Post
Topic
Board Economics
Re: When will the USA pay their debts, if ever?
by
LMGTFY
on 08/10/2014, 07:10:17 UTC
Never, the only way the government could pay it off in a traditional sense is if they somehow tax [current level of debt] out of the us citizens. That I think will not happen, so they will either default or hyper inflate their debt away.

Or they could reduce public spending. Britain in the early 1980s did this, and the Public Sector Borrowing Requirement became (temporarily) the Public Sector Debt Repayment.