Is the US debt out of control.?

Question

Why or why not

Answer 1

No. The reason? Whose going to foreclose on the note?

=D

Answer 2

No Problem

As long as the reigning Plutocrats don't have to pay it down who cares!!!

Will your little $50 $60 thousand dollars a year Tax payment make any difference in a $8Trillion dollar debt. Only a catastrophic event will alter the American burden of debt responsibility. Say a Comet hits China or a Meteor hits Deusch Bank.

You have better odds of getting abducted by Aliens than paying the debt.

Go big Red Go

Answer 3

It sure is getting there relatively quickly. Our reactionary Congress will wait until they have spent us down the river to act in any fiscally responsible manner (never happen). They are despicable.

In this prolonged low interest rate environment, Congress has been very lucky. If we don't do something, we will be like those paying the minimum payments on their credit cards. Our debt quality will progressively sink and our rates to attract buyers of that debt will rise dramatically. The Baby Boomers are retiring shortly and will bring this issue to the forefront whether Congress likes it or not. Time to pay the piper.

For those who think Iraq is to blame for our fiscal woes, you are obviously very naive when it comes to understanding our government's insatiable appetite for spending our taxpayer money. Iraq is a relative "drop in the bucket."

Future Medicare, Medicaid, and Social Security expenditures will bring this country to its knees.

You Dems who want to prevent the privatization of Social Security (a/k/a "Ponzi Scheme") and want universal health care, you remember that when things go down the fiscal toilet over the next 30 years.

Answer 4

No, the US is undert the control of the G-8, the United Nations, and the 50 states governors and political parties, as well as transnational corporations.

Or look at it this way. All is in G-d's hands.

Answer 5

Don't look at the GDP or some other statistics from the government agencies. That's only artificial volume increase. Ask them and they will never sit face to face with you, talk about it.

Answer 6

Yes because the government spends more than it takes in. solution easy: cut spending then cut more spending.

Answer 7

Yes, it is and the country is in danger of going bankrupt, according to David M. Walker, head of the Government Accountability Office.

http://www.statesman.com/search/content/shared-gen/ap/Other_US_Govermnent/America_the_Bankrupt.html

Answer 8

YUP and everyday we spend in Iraq it gets larger and larger....it takes a ton of $$ to keep an army in occupation overseas...did not mean to turn your question into a political one but it is the source of our largest expenditure as a country on a daily basis.

Answer 9

the U.S.A debt has already been out of control of awhile now...

Answer 10

NOPE!!!!!!!!!!!!!Revenues are up, economy is real good,
unemployment is down to 4.6%, Stock market is rebounding,
Taxes are low, war on terror is good, don't read or watch the left wing news media and everything is looking up!!!!!!!!!!!