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US national debt
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<blockquote data-quote="av8torntn" data-source="post: 861451" data-attributes="member: 8259"><p>That's probably untrue. Our national debt is close to the amount of our GDP. If you include our obligations you exceed our GDP. The only way to pay it back is through inflation. This lowers the value of the debt. A balanced budget does nothing to reverse this problem.</p></blockquote><p></p>
[QUOTE="av8torntn, post: 861451, member: 8259"] That's probably untrue. Our national debt is close to the amount of our GDP. If you include our obligations you exceed our GDP. The only way to pay it back is through inflation. This lowers the value of the debt. A balanced budget does nothing to reverse this problem. [/QUOTE]
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