.

[patrickrussell]

If we are not individuals then what are we?

[leomidori]

Man just said the same thing with extra steps

[grayeagle]

You left out the entire "OUT OF THIN AIR" concept, my brother. Ignorance reigns regarding this subject matter and sadly, that ts intentional of a efw..

[idt]

You are one of the most clueless people when it comes to this topic and should stop commenting on it. The USA stands for the United States of America, which is a country comprised of people, which has loaned money to the government via Social Security and Medicare and the government pays it back to millions of Americans every month.