in all seriousness-how long before America is bankrupt?
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catamount man
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in all seriousness-how long before America is bankrupt?
How much longer until inflation hits us square in the face? How much longer until China calls in their loans? I am REALLY being serious here. How much more spending by our government, both parties, can we as a nation sustain until the point it starts affecting business payrolls, etc, etc. Just asking because I really want to know. Thanks.
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Re: in all seriousness-how long before America is bankrupt?
China can't call in their loans unless they want to collapse as well. We won't go bankrupt, but you could see things really (uh-oh, 70's reference) stagnate and get all malaise-like. Gotta do something over the next few years to reverse this. Neither party has seemed interested in realistic economics for some time now.catamount man wrote:How much longer until inflation hits us square in the face? How much longer until China calls in their loans? I am REALLY being serious here. How much more spending by our government, both parties, can we as a nation sustain until the point it starts affecting business payrolls, etc, etc. Just asking because I really want to know. Thanks.
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Ivytalk
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Re: in all seriousness-how long before America is bankrupt?
Five years max. 
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catamount man
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Re: in all seriousness-how long before America is bankrupt?
Not that they will ever do it, but if you shut down every military base around the world, brought every soldier home, how much money are we looking at saving that could be paid to the national deficit? Honestly, we rebuilt Germany and Japan over 60 years ago. WHY do we still have bases in both countries? SERIOUSLY? Thanks.GannonFan wrote:China can't call in their loans unless they want to collapse as well. We won't go bankrupt, but you could see things really (uh-oh, 70's reference) stagnate and get all malaise-like. Gotta do something over the next few years to reverse this. Neither party has seemed interested in realistic economics for some time now.catamount man wrote:How much longer until inflation hits us square in the face? How much longer until China calls in their loans? I am REALLY being serious here. How much more spending by our government, both parties, can we as a nation sustain until the point it starts affecting business payrolls, etc, etc. Just asking because I really want to know. Thanks.
Re: in all seriousness-how long before America is bankrupt?
It's not that simple....period.catamount man wrote:Not that they will ever do it, but if you shut down every military base around the world, brought every soldier home, how much money are we looking at saving that could be paid to the national deficit? Honestly, we rebuilt Germany and Japan over 60 years ago. WHY do we still have bases in both countries? SERIOUSLY? Thanks.GannonFan wrote:
China can't call in their loans unless they want to collapse as well. We won't go bankrupt, but you could see things really (uh-oh, 70's reference) stagnate and get all malaise-like. Gotta do something over the next few years to reverse this. Neither party has seemed interested in realistic economics for some time now.
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HI54UNI
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Re: in all seriousness-how long before America is bankrupt?
We're already bankrupt. They just haven't filed the paperwork yet.

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Re: in all seriousness-how long before America is bankrupt?
HI54UNI wrote:We're already bankrupt. They just haven't filed the paperwork yet.
+1
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Re: in all seriousness-how long before America is bankrupt?
I am afraid that WWI and its aftermath may be a more appropriate historical example.GannonFan wrote:...China can't call in their loans unless they want to collapse as well. We won't go bankrupt, but you could see things really (uh-oh, 70's reference) stagnate and get all malaise-like. Gotta do something over the next few years to reverse this. Neither party has seemed interested in realistic economics for some time now.
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Re: in all seriousness-how long before America is bankrupt?
+2Chizzang wrote:HI54UNI wrote:We're already bankrupt. They just haven't filed the paperwork yet.
+1
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