Why is the country so poor and in debt if we make are own money?

Answer 1

Money is printed in response to several factors. We cannot print too much money, that's called inflation. When that happens then items become ridiculously expensive and the market crashes. The opposite can happen with deflation, when there isn't enough printed money to go around. Needless to say, the market influences printing of money, but debt cannot just be forgiven. Some of the debt is for soldiers etc. These cannot just be paid off by printing more money. Our country is extremely wealthy. Look around at how much we spend. We have lots of computers, we have lots of things. But not all of them are owned by the government. Most governments have debts, ours just happened to spend more money than it is receiving, so its in debt.

Answer 2

The Federal Reserve, (a private banking organization), controls the printing of money in the U.S. Not the government. That's why America is poor.

Answer 3

the money of a rustic is a thank you to distribute the products and centers produced with the aid of a rustic. If human beings from yet another united states of america call for products or centers from a rustic they could desire to be waiting to acquire money from that united states of america so as that they are able to pay for what they purchase. If the government of a rustic prints additional funds without an develop in production of things and centers then the money could have much less procuring potential. it is termed inflation. Hyper inflation is whilst the decline in procuring potential of the curency is severe. the regularly occurring description is:"employing wheelbarrows to hold adequate money to purchase a loaf of bread".

Answer 4

1) If we were to print more money, that would cause inflation and lower thae value of the dollar.
2) This country is not in DEBT, a DEFICIT is when we are buying more products from other countries rather than seeling them more products.

Answer 5

That's a contradiction of terms. We are poor and in debt as you phrase it because we spend more than we take in. We print money off the printing presses for circulation, not creation.

Answer 6

Because helping friends of Bush and Cheney become even richer costs money.

Who do you think pays for the billion dollar contracts to Haliburton, Cheney's past and future employer. Even though its competitors were willing to do the job for 70% less but were blocked from submitting bids by Bush and Cheney.

Answer 7

the ballon is the dollar is high overseas and low at home so we can buy more overseas products instead of at home.

if the oil industry went off the dollar and onto the euro like saddam tried to start and iran threatens, then the dollar would decrease up to 40% in value for a few months until they sort it out.

Answer 8

If by make you mean the printing done in the US treasury, printing more will cause the value to go down. It's not like we could print millions and expect it to be WORTH millions

Answer 9

Ive been wondering that myself. If we have machines that make money....whats the problem?? Where does that money go??
Maybe its a control issue.....????

Who controls the money is the one who controls the people.

Answer 10

Because we spend more than we make on things like the war in Iraq.