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You mean by printing all the money it needs? Well, that would cause severe inflation, and put us in a worse situation. No one even suggested that as a solution. You didn't answer the question in any way, you just assumed they meant by printing more money. The national debt at the moment is 9 trillion dollars. Maybe that will help explain why it is yet unpaid.
What else can I help you with?
How long will it take to pay off the national debt of 16 trillion dollars by paying 5000 dollars per second 24 hours per day 365 days per year?
If there is no additional interest on the debt, so that it doesn't grow during the time you're paying it off, then at the rate of $5,000 per second, you can pay off $16 trillion in only 101.4 years.
What is a compound interest on national debt?
Compound interest on national debt refers to the interest that accumulates on the principal amount of the debt as well as on the interest that has already been added to it. This means that over time, the total amount owed can grow significantly, as interest is calculated on an increasing balance. If a government borrows money and doesn't pay off the interest, it can lead to a compounding effect, making the debt more challenging to manage. This phenomenon can contribute to rising national debt levels if not addressed through fiscal policy or repayment strategies.
How large is the national debt of the US?
Officially the estimated national debt of the United States for 2009 is: 12,867,500,000,000 However this figured does not include some long term obligations that could double the cost. In perspective if you made one dollar every second for the next 408,025 years, you would be able to pay it off (at the 12 trillion figure).
How Maupassant feels about Mathilde?
He shows her as petty and yet willing to work hard to pay off the debt.
How long would it take to pay off a debt of 80 trillion dollars?
That would depend on several variables: -- The interest rate on the debt. -- How often you make a payment. -- The amount of each payment.
What was Hamiltons plan to pay off national debt?
Hamilton's plan to pay off the national debt had three parts. The first was to pay off all war debt, next was to raise government revenue and last to create a national bank.
Why did Hamilton's want national taxes?
to pay off the national debt
Who was the president to pay off his national debt?
my mom
Why did Alexandria Hamilton proposed the first National Bank to?
Pay off the national debt
Why was the first national bank proposed by Alexandria Hamilton?
Pay off the national debt
What was Alexander Hamiltons biggest challenge?
to pay off national debt
Who was the first president to pay off the national debt?
andrew jackson
How did Thomas Jefferson's view of the national debt from that of Alexander Hamilton?
Jefferson wanted to pay off the debt; Hamilton did not.
How did thomas Jefferson view of the national debt from that of Alexander hamilton?
Jefferson wanted to pay off the debt; Hamilton did not.
How did the national assembly hope to pay off the national debt?
They confiscate the property of the Catholic Church and the emigres.
How did the national assembly plan to pay off government debt?
They would give them whiskey.
Who was the only one to pay off the national debt?
Andrew Jackson was the only president to date to actually pay off the national debt. President Jackson paid off the debt in 1835. He was a wise man by doing so. Many people get confused and believe that there is no national debt when there is a surplus. The last president to balance the budget and regain a surplus of revenue was Bill Clinton and he did it only for one fiscal year.
