I just don't understand why they have so much debt, it is impossible to pay back there is not enough money in the world to repay all the debts!
It is only so the banks can make money, The people should rise against this.
The time has come our country's took over the production of money again, how is it possible that someone else controls that..
the US makes around 6-7 trillion $ tax revenue each year (including state,local and federal taxes). So its possible to pay back these loans with less spending and higher taxes.
I think it has been mathematically proven to be unpayable.
http://theeconomiccollapseblog.com/archives/it-is-mathematically-impossible-to-pay-off-all-of-our-debtWhat are you going to do, stop paying the military, social security?
Every year you are spending a lot more than you are earning the reversal of that will be painfull and the public would spit their dummys out.