U.S. NATIONAL DEBT

[JSLTIGER]

Originally Posted by U-552Erich-Topp

Yes, somewhere down the national debt line, the United States isn't going to be able to pay it's bills.

We can't do it now...that's why it's called debt...we owe someone else money because they paid for what we purchased for us.

[Neutrino 123]

The national debt is definitely a problem (though not a huge one), and it would be good to reduce it to nothing in a reasonable amount of time so as to get rid of the interest.

However, everyone seems to think only the United States has a debt problem. This is blatently incorrect. A a percentage of GDP (a useful indicator of how much of an actual problem it is), the U.S. at ~65% devt is slightly behind France, Germany, and Canada, so these countries are even worse off then the U.S. Meanwhile, Japan isn't collapsing, and it has a debt as a percentage of GDP of ~2.6 times that of the U.S.

[SUBMAN1]

Originally Posted by Neutrino 123

The national debt is definitely a problem (though not a huge one), and it would be good to reduce it to nothing in a reasonable amount of time so as to get rid of the interest.

However, everyone seems to think only the United States has a debt problem. This is blatently incorrect. A a percentage of GDP (a useful indicator of how much of an actual problem it is), the U.S. at ~65% devt is slightly behind France, Germany, and Canada, so these countries are even worse off then the U.S. Meanwhile, Japan isn't collapsing, and it has a debt as a percentage of GDP of ~2.6 times that of the U.S.

I'm assuming everyone doesn't care about Hydrogen and Plutonium and Fusions llesson #2 and eplining it in laymens terms. However, I do have to say that at some point, all of these countries will have to pay their debt! The interest alone will eat them alive!

-S