General Discussion

customerserviceguy

(25,406 posts)

8. Paying off the national debt is a pretty good use

Fri Dec 14, 2012, 08:20 AM

Dec 2012

Right now, we're living in a fool's paradise when it comes to interest rates. If we ever get anything even remotely resembling a true recovery, mortgages will be 6-7%, and you'll be able to get 3-4% on your savings. The Treasury bill rate will rise accordingly, too. Then the costs of all the trillions for borrowing for tax cuts and wars will be an overwhelming part of the budget.

Anything we can do to reduce that debt burden now will help us in the future.

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Why NOT Raise Taxes? [View all] riqster Dec 2012 OP

There is no argument I can think of as to why not raise taxes on the rich. NONE. JaneyVee Dec 2012 #1

The problem is bouncing taxes back up on the poorest Warpy Dec 2012 #3

Oh agreed, taxes are not the only thing that need looked at riqster Dec 2012 #5

Most of the financial problems faced by the country as a whole Warpy Dec 2012 #12

The poorest are too poor to pay taxes jmowreader Dec 2012 #13

I managed to listen for a few minutes today.. Permanut Dec 2012 #2

Hard to argue with such informed and erudite people such as he riqster Dec 2012 #4

Let all the tax breaks expire customerserviceguy Dec 2012 #6

I'd pay it. riqster Dec 2012 #7

Paying off the national debt is a pretty good use customerserviceguy Dec 2012 #8

Very true! riqster Dec 2012 #9

because they just spent a billion dollars buying the republican side of the aisle spanone Dec 2012 #10

And maybe if I were part of the 1%, riqster Dec 2012 #11