If the USA were to start paying down our debt at 100 billion a year

[Winterblues]

It would take over a century and that is without adding any Interest accrued in the interim..What is wrong with that picture???:shrug: or as Cheny says "Reagan proved Deficits don't matter"..

[louis-t]

1. "Deficits don't matter" when it comes to re-election.

I really believe that's what he meant. Sick.

[Winterblues]

2. At this rate which is really quite aggressive no one alive today would see it paid off.

Just one more little reason why the world does not trust our economics..

[wtmusic]

3. $100B is less than the interest on the national debt

The US has a negative amortization...isn't there someway to package this stinky loan in a derivative?

[Winterblues]

4. Way less

:shrug: If interest rates were to climb to say 6% we would be spending more on Interest than our entire Defense budget..It is getting beyond absurd.