2006-08-11 01:32:02 · 7 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
No i understand china and japan are all set but how do we becaome indept..why not make more money
2006-08-11 01:37:04 · update #1
China and the UAE owns most of our debt.
China because we can't seem to raise tarrifs on their very cheap goods. Have you noticed everything in the department stores is made in China?
The UAE because we can't seem to ween ourselves off of oil. Of course when you elect an oil family to lead a country, why would they try?
2006-08-11 02:04:14 · answer #1 · answered by Imaginer 4 · 2⤊ 2⤋
Not all nations are in debt, and the debt that does exist is held by private citizens. The debt that exists is issued by government as bonds, etc. and is then bought by companies, private citizens and other governments. Almost like stock in the issuing country.
2006-08-11 01:36:02 · answer #2 · answered by Charles D 5 · 1⤊ 1⤋
Only the developing nations are in debt.Developed countries may have certain debts but as a nation is not in debt.
2006-08-11 01:38:11 · answer #3 · answered by kalabalu 5 · 0⤊ 2⤋
The Bankers. Look who signs / issues the US 1 Dollar currency notes
2006-08-11 01:36:45 · answer #4 · answered by Anonymous · 0⤊ 2⤋
Into war..food stamps welfare....vacation time for government workers
2006-08-11 01:36:38 · answer #5 · answered by babo1dm 6 · 0⤊ 2⤋
Bank accounts of presidents, prime ministers and their cohorts.
2006-08-11 01:36:55 · answer #6 · answered by FRAGINAL, JTM 7 · 0⤊ 2⤋
someone else's pocket?
2006-08-11 01:44:38 · answer #7 · answered by acruz 2 · 0⤊ 2⤋