How the U.S. last fully paid off its debt: You might be surprised
QUARTZ (The ATLANTIC's new strictly digital site for global business news & views) offers this provocative piece, "How the U.S. last paid off its debt: By stealing land from native Americans". (Also check out the piece about how some of America's richest people stand to profit from the fiscal cliff.)
Well the answer is simple then: Let's invade Saudi Arabia and Kuwait and use their oil to pay off our debt.
Bring on the Arab Spring!
kavips
Thu, Nov 29, 2012 5:39pm
That is what we tried in Iraq. Unfortunately the indigenous native population of Iraq, didn't want to give it up....
kavips
Thu, Nov 29, 2012 6:17pm
Todays announcement that the growth rate of this quarter had reached 2.7%, makes it tied for the fifth best quarter of growth since..... first quarter of 2007!
I'm not surprised at all by this. The U.S. government is one of the largest criminal enterprises in the world. Now that there's no land left to steal, they're going after top wage earners first, then 401-K's, and eventually they'll even find a way to tax the 47%.
I think Teatime may be on to something with that Saudi Arabia thing.
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