answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why doesn't the US pay off its national debt?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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 the national assembly hope to pay off the national debt?

They confiscate the property of the Catholic Church and the emigres.


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 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 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.