Current Events > What would America be like if Government debt was completky paid off?

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DepreceV2
03/21/20 1:48:20 PM
#1:


Lets just say, by some miracle, the government paid off their Trillions of Dollars of debt. What would America be like afterwards? What would be different?

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brestugo
03/21/20 2:08:44 PM
#2:


Clinton did that and Bush threw us right back into it with tax cuts for the rich and 2 wars.

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TheMikh
03/21/20 2:10:56 PM
#3:


assuming balanced budget, the immediate consequence would be less war and geopolitical bullying

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K181
03/21/20 2:11:02 PM
#4:


The same except people that complain about the national debt would complain about something else.

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TheMikh
03/21/20 2:11:24 PM
#5:


brestugo posted...
Clinton did that and Bush threw us right back into it with tax cuts for the rich and 2 wars.
clinton didn't pay off the debt, he just balanced the budget for once

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uwnim
03/21/20 2:27:27 PM
#6:


It would most likely damage the economy, tbh.

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