All Knowledge
Speak up...
At this point that shyt is an illusion that will be used to give reason to the fall of society as we know it.
All lies.
All lies.
Realistically do ya'll think the U.S. can ever get out of debt
- Thread starter Vonte3000
- Start date
Elaborate...
Mr. Somebody
Friend Of A Friend
Alot of companies rely on investments and infrastructure from foreign nations to get cheaper rates for their business. If say the US was just like hey we're never paying you guys back your debts, these nations can basically pull stocks/kick US companies out of their countries and or engage in hacker wars which can make life inonvenient. What would happen to wall street if china pulled all its money after basically being given the middle finger friend. It would be a disaster. The us will keep paying their taxes to foreign superpowers until they have a way to effectively undermine any weapon system a foreign power can use against them.
How much of a joke would debt be if the US had a wizard that could turn any weapon aimed at the US into flowers.
They won't pull away their money. China's economy heavily relies on countries like the US to buy their products, and if the US were to stop buying their products, China's economy would also be affected dramatically.
Mr. Somebody
Friend Of A Friend
Friend, i said, if the us and china ever had real beef. There is a context to that obviously. China wouldnt do that just to have fun but, friend according to some documents ive read about their long term goals they really plan on giving the middle finger to individuals once they get their nation to a certain standard.
China is trying to help Africa get online so they can sell products to them which will assist in supplementing losses incurred if they ever have drama with the united states. The more the so called 3rd world becomes more independent the more this gets closer to reality. Everything is about customers.
ill
Superstar
The debt isn't the issue. Its capital spending in relation to our GDP. During the Bush years, we spent ~60% of GDP. Since Obama came to power, its close to ~90% of GDP. Debt is not a bad thing as long as its managed properly. In essence, we are paying a small fee to use someone else's money to pay our bills. As long as our revenues stay stronger than the rates we borrow at, we will be fine.
No...
...and while the horror of deficit spending may be overstated, I do believe one should have money before one spends it
No...
...and while the horror of deficit spending may be overstated, I do believe one should have money before one spends it
I figured you would say that....
But tell me what you think America would be like without that extra 17 trillion....
LordTaskForce
All Star
No...
...and while the horror of deficit spending may be overstated, I do believe one should have money before one spends it
That's nice and all but in the real world, large countries and even multibillion dollar companies don't operate like that. Many companies are ALWAYS in debt. Debt can be a good thing.
... and I take it that large countries, and multi-billion dollar companies operating in debt, makes it a good thing?
LordTaskForce
All Star
No. But what I'm saying is that you can operate in debt and be successful/profitable.
Now that is definitely true...