Arguments Against Paying Down the National Debt

    When the government pays down the national debt, it has less money in the money supply. Less money in the money supply could lead to deflationary recession.

Why pay the debt at all? Assuming it has to be paid eventually, we  pay it now or we'll be taxed to pay it later. The more we pay up front, the lower our future taxes. A payment on the national debt is a tax cut in tomorrow's taxes instead of today's.

More about how this works will be explained in the "How the United States Works" section. 

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