uscitizen
Villified User
Rubbish. It's not like our debt as % of GDP hasn't been this high before - it's been higher. They dealt with that in the 50's and late 40's, which was a time of unparralled prosperity.
They dealt with it or do we still have that debt from the 40's and 50's as well as the trillions from recent years?
Heck the bonds that paid for the S&L Bailout are just maturing I think. 30 yr treasury bonds.
Plus SS seems to be reaching the turnover point of surpluses soon so the govt will have to start redeeming 2.5 trillion in treasury bonds soon to pay SS benefits.