I've read we're 8 trillion dollars in debt...that's a lot of money, yet it seems our economy is oblivious to it...like student loans over 23,000 dollars. I was curious what's to become of this, and with such debt, would we have to ....oh start over from scratch as if the debt never existed? Or we can't and the next generation will have to answer for it? I don't know much about the situation, so i'm interested in knowing what's up.
ALSO on my search i found this page....so i'm curious if that's a legit solution for the deficit: http://www.federalbudget.com/amendm...
2006-12-20 00:08:07 · 2 answers · asked by Dennis 6 in Business & Finance ➔ Other - Business & Finance
The govt. will keep issuing debt securities (T-Bills.....Notes.....etc) to keep funding going regardless of what the deficit is. In order to put a dent in it many social services will be in danger (which never will happen). The deficit will continue to rise and inflation will go up.......
My two cents
2006-12-20 06:10:54 · answer #1 · answered by BriGuy 3 · 0⤊ 0⤋
A government that borrows and borrows refusing to believe that it could possibly ever go bankrupt.
The monetary printing presses will just start to churn faster and faster until the majority of the population are so poor and will not have a clue what occurred to them.
2006-12-22 05:48:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