Quote:
Originally Posted by Mutt
When a country never runs at a surplus, never taking in more than it spends, how can it ever pay back the enormous debt principal it owes to those it's borrowed from? Without just printing money out of thin air.
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If you are talking about the US, we did have a surplus under Clinton.
But the real answer is growth. As the economy grows the debt is a smaller percentage of the whole so becomes less important. Your house mortgage seems huge when you take it out but as your income grows it becomes easier to manage.