[QUOTE=faze;28113506]USA actually had no debt 175 years ago today. What happened? I'm embarrassed to be American.[/QUOTE]
Don't a lot of countries run on a deficit?
[QUOTE=xeonmuffin;28113550]yeah well, a country that's only been around for 50 years shouldn't have that much debt.
The UK is worse though, smaller country - ~9 Trillion in debt.[/QUOTE]
Nine trillion? Are you shitting me? It's more like 1 trillion. :v:
[QUOTE=ItsGary;28178468]Maybe we can ask China for money.[/QUOTE]
Ummm, that's who most of the debt is owed too....
[editline]21st February 2011[/editline]
[QUOTE=toaster468;28178580]Don't a lot of countries run on a deficit?[/QUOTE]
Yes - a country would normally run a deficit during an economic downturn and a surplus during growth.
[QUOTE=Kontradaz;28154824]Because people within this thread have never taken a course geared towards economics, or if they have, they forgot most of it. If had seriously taken a course, we would not have an idiotic spiraling down into an age old debate of socialism vs. capitalism, or some other ignorant opinions regarding the debt (i.e stop spending)[/QUOTE]
[media]http://www.youtube.com/watch?v=d0nERTFo-Sk[/media]
That's where i learned it
[sp]I'm kidding[/sp]
It seems America is aiming for shittiest country in the world.
it's funny because america goes ten thousand bucks in debt every second
someone needs to take away our checkbook.
Yup, you're pretty much fucked.
Hey I got an idea! Delete the debts. Restart with nation having 20 billion US dollars each.
[QUOTE=BCell;28185497]Hey I got an idea! Delete the debts. Restart with nation having 20 billion US dollars each.[/QUOTE]
Why would any business be willing to have debt to them cleared?
A country wouldn't do it. China won't.
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