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WDEL Blog: Allan Loudell

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.)


http://qz.com/31144/how-the-us-last-paid-off-its-debt-by-stealing-land-from-native-americans/

Posted at 6:12am on November 29, 2012 by Allan Loudell

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Comments on this post:

teatime
Thu, Nov 29, 2012 9:05am

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!

http://www.tradingeconomics.com/united-states/gdp-growth

kavips
Thu, Nov 29, 2012 6:24pm
Changing the subject, but the BBC is reporting that over the past 20 years, sea level has risen 11.1 millimeter.

Someone said "that's not much" but when you look over the entire globe, and think how much ice had to melt to make that change... it is scary.

http://www.bbc.co.uk/news/science-environment-20543483

mrpizza
Thu, Nov 29, 2012 7:10pm
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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