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Given that roughly 3/4 of the U.S. National Debt is held by or depending upon by average citizens, I hope to God they don't ever talk about just writing off the debt. That will destroy, overnight, the retirements and savings of millions of people that spent a life time building whatever little bit they have.
I'm not sure where writing down debt at the level of many trillions comes from, but the only time I've seen that happen in history is following a war, which the forgiven nation almost always lost in total terms.edit on 29-11-2013 by Wrabbit2000 because: (no reason given)
reply to post by jimmyx
destroy EVERYONE that has over a millions dollars.. and destroy ANY heirs to their ill-gotten wealth.
ALL wealth is Ill-gotten.. everyone chooses the EASY route of "going along, to get along".
when someone can Profit off of:
1. the HUNGER of others..
2. the HEALTH of others
3. The SHELTER of others.
the whole system... AND EVERYONE who has benefited from it NEEDS DESTROYED..
if you own more than ONE house, you should be completely DESTROYED.. because you are taking another's NEEDS and found a way to personally PROFIT off of someone less fortunate..