> Does anyone really think the National Debt will ever be paid back?
No, the debt is never paid off. But we continue to pay the interest on it in perpetuity, and at a certain point the interest paid on the debt will exceed the revenue available to pay it. Note that today, interest rates are near a historical low, so it's really cheap for the government to borrow money. But if the promised (and very unrealistic) growth predictions actually materialize, the Fed will raise interest rates to put the brakes on inflation. Re-financing the existing debt will get a lot more expensive, which will increase the need for revenue to cover interest.
No Toto, we're not in Sam Brownback's Kansas. But it sure seems familiar.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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