> Does anyone really think the National Debt will ever be paid back?
No, the debt is never paid off. But we continue to pay the interest on it in perpetuity, and at a certain point the interest paid on the debt will exceed the revenue available to pay it. Note that today, interest rates are near a historical low, so it's really cheap for the government to borrow money. But if the promised (and very unrealistic) growth predictions actually materialize, the Fed will raise interest rates to put the brakes on inflation. Re-financing the existing debt will get a lot more expensive, which will increase the need for revenue to cover interest.
No Toto, we're not in Sam Brownback's Kansas. But it sure seems familiar.
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Today's Featured Article - Choosin, Mounting and Using a Bush Hog Type Mower - by Francis Robinson. Looking around at my new neighbors, most of whom are city raised and have recently acquired their first mini-farms of five to fifteen acres and also from reading questions ask at various discussion sites on the web it is frighteningly apparent that a great many guys (and a few gals) are learning by trial and error and mostly error how to use a very dangerous piece of farm equipment. It is also very apparent that these folks are getting a lot of very poor and often very dangerous advice fro
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