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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (760435)	12/31/2013 3:06:50 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 1575356

Statistically, DNC has done much better with debt than GOP.

To: Wharf Rat who wrote (760435)	12/31/2013 3:13:53 PM
From: bentway	Respond to of 1575356

As I recall, to pay off the national debt, we'd have to buy back all the bonds we've sold to the entire world. Then, with no debt and surplus revenues, we wouldn't have to sell bonds to finance government operations. We'd be out of the debt buying business, as a country. It WOULD throw the global economic system into a tizzy, since what would those mega-sized conservative investors BUY as a safe hedge against inflation? Chinese bonds? Remember Mao? European bonds? WWII wasn't that long ago, and that the Euro will survive is still a question. There just isn't enough gold to soak up all those bucks. That money would end up chasing the most boring and stable of stocks, driving their prices to ridiculous levels. It would be a whole new financial universe.