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It Is Now Mathematically Impossible to Pay Off the U.S. National Debt


A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don’t realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.

And the U.S. government would still be massively in debt.

So why doesn’t the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?

Well, for one very simple reason.

That is not the way our system works.

You see, for more dollars to enter the system, the U.S. government has to go into more debt.




Post Continues on theeconomiccollapseblog.com





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Posted in 2012 Election, Economics, Government, Law, Politics, Taxes
35 comments on “It Is Now Mathematically Impossible to Pay Off the U.S. National Debt
  1. wisdomcries says:

    This article must be false I heard Micheal Moore say we have plenty of money and OWS said if we tax the rich everything will be just fine.

    • brian says:

      WOW! with M.Moore and OWS saying it , IT HAS TO BE TRUE, yes lets just take the word of an overweight documentary maker with little formal education and a bunch of 60's wannabes that are CLUELESS over educated economic professors, YUP that ought a do it!

    • jjkrjw says:

      How about if we just default on our debt to China and call it payment for all their theft of our hi-tech intellectual property? They don't invent anything themselves, just steal from us.

      • Rober S. says:

        China was given access to Information from the Hannford site in WA. state while Gov. Locke (also Chinese) was in office, and working with Pres. Clinton in trade deals with the Chinese, Locke is the one who brought them together.. The Treasury Dept. was investigating this incident of how the Chinese walked out of Hanford with top secret information on Missle and Nuke technology ,the AG now Gov. Gregoire was
        stonewalling the investigation, much the way Holder is doing for Obama. Evidently the Investigation didn't get much or was shut down to not embarrass the Clintons , and look who is Secretary of Commerce working closely with the Chinese and Obama…..Gary Locke. now Obama has his Science Czar in China giving them our Technology about our space program that Obama has pretty much destroyed.

      • DonJ says:

        China still owes us massive amounts of money we loaned it WWll.

  2. pierce says:

    All of a sudden it's impossible. It has been that way for quite some time.
    If the truth be known, it was never intended to be that way.
    It is ironic, people have to, but the government does not.

    • Frag says:

      What everyone fails to realize is that our money IS debt. It can never be repaid because the interest always exceeds the money supply.

  3. I want to help America get out of this crisis.

    • Thomas says:

      Ricky,

      You want to help, then I have the business model to do such.

      I can sell a product/service and rebate 100% to the buyer, or make all monthly financed payments.

      Just need a person that can help start and run this venture.

      Thomas
      thomasadair@live.com

    • rafael says:

      Take the 540 Retarded Imbeciles in congress and feed them to the sharks;take all they own,bank accounts, property,mansions; Delete the U.N. from the map, take everything away; stop Foreign Aid; Illegal Aliens get the hell out of my land; stop acorn, npr, epa, labor and justice department , put them to pick up garbage for free, seiu, la raza, unions,black panters, tsa, Obnoxious Whiner Syndrome , drug dealers, soros billions;napolitano, holder to hard labor;
      Drill baby Drill ; stop import from china and other foreign countries, china I do not own you jack s…., sue me if you like; stop all wars, bring the troops home ; all muslim out of my land, stop immigration( at this moment the government imports 150.000 foreigners every month + lottery visas, refugees, political asilum, illegal students,visas overstay; after this we going to be back in business in no time; no congress no potus; the Nation will be run by Seniors and Veterans
      for a 2 years term and for Free.

      • brian says:

        How cold that possibly work, above we have a genus comment that Michal Moore and OWS say we have lots of money and there is nothing to be concerned about, OF COURSE I AM BEING SARCASTIC! GREAT COMMENT WITH SOME INTELLIGENCE, KEEP THE FAITH

    • c stan says:

      You can Start by Voting and being Pollitically active… or, Help Educate the oppositions "Usefull Idiots" (who seem to Follow their Masters to their own doom) so that they will no longer be Idiots, or usefull to the Commie Globalist Whacko's!

      • DonJ says:

        Ron Paul is the ONLY candidate that will follow the Constitution. Audit the Fed, bring the troops home, remove the immigrants here illegally, balance the budget. That is just 4 reasons to make Ron Paul the candidate of choice.

  4. Carl says:

    If the federal reserve decieds to print money as they have just in the past year, they will and this administration and its thugs do not care about what happens to america. Obama is trying to move us to one world government as soon as possible

  5. Mike says:

    only way I see is to remove all person who did not put into the federal return programs. this would be a good starting point. second is to lower or remove all free money to those countries we give to now.

  6. msbets123 says:

    Well if this isn't a big piece of NO SCHIT news!!!!

  7. TedRWeiland says:

    "Nowhere does Yahweh’s law provide for government borrowing, and it limits private debts to seven years (Deuteronomy 15:1-11), resulting in the following blessings:

    'At the end of every seven years thou shalt make a release. …Every creditor that lendeth ought unto his neighbour shall release it…. Only if thou carefully hearken unto the voice of YHWH thy God, to observe to do all these commandments which I command this day. For YHWH thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee.' (Deuteronomy 15:1-6)

    "In 'The Nature of the American System,' R.J. Rushdoony described the illusion of a balanced budget under the United States Constitutional government:

    '…although politicians may promise a balanced budget, they are more likely to gain the power they desire by increasing debt, for in a debt-free country, the citizenry is strong and the civil government is limited. In a debt-ridden country, taxes increase, liberties decrease, and the civil government, increasingly less responsive to the will of the citizenry, increases its own power over the people even as it vastly enlarges the power of the invisible government over all.'"

