Does any country,regardless of what ever political power is at charge truly ever wantr to be totally out of debt?DETAILS?

Similar questions: country political power charge wantr totally debt DETAILS.

It's not that. Being totally debt free is really poor use of the country's assets. Some debt, particularly long term debt for building highways (for example) makes sense, because those are assets that will never go away.

Furthermore, paying in cash for a highway or an airport means that nothing would ever get built, because a lot of these things are paid for over time. There are parallels to how you use credit at home. It makes sense to finance a car or truck, because it is an asset that has a long life - 8-10 years.

I makes no sense to use credit on a trip to McDonalds, because there is no lasting value to the asset.

Actually, it's more a factor that if you owe people money, they are slightly less likely to tell you to go jump off a cliff...

Every country should strive for that. The US has been in debt since it started, but has come close to paying off the debt several times.

Uh... even if your country had no debts, it would still tax. The country taxes people as long as it provides services for them. Debts happen when they decide to provide services but NOT use taxes to pay for them.

If your country is in deficit it's because you're paying too little tax, not too much. Either that, or your country needs to provide fewer services (or at least provide them in a cheaper way). There's actually good economic reason to remain in debt, because debt provides economic leverage to grow faster.

That's why most corporations have large debts, and they can't impose taxes. They have to make the debt payments from revenue. A nation doesn't need debts to justify taxes; they are the only revenue it gets.

A nation gets to force its services on people, while corporations don't (at least in a functioning economy).

Very true,I didn't mean reduce tax I meant keep increasing it. Thanks! Squeeky-changes-suck 15 days ago .

Taxes have been declining consistently for decades. That's only been possible because of the debts, not the other way around. It's true that the debt means that we're going to have to pay more taxes, and hard.

But the intention wasn't long-term control. Instead, it was a spending spree by the Baby Boom generation. They'll be dying off just as the debts come due.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.