What do u think America should do to get rid of its debt?

The U.S. national debt is at an all time high of 8 trillion dollars. If private companies (mostly banks) and countries like china, japan, saudi arabia and the uk stop lending money to the U.S. there is going to be some serious problems and japan already has a national debt of 160% of its GDP and pretty soon they're going to want that money. Bush and his gang is using the motto "Party now think later" and they already have a new bill to increase spending. If this continues the future of america is well .

Answer:
Ideally US should not have had such large debt. But rich and wealthy countries have problem. The low end of the products they import from the cheapest source but the high technology products where they are competitive, the poor countries do not have much income to buy with and consume. So China has to lend to US if it has to grow and keep its wrkmen employed. They will be satisfied to keep the dollars they earn invested in the USA till they become rich enough to afford a style of living that would make them interested in buying what USA is capab;e of producing cheaply. But Japan has become used to depend on investing in US and keep strong economic ties with US till the US remains the economic power position it has benn enjoying for decades. So do not worry about this. Rather let the US govt. curtail its unproductive expenditure and invite more foreign companies to invest in US in export-oriented goods.

bring the boys back home

Dissolve the UN.

Bake sale!

We pay taxes for wellfare and planned parenthood every year if we cut out those programs and actually make people work for what they get then we could pay off our debt.

They must stop pretending to be the worlds police force and take care of things in their own country first.

Guard the borders and not let ANYBODY in without a passport!

stop the war, stop friviolus spending

Getting out of Iraq would save hundreds of billions. Legalize Prostitution, marijuana, and on-line gambling; they could regulate it and earn billions in tax revenue.

As far as i amconcerned America gives and gives and gives to these countries and they turn around and say "thanks for the gift, by the way this is not coming off of your debt tab, and oh yeah, we just increased the intrest rate on that too, so when you gonna pay?" when we just gave them millions of dollars for relief or to help with a disaster. THat is bullshit,
There IS NO DEBT, we dont owe them **, and we give enough to for that to be clear, ** JAPAN, CHINA, UK, Saudi Arabia if they say we owe them trillions of dollars. Cause we dont, and we give them money all the time, and it dosent come off the tab, it is looked at a s a gift, not a payment of debt. If we stopped giving the world all the moiney we do it would shut down. Why cant people see that. AMERICA DOES NOT OWE ** TO ANYONE, ESPECIALLY NOT 8 TRILLION DOLLARS, bush should dissolve the debt and if anybody says anything about it, stop sending them the gift money we always give em and see how they do on a diet. The NAtional debt is not real it is there to scare us, into thinking we owe, but we dont owe **.

kick out all republicans

Why would the US want to get rid of its debt? Growth requires cash flow due to differences in timing.

As long as the money is being used to fund investment (i.e. not wasteful programs), debt is not bad.

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What do u think America should do to get rid of its debt?

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