America's Debt

[NewGNRnOldGNR]

China is going fall as hard as the rest of us will, it's inevitable, No matter how hard they try to delay it.

What are you basing that claim on? China’s economy continues to break records with its break neck records. China will inevitably become world's biggest economy in the near future. China is accountable for 10% of global exports, and that's expected to rise to 12%. China has a current account deficit of about 6% of gross domestic product. The U.S.A is yet another victim of Capitalism and has hence thrust China into the position of being the one in which the rest of the world relies on. China is a prime example of successful Communism.

[chezequerz]

What are you basing that claim on? China’s economy continues to break records with its break neck records. China will inevitably become world's biggest economy in the near future. China is accountable for 10% of global exports, and that's expected to rise to 12%. China has a current account deficit of about 6% of gross domestic product. The U.S.A is yet another victim of Capitalism and has hence thrust China into the position of being the one in which the rest of the world relies on. China is a prime example of successful Communism.

who is the majority holder of global exports? from those figures i'd be inclined to say they were but you never know.

[smoothie illusion]

Europe is cutting back because it spent way too much and now is taking bailouts from America. I mean look at Greece. That's what America and the rest of Europe will look like in 5 years if we all stop spending.

But as you can see, the American gov. is too stupid to understand that we can't spend money we don't have. These damn bailouts are killing us. This health care bill will kill us. We don't have the money for all of this. We are spending/printing trillions of dollars, and it's hurting us. by 2014/2019, America will accumulate so much debt and so much inflation, we will never get out of it. If America falls, the world falls. And that goes the same for Europe. If Britain and Europe fall, America falls. China will fall as well. think about. if we can't pay China, then their shit is worthless. it's the economic domino theory. Although it's not really a theory, more like fact.

This

[axls_sweetchild]

What are you basing that claim on? China’s economy continues to break records with its break neck records. China will inevitably become world's biggest economy in the near future. China is accountable for 10% of global exports, and that's expected to rise to 12%. China has a current account deficit of about 6% of gross domestic product. The U.S.A is yet another victim of Capitalism and has hence thrust China into the position of being the one in which the rest of the world relies on. China is a prime example of successful Communism.

"China WILL become...it already is...that's the New World Power Nation...China could bankrupt the USA in a minute...all they have to do is call in all the loans they have made to us. China owns the USA...you might as well say..think we're treading water now...hmph....the blind is leading the blind around here.

[SLCPUNK]

Pssh 80-250 billion. Thatd be a happy day for the US. Our debt is...

13,080,607,098,753


13 TRILLION.

The national debt ceiling was not zero when Bush left office; it was $10 trillion and counting every second. Get a clue.

Upon Inauguration: $10,626,877,048,913
As of Jun 22, 2010: $13,046,652,647,592

[smoothie illusion]

actually I had a clue. Never once did I claim Obama racked up all 13 trillion. BUT its funny how Obama ran on the platform of cutting the debt in half and has raised it by 3 million. The debt was also not at 0 when Bush came into office either big boy. So why dont you pull that tree trunk out of your ass and calm down 

[Max_Power]

Thing is, Bush left office exactly when the crises was reaching its peak. You can't blame anyone who came after bush for accumulating a large deficit unless we ran a hypothetical situation where Bush was in office until present day and compare who had the larger deficit

[smoothie illusion]

Thats true

[axls_sweetchild]

The national debt ceiling was not zero when Bush left office; it was $10 trillion and counting every second. Get a clue.

Upon Inauguration: $10,626,877,048,913
As of Jun 22, 2010: $13,046,652,647,592

I know that...I agree with Smoothie and Max on this one....we Americans, and half the people around the world who pay attention to what's happening....knows exactly where the debt came from.

[smoothie illusion]

[Dr. Jack Daniels]

Thing is, Bush left office exactly when the crises was reaching its peak. You can't blame anyone who came after bush for accumulating a large deficit unless we ran a hypothetical situation where Bush was in office until present day and compare who had the larger deficit

I'm not saying Bush is innocent in all of this. He fucked up big time too. I disliked Bush as much as I dislike Obama. What I'm saying is, everyone is to blame. You can't blame one guy and not another. Bush, Obama, Republicans, Democrats, America, Europe, everyone! Not one country or human being is responsible.




Long story short:


World = Shit

[Max_Power]

Well technically, the economy first showed signs of faltering within the first year of Bush's presidency, so imo, i believe it's bush's legislations, or lack thereof that contributed to the recession, he had 8 years to fix the problem then and there but he refused to do anything when the economy first showed signs of an economic downturn back in 2000

[jplpool]

Seems like, every country in the world is either..In debt, too poor for anyone to actually trust them with a loan in the first place, or China.
This seems unfeasible. Nothing to do with the fed, of course.