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[Demo_Chris]

41. Lots of questions...

Your comments in BOLD

What would happen to the global economy if the U.S. actually eliminated the national debt?

The debt is another issue. Obviously it needs to be reduced, and the sooner the better, if for no other reason than that a good deal is currently financed through short term notes at low interest rates. This means that if the rates head north we have a major problem when we go to roll it over. Not a good place to be.

Reducing deficit spending is certainly a desirable goal, but the time to do it is during good times. Doing it now creates another drag on the overall economy resulting in just what we're seeing, a fictional, trickle down recovery.

The reduction you are seeing now has little to do with any real changes in spending. We aren't spending less, we're spending more and ever more. Sadly, little of this is directed towards anything that has any real stimulative effect on the economy. Nor could it be, other than towards "short" term projects -- which would be great of course, and are desperately needed, but wont provide anything more than a temporary fix at the price of increased long term debt. We cannot borrow our way to prosperity.

The real changes are the ones no one in Washington is interested in talking about. In my opinion we need to reject so-called free trade in favor of trade laws that benefit the 99% rather than the 1%. We need tax laws that encourage reinvestment. We need a massive investment into our infrastructure including cheap renewable energy. We need to tax capital gains as income and impose a 'sales tax' on financial transactions. We need to end the wars and the police-surveillance state.