At what point will the growth of the federal debt
 

...cause a total breakdown of our financial system? I personally do not see at any point in the future that the national debt does not continue to grow as I do not see at any point when there will not be a federal deficit. In my opinion to continue to grow the federal debt...simply cannot be sustained...indefinitely. So what is the breaking point?

Dec 12, 2012?

12-12-12 does sound ominous. That being said I think the spending will eventually have to stop and while the dollar maybe in the shitter there are too many other countries invested in the US to let it get so bad it cannot recover.

the spending will die off one day.

Since I cannot see a future where revenues will increase to the point that revenues will cover expenditures...one would have to think that it has to die off...but this will of course create a whole set of other problems...as in order for it to die off it will mean that a multitude of government jobs will have to die off...a multitude of social programs will have to die off...and military spending will have to be drastically decreased.

Yep, if they want to do away with the debt they have to either increase the amount they bring in or cut the amount that they spend. Since every president for the last 80 years has had a bigger budget than the president before him I don't see an end to the spending anytime in the near future. Which means they will either have to increase taxes or just let the debt continue.

Realistically we can sustain the debt forever, unless those that we owe demand payment and when they don't get it they decide to stop investing in the country. Technically we could just keep printing money to pay out bills, but if other countries stop covering our debt then the value of our currency will continue to drop and soon it could turn pretty ugly.

Printing money will eventually mean that the money becomes worthless and to continue to borrow money is not sustainable as the interest is currently something like the 3rd or 4th largest expenditure the government has.

I am sorry to think it...but I think the future of the U.S will not be as bright as its past.

Maybe that's the trigger for the next world war.

every other country is printing money at the same rate.

If that were to be true...how does that put the U.S. in a better position as regards the future of the country?

They need to change the budget rules, I've heard about some gov places wasting needless money so that their budget won't go down the next year.

Well...I know that in the case of the military that is the case...use it or lose it...and I suspect this to be applicable in many departments of government.

Anymore input?

lol its not a mistake, the US Gov is, on purpose, bringing down the economy - total fucking collaspe.

believe in those conspiracy theories before its too late.

Anymore reasonable input?

:thumbsup

singularity of debth over all money in system will make all go crash !

It sure looks that way.

Why would they do this? What would they stand to gain?