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We all see the debt is growing faster and faster, i mean the stimulus package "the solution" is a huge debt!!! We need a miracle to get out of this. The government is even turning to some communism ideals now (this indicates how critical the situation is)
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Not for a while but the idea that Viper said about communism and communist is silly. There is no way after 45yrs of war with the communists that America will give in. It could be good (communism) in a perfect world with perfect people but the US isn't perfect and there is no way that anybody would or should support it
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*Not as long the US has to be the only one footing the bill to try to stop terrorism among a coalition of the willing. *Not as long as we bail out AIG, a company with 74 million customers in 140 countries, and the US being the only one to give them money. *Not as long we continue to have to do SOMETHING to save the economy from making it impossible to do business, or work, in the US.
No, we are not going to be out of debt at any time in the foreseeable future. The Saudis hold 80% of our debt, and the Chinese hold most of the rest. I wonder what would happen if they called the debt due.
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Not a lot of people are aware of this, but one of the main points of debt is keeping ties of loyalty between nations, specifically in times of war. For example, a lot of the European nations whom the U.S. allied during WWI and WWII asked for, and received trillions of dollars, and still have not paid the money back. The same works for the debt the U.S. owes to other countries. Money, unfortunately, is really the only thing that keeps people somewhat loyal these days...
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