    For more, see "Article 1: Legislative Usurpation" at http://www.missiontoisrael.org/biblelaw-constitut….

  8. Steven says:

    We passed the point where SEIZING all wealth would pay off the debt DECADES ago. The headline is still misleading. It CAN'T be mathematically impossible to pay ANY amount of debt.

  9. Joyce from Loris says:

    This must be an older post, as the author said our debt was $12 trillion. As of the first of this week, our debt rose above $15 trillion. Our GDP was listed as 118%. But hey, what a few trillion dollars, huh?

  10. J J says:

    I don't know how Obama and his cronies can look at themselves in the mirror. They DO understand what they have done to this country and they just don't seem to care. Obama's Super Committee couldn't come up with any methods to cut costs so let's just keep spending and see how that works out for us.

  11. larryhagedon says:

    This article is bogus.

    If it were true, we would never ever have been able to pay down our national debt or pay it off, ever; yet at times over the years we have done both.

    The new money the treasury prints is sold to the Fed at the cost of manufacture, pennies on the dollar. The Fed injects billions of dollars of this new money into the economy by loaning it to banks at low interest rates. The banks can hold it in reserve, to maintain their legaly required reserve, or loan it out at higher interest.

    It is this money that often pays for our cars, homes, boats and refrigerators. When we pay the money back to the banks, with interest, the banks can pay the Fed back, or pay the interest and loan the money out again.

    The Fed by law, pays almost all of their profits to the US treasury. If the article mentioned that, I mssed it. This year it is around 80 billion dollars that the fed is paying to the US Treasury.

    This nation is great because of Free Enterprise, not Communistic federal ownership of businesses. Why would we want to nationalize the Fed, where congress and the President would then take their hand at managing it?

    This whole issue about killing the fed is designed to give the power for managing and protecting our monetary system over to Congress and the President. This is not a prospect I find comforting.

    • MLH says:

      The Federal Reserve System of Monetization of Debt made it impossible to ever pay off the debt ab initio ! See the book Titled "When Debts Come Due". In essence, since the debt notes issued into circulation are at interest to the Fed, the "money" to pay that interest can only be made available by issuing more debt as "money"! It is a giant revolving credit card that can never be paid off. It was designed that way so that the banks would eventually own all gold, property, and people (study UCC Section 9, Certificated Securities, and you will come to realize the true nature of your Birth CERTIFICATE. ;))) You may also want to see the Bankruptcy of the USA Reorganization Plans under Title 5 USCA in the Appendix! ;)))) We are all under EMERGENCY rule and NOT the Constitution since March 9, 1933 due to this Bankruptcy. ;))) Also see Downs vs Bidwell to improve your understanding. :))))

  12. Stephen Russell says:

    China now owns our debt.

    • MLH says:

      Not exactly correct. The Federal Reserve Bank owns the debt of the United States. China is HOLDING many Debt Instruments (Federal Reserve Notes) issued by the Fed which are secured at Interest by US Treasury Bonds which the Fed is HOLDING. The Fed is being paid Interest on its Holdings (the Bonds ) where China is NOT! ;))))

  13. Larry says:

    I do have to say that not jest Obama is irresponsible for the financial mess this country is in today but the SOB Barrack Obama has spent more money and protected more of the rich and big corporations than anyone before him while he says that We the People are the ones that should be getting this money. At the same time he is saying this he continues to take more and more from us the Poor and the Middle Class and give to the rich but so many of his supporters continue to back him. So now he not only has many of the rich that continue to support him he has many of the poor and middle class that continue to support him as he takes us deeper and deeper into debt and lie to every one of us. The poor and middle class that continue to support him are unable to see through the smoke and mirrors Obama has been and continues to use to blind them.

    • William says:

      I have previously posted the following comment and am re-posting it to give everyone something to consider.

      For too long the voices of “We the People” have gone ignored. It is time that we send a message that will resonate for generations to come.

      Policy after policy our Congresspersons and Senators have voted against the will of the American people. 2012 represents our chance to set things straight. Obama alone is not responsible for the problems destroying our nation.

      Come 2012 we must come together as a nation and send out an irrefutable warning that We the People will not be defied any longer.

      Come 2012 we need to vote out every incumbent up for re-election, that’s correct “Every” incumbent. Starting with the Primaries.

      Such an action would show all politicians that we’ve had enough. It would also serve notice to all of the newly elected that come next election, if they have not acted purely in the interests of our nation and it’s citizens that we will put them out also.

      We must remember, these people are not our “Leaders” as many now call them. They are elected representatives our “We the People” and that under our Constitution they answer to us not the other way around.

      That’s right, they work for us, the People!!! It’s time to remind them all.

      2012 Vote Out All Incumbents!!!

  14. Isaac says:

    tHE GOVERNMENT SHOULD OPEN AS MANY CASINOS AS POSSIBLE ( MUST BE CONTROLLED by government )
    NO OUTSIDERS.

    IT WOULD BE VERY SURPRISING THE AMOUNT OF CASH THEY WOULD GENERATE.
    ITS UP TO THE PEOPLE TO GAMBLE..
    LET THE GOVERNMENT EXPERIMENT WITH THE IDEA,

    I

  15. ricbee says:

    It's articles like this that leave me cold. A few more headlines like that & I'll be reading something else.