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Show me another »My friend told me that America doesn't have to pay it's debt.?
He says we can keep issuing bonds and we won't have to pay the debt. Is this true and how does it work? Are there flaws with this?
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How can I explain to him that it's wrong?
1 year ago
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well ever other country is not paying its debt to the USA so why should they pay theirs back?
Bonds are a debt the USA issures to raise money to pay its debts. its a catch 22 system.
Bonds are a debt the USA issures to raise money to pay its debts. its a catch 22 system.
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This question about "My friend told me th… " was originally asked on Yahoo! Answers United States
Other Answers (3)
- I'm not really good with economics but eventually America won't be able to keep issuing bonds. "We" are supposed to pay the debt but with the poor economy it makes the dollar very worthless.0% 0 Votes
- 1 person rated this as good
- America does have to pay its debt. It can sell more debt because people have faith in the US that it will pay its debt.0% 0 Votes
- 1 person rated this as good
- Your dad is in some deep denial.0% 0 Votes
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