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originally posted by: ScepticScot
originally posted by: lordcomac
It grinds my gears when people think the debt can be paid.
The fact that the money was conjured out out of thin air, and loaned at interest... by definition there's more debt than money.
Shut it down while we still have the chance to get through this alive.
Yes money is conjured out of thin air (or more accurately typed on a computer screen). Therefore by definition it can be repaid.
originally posted by: WeRpeons
a reply to: ScepticScot
Government Debt = Peoples Savings. What you are proposing is that we should wipe out peoples savings and pensions.
According to the current rules. A new system can be designed to exclude savings and pensions. The entire system would be revamped. Pensions and savings don't have to be touched. Consider it free money for those who have them now to minimize the negative effect on a country's citizen's. We either do a reset or we wait until we create a hole so big we can't crawl out of. We need to look at this through a whole new perspective.