Could America Go Broke?

Discussion in 'Current Events' started by eagleseven, Nov 4, 2009.

  1. eagleseven
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    eagleseven Quod Erat Demonstrandum

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    The Washington Post gets it...why won't Obama?
     
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    Last edited: Nov 4, 2009
  2. Si modo
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    Si modo Diamond Member

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    Obama's own staff members get it, too. Unsustainable.

    Obama's negligence appears to know no bounds.
     
  3. JW Frogen
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    JW Frogen Gold Member

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    It can and it will!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    The Chinese will never take our debts!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
     
  4. Mike458877
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    Mike458877 Conservative

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    Of course it could.

    Mike
     
  5. froggy
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    froggy Gold Member

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    With three other countries financing us, i say were already broke.
     
  6. Navy1960
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    Navy1960 Senior Member

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    By our definition, 106 countries have defaulted a total of 250 times since the
    end of the NapoleonicWars. The most common defaulters—Costa Rica, Ecuador,
    Mexico, Uruguay, and Venezuela—each experienced at least eight distinct spells
    of default. Ecuador and Honduras hold the record for the longest periods in default;
    beginning with their initial loans as members of the Central American Confederation
    in the 1820s,
    http://www.stanford.edu/~tomz/pubs/TW2007.pdf

    It's pretty clear that if this nation does not get it's financial house in order and continues to spend borrowed money on an ever increasing number of social and economic engineering projects then we will of course go broke. Simply printing money does not mean you have money to spend and that idea seems to have been lost on those in Washington hell bent on spending regardless of the demise of this nation.
     
  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    What makes you think he doesn't get it?

    If he doesn't he is just clueless. If he does, he's criminal.
     
  8. Mr. Peepers
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    Mr. Peepers Senior Member

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    And what do we spend most of our money on? The military industrial complex. The completely UNNECESSARY debacle that is Iraq has been a gigantic money suck and still is, even though we're winding down that disaster (finally). Sure did make a lot of private multinationals rich, though, so mission accomplished. I think we should bring all of our soldiers home, shore up our borders and mind our own damn business for a friggin' change. Let the intelligence community take care of the chatter and rounding up the terrorists. That's their job. That's just my opinion.
     
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    Last edited: Nov 4, 2009
  9. adeel_sami
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    adeel_sami Free-Doom

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    Anything is possible ..... !! Many of the countries are broke but hence they exist (with the collaboration of other countries) ..
     
  10. Claudette
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    Claudette Gold Member

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    What do you mean could we go broke?? Jeeze where have you guys been. We are broke. We owe the Chinese 9 Billion dollars and our dollar is tanking. Our deficite will be 13 trillion and that idiot in the white house is punshing his idiotic agenda. The Reserve is just printing more money. Does Germany in the 30's ring any bells???

    Catch a clue folks, we are broke.
     

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