Honest Question.....At what point does the National Debt get too high to ever pay back?

[KansasVoter]

Believe me, I know this is a Reagan and Bush 1 and 2 issue. Clinton fixed the damn issue and Bush 2 jacked it up!

Does anyone know at what point this becomes a problem that is not possible to fix?

It is honestly scaring the crap out of me but maybe I am uninformed.

[rucky]

1. Six years ago. n/t

[Turbineguy]

The point were we can no longer produce our way out.

Going into debt while exporting jobs.

[CK_John]

2. Your problem is you believe money is real. Money is a concept. n/t

[AngryAmish]

3. What they do in the third world

The debt is lower than in many countries right now. The problem is we dopn't want to act like Russia, Argentina, etc. (They defaulted).

We could default but the most common answer is to inflate your debt away. Since US debt is paid in dollars, you just print dollars.

But that screws over seniors and other who rely on savings. Plus you may not get loaned money again on suych favorable terms - US gets favorable terms since we don't default or inflate the debt away.

[DrToast]

4. I'd start really getting worried when it reaches 150% of GDP

We're not even close to that yet.

[uponit7771]

6. yeap

[uponit7771]

5. When the rich can't reduce it by half in 10 years

[timeforpeace]

7. It's probably happening as we speak.

[JoePhilly]

8. Debt only matters when the Democrats are in power ...

When the GOP is in charge, the debt level suddenly becomes irrelevant.

So, if we want to stop worrying about the deficit, we just need to put the GOP back in charge, and then voila ... the debt does not decrease ... but it stops being a problem.

[CreekDog]

9. You don't have to fully pay it back --unless the United States is planning to retire

are we?

:eyes: