How is America one of the richest countries but has one of the highest debts in the world?

[Toddsterpatriot]

Entitled Repubtards stole everything from workers!
The US dollar is only 1 cent in 1940.
View attachment 93629

Poor Dems, helpless to stop the Republicans.

 

[nicoleivy5]

Entitled Repubtards stole everything from workers!
The US dollar is only 1 cent in 1940.
View attachment 93629

Poor Dems, helpless to stop the Republicans.

yeah democratics are helpless in that scenario

 

[nicoleivy5]

Entitled Repubtards stole everything from workers!
The US dollar is only 1 cent in 1940.
View attachment 93629

Poor Dems, helpless to stop the Republicans.

agreed

 

[Rshermr]

Entitled Repubtards stole everything from workers!
The US dollar is only 1 cent in 1940.
View attachment 93629

You need to amend your words, cause they make no sense. The us dollar was 100 cents in 1940. That be the truth. "The US dollar is only 1 cent in 1940" is a nonsensical statement. Are you suggesting that the us dollar today is equal to 1 cent in 1940? That would be good english, but totally untrue.
So, I am really confused. Can you explain what you were attempting to suggest?

 

[EdwardBaiamonte]

Entitled Repubtards stole everything from workers!
The US dollar is only 1 cent in 1940.
View attachment 93629

You need to amend your words, cause they make no sense. The us dollar was 100 cents in 1940. That be the truth. "The US dollar is only 1 cent in 1940" is a nonsensical statement. Are you suggesting that the us dollar today is equal to 1 cent in 1940? That would be good english, but totally untrue.
So, I am really confused. Can you explain what you were attempting to suggest?

he trying to suggest that with 30 million liberal illegals here to take our jobs and with the highest corporate taxes in the world driving our corporations off shore our incomes are about where they were in 1999.

 

[nicoleivy5]

Reasons why the United States is $19 trillion in debt, the biggest amount for a single country - Explains why the US is in massive debt.

If they owe so much money, how is the US still one of the richest nations in the world?

what would happen if they raise minimum wage

 

[Toddsterpatriot]

Reasons why the United States is $19 trillion in debt, the biggest amount for a single country - Explains why the US is in massive debt.

If they owe so much money, how is the US still one of the richest nations in the world?

what would happen if they raise minimum wage

Only 3 million people make the minimum or below.

 

[EdwardBaiamonte]

what would happen if they raise minimum wage

Minimum wage more pure libsocialist ignorance:

1) makes it illegal to employ people not worth minimum wage
2) raise prices for poor people who often shop where minimum wage folks work
3) speeds up automation and replacement of minimum wage jobs
4) teaches people that you get ahead with govt violence rather than being worth more
5) raises prices, reduces demand, and thus reduces employment
6) makes American workers even less competitive with foreign workers



One of the simplest and most fundamental economic principles is that people tend to buy more when the price is lower and less when the price is higher. Yet advocates of minimum wage laws seem to think that the government can raise the price of labor without reducing the amount of labor that will be hired.

Thomas Sowell, "Minimum Wage Madness," September 17, 2013