2006-10-28 20:32:55 · 8 answers · asked by Anonymous in Politics & Government ➔ Politics
I believe that hole goes right through to China. Or at least a great deal of the debt is owed to China.
At the end of the ww2, Britain had a similar problem. You win a war you expect the spoils of it right? Wrong, Turns out there are no spoils, just restoration of Europe, so, what to do. Ok, instead of cash, how would the creditors like the share of the future of Europe and umm let me see now oh, yes the colonies will all be independent in return for what is owed them, pretty much the party and the Empire and all its promises are over. But that won't much affect the multi-national corporations who jump off one sinking ship to come aboard another.
Thats the kind of hole.
2006-10-28 20:53:28 · answer #1 · answered by merlyn 2 · 0⤊ 0⤋
A very deep one and one that took way longer than the last 7 years to dig. All pols are thieves. imho
2006-10-29 02:35:22 · answer #2 · answered by Rich B 5 · 1⤊ 0⤋
Sounds like the Grand Canyon, no?
2006-10-29 02:33:54 · answer #3 · answered by MyPreshus 7 · 0⤊ 0⤋
Most people just don't know enough to comment intelligently on the matter.
http://knowledge.wpcarey.asu.edu/article/1321
2006-10-29 02:36:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
A very bad one
2006-10-30 03:08:04 · answer #5 · answered by justaname80 3 · 0⤊ 0⤋
an unsustainable one ... the bottom will fall out soon
2006-10-29 02:35:29 · answer #6 · answered by Anonymous · 1⤊ 0⤋
into serfdom for the bankers.
2006-10-29 02:42:46 · answer #7 · answered by Chief Slapaho 1 · 0⤊ 0⤋
we ahve spent more money trying to buy allies...then we have spent on this war....
2006-10-29 06:24:34 · answer #8 · answered by Chocolate_Bunny 6 · 0⤊ 0⤋