"I say we don't owe it."
I am in that group of we.
That group includes those people defending Liberty against the "Central Banker" Criminals in the American Revolutionary War, Shays's Rebellion, The Whiskey Rebellion, Alien and Sedition Acts, First Bank of the United States, Second Bank of the United States, and most recently The Federal Reserve and Internal Revenue Service.
The problem is such that many of the victims are fooled by the many confusing falsehoods employed by the criminals against the victims, so much so that many of the victims are led to believe those falsehoods, and then suffering from those beliefs in those falsehoods, those victims are inspired to turn from defenders of Liberty into employees of the "Central Banker" Criminals.
One very good study of such "belief" in falsehood is a study of James Madison.
The same person who worked side by side with the "Central Banker" Criminals during the First Con Con (con job) taking steps to enforce "Central Banker" Crimes (payments by victims of false debt) turned his coat back to the Blue of Defense of Liberty, and sided with Jefferson in the fight to return back from Monopoly into the obvious alternative, which is competition.
Chief writer of The Constitution (working to create "consolidation" or monopoly)
Writer of The Virginia Resolutions (part of the Kentucky and Virginia Resolutions)
Madison was the member of this country doing both things in opposition to each other.
The Constitution consolidated (monopolized) the formerly independent and constitutionally limited Republics into one Nation State with one POWER to collect (involuntary) "taxes" including a new concept known as a National Debt.
Previous to the monopoly "constitution" (consolidation of the "states" united into ONE) each constitutionally limited republic could either pay off the War debt (pay who for what?) or not pay off the War debt, at their own, exclusive, prerogative, privilege, choice, discretion, under their own authority, as they alone see fit, voluntarily.
The payment of war debt (to who for what?) was the excuse to call representatives from each constitutionally limited republic into a meeting of congress (federation, or confederation, meeting) and once assembled the turncoats turned a meeting of a confederated congress into a Con Con or Constitutional Convention.
The members of the convention from the States, came there under different powers; the greatest number, I believe, under powers nearly the same as those of the delegates of this State. Some came to the convention under the former appointment, authorizing the meeting of delegates merely to regulate trade. Those of the Delaware were expressly instructed to agree to no system, which should take away from the States that equality of suffrage secured by the original articles of confederation. Before I arrived, a number of rules had been adopted to regulate the proceedings of the convention, by one of which was to affect the whole Union. By another, the doors were to be shut, and the whole proceedings were to be kept secret; and so far did this rule extend, that we were thereby prevented from corresponding with gentlemen in the different States upon the subjects under our discussion; a circumstance, Sir, which, I confess, I greatly regretted. I had no idea, that all the wisdom, integrity, and virtue of this State, or of the others, were centered in the convention. I wished to have corresponded freely and confidentially with eminent political characters in my own and other States; not implicitly to be dictated to by them, but to give their sentiments due weight and consideration. So extremely solicitous were they, that their proceedings should not transpire, that the members were prohibited even from taking copies of resolutions, on which the convention were deliberating, or extracts of any kind from the journals, without formally moving for, and obtaining permission, by vote of the convention for that purpose.
Here in the following link the author spells out the Turncoats real "interest" in Consolidating all the constitutionally limited republics into one Nation State:
"But Hamilton wanted to go farther than debt assumption. He believed a funded national debt would assist in establishing public credit. By funding national debt, Hamilton envisioned the Congress setting aside a portion of tax revenues to pay each year's interest without an annual appropriation. Redemption of the principal would be left to the government's discretion. At the time Hamilton gave his Report on Public Credit, the national debt was $80 million. Though such a large figure shocked many Republicans who saw debt as a menace to be avoided, Hamilton perceived debt's benefits. "In countries in which the national debt is properly funded, and the object of established confidence," explained Hamilton, "it assumes most of the purposes of money." Federal stock would be issued in exchange for state and national debt certificates, with interest on the stock running about 4.5 percent. To Republicans the debt proposals were heresy. The farmers and planters of the South, who were predominantly Republican, owed enormous sums to British creditors and thus had firsthand knowledge of the misery wrought by debt. Debt, as Hamilton himself noted, must be paid or credit is ruined. High levels of taxation, Republicans prognosticated, would be necessary just to pay the interest on the perpetual debt. Believing that this tax burden would fall on the yeoman farmers and eventually rise to European levels, Republicans opposed Hamilton's debt program.
"To help pay the interest on the debt, Hamilton convinced the Congress to pass an excise on whiskey. In Federalist N. 12, Hamilton noted that because "[t]he genius of the people will ill brook the inquisitive and peremptory spirit of excise law," such taxes would be little used by the national government. In power, the Secretary of the Treasury soon changed his mind and the tax on the production of whiskey rankled Americans living on the frontier. Cash was scarce in the West and the Frontiersmen used whiskey as an item of barter."
That is a long standing tradition among the "Central Banker" Criminals, as they issue false "currency" in many forms, including "campaign promises" that will be broken, because their word can be trusted as being false, and as they seek to bond their victims into despotic servitude based upon the lie that the Credit earned by the productive people is the source of Debt owed by the same people.
I think that your words say the same thing, but I may be mistaken.
Not only do I agree with that statement, it is in fact impossible to pay off said "debt" as a well established understanding of accurate accounting.
That which cannot be afforded won't be paid?
How can a liar be known in fact?
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
Pay and don't question the payments, it is against the law?
Want DP delivered to your inbox daily? Subscribe here: