http://www.publicdebt.treas.gov/opd/opdpenny.htm
Thats $25,000 for every man, woman, child and immigrant in the USA....Do we have to raise taxes or just file bankruptcy?
2006-07-07 12:51:06 · 8 answers · asked by -* 4 in Society & Culture ➔ Other - Society & Culture
we? you lay down under a money tree, it just falls down on your so smart head and than you could pay. you are so matema.. and smart use your smart brains eagl girl!
2006-07-08 07:01:11 · answer #1 · answered by . 3 · 0⤊ 0⤋
The USA will probably allways be in debt, it is nothing to worry about. The government pays the debt over a number of years and borrows only so much (anually) as to keep the debt at the same level. $8.4 trillion isnt an especially huge amount when you consider that the PPP of the USA is over $12 trillion. Their is no need to raise taxes to pay the debt. As long as the USA economy continues to grow we are OK. Competition from China and India could bankrupt the USA but thats a different issue.
2006-07-07 20:01:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The government needs to spend less money altogether. I'd suggest stopping the war because that's costing too much.
2006-07-07 19:56:18 · answer #3 · answered by Poro 3 · 0⤊ 0⤋
If we file bankruptcy Japanese banks would technically owe the US....in truth I do not think the ticker will ever hit $00000000.
2006-07-07 19:55:47 · answer #4 · answered by BritLdy 5 · 0⤊ 0⤋
with 10 dollar international lotto
2006-07-07 19:56:49 · answer #5 · answered by jeremy d 2 · 0⤊ 0⤋
Nope, if the government would curb stupid spending, we wouldnt have to worry about that.
2006-07-07 19:54:53 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Toyota Corporation could do it. We could sell our country to the Japanese.
2006-07-07 19:55:14 · answer #7 · answered by nursesr4evr 7 · 0⤊ 0⤋
That's what the Iraqi oil is for.
2006-07-07 20:00:25 · answer #8 · answered by bRuDdAsHaRk )-^^^*> 2 · 0⤊ 0⤋