If I were living in America right now, I'd be a little bit concerned

[RakuraiTenjin]

Deficits are nothing new we go into and come out of them very often.

There was a recent push to privatize social security so that would be secure in the future for the population but for some reason Democrats opposed it. I don't understand why- like.. I don't see the logical reason to do so in the least.

That number also looks intimidating but look at it in terms of the GDP-

Japan needs to look out, they're deficit to GDP percent is -7.57%.

Our is -4.07%

For comparison:

Italy -3.25%
France -3.75%
UK -2.95%

On average also US states have a budget surplus going on so you won't see many state sponsored programs go away to account for a federal decifit.

 

[UltimaApocalypse]

WHOA. WHOA. I JUST pulled that joke. You can't do it in the same thread, let alone the same page!

Well actually the joke was focused on the word "Canadia", but I just ended it with eh

 

[DeusExMachina]

Well...alright then .

 

[bbson john]

US will not pay all the debts at once. If US pays the debts gradually, it will not be a great distressing burden provided that it does not lend more money for having war in the coming future. You know, all countries owe others.

 

[15357]

Bush could pull out of Iraq, invade canada and mexico + other countries with a relatively weaker military force and take the money from those nations.

 

[Skaadi]

Bush could pull out of Iraq, invade canada and mexico + other countries with a relatively weaker military force and take the money from those nations.

If only.....

 

[15357]

If only....?


btw, where do nations get the loans from?

 

[BabyHeadCrab]

Just a number imo, I don't see anything terrible comeing of it without any solid proof. I know i'm ignorant but I guess I just don't know enough about world ecnomic affairs to be able to associate that number with impending doom for the United States. I think our net worth is greater than that number.. if that means anything. Though I worry that if we go too far into debt some day someone may stand up to us. New people running the country woulden't be a bad idea - things seemed alot easier in the Clinton days

 

[bbson john]

Bush could pull out of Iraq, invade canada and mexico + other countries with a relatively weaker military force and take the money from those nations.

That's spending more money than Us can take in other countries

 

[BabyHeadCrab]

That's spending more money than Us can take in other countries

I believe numbers was jokeing. Just a hunch - because it was a bit of a silly statement

 

[madog]

That's spending more money than Us can take in other countries

Well we could demand payment from a weak country or we will nuke them. Threats don't cost anything to make. But then of course we would become the very thing we are trying to fight.

 

[Tr0n]

Meh.

 

[brink's]

Well we could demand payment from a weak country or we will nuke them. Threats don't cost anything to make. But then of course we would become the very thing we are trying to fight.

You already have.....

 

[RakuraiTenjin]

You already have.....

No, sorry, we haven't done that.

 

[Synthos]

Next election democrats get elected:
have to raise taxes to save economy from going down the drain
public outcry against raising taxes
Next election after that: republicans re-elected. Why? Because obviously over 50% of USA is short-sighted and stupid.

 

[NeptuneUK]

Disturbed, what the hell? That's one huge number you know. I mean seriously. Big. As a house. For a rapper.

Like, big.

you always had a way with words :')