I mean the government makes money right, so what is the porblem with Bush!! What is he doing!
2006-10-20 07:27:16 · 5 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
The debt's actually $8,500,000,000,000.
2006-10-20 07:35:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The debt of united states is not 3 billion but 3 trillion
2006-10-20 14:36:36 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Inflation, interest rates.
Our debt is much bigger than 3 billion. If we were to print our
way out of our debt, nobody would buy our Treasury bills, so
we could never borrow money again. The interest rates that
we would need to offer to attract money would skyrocket, because investors would be wary that we would do it again.
Inflation would skyrocket. The buying power of people's money would plummet. It would trigger a depression in the U.S., and would likely trigger serious economic problems worldwide.
2006-10-20 14:33:48 · answer #3 · answered by Dentata 5 · 4⤊ 0⤋
If they just made more money without anything to back it up, the money we do have would just be worth less to compensate for the money made.
2006-10-20 14:35:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
While we are at it, we should raise the minimum wage to $100,000. No more poverty.
I majored in economics, questions like this really aggravate me.
2006-10-20 15:43:02 · answer #5 · answered by Adoptive Father 6 · 0⤊ 0⤋