Thread: Paul Ryan
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Re: Paul Ryan
Old 08-14-2012, 04:50 PM   #12
Vampyr
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Default Re: Paul Ryan

Do we even want to pay off the debt? I thought that as long as the debt is lower than the GDP you're fine. It's not household economics - there's not going to come a day when we are actually called in to pay that debt. We can carry it forever.

I think right now the debt actually is a little over the GDP, which is definitely not good...but saying you're going to "pay off the debt" is a pipe dream and wouldn't even yield the healthiest economy. You want to have a debt. You want to have an ever increasing debt. You just want it to stay lower than the GDP.
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