When China and India's economies get roaring and require more oil in less than 20 years?

Question

Do you really think that America's current economy will be able to sustain itself when our debt has tripled due to Bush's war and oil reaches $200 a barrel? Or do you think that America will have to declare bankruptcy due to high inflation, inability to pay off its debt and high inflation?

BTW, just to let you know, there is not enough oil in our ground in Alaska to last 2 years and it would cost more to get it out than to use it.

For those that doubt me, here is great website with a ton of information and a ton of links that explain the situation better than a blurb on Yahoo! Answers.
http://www.btinternet.com/~nlpWESSEX/Documents/EnergyAug2006.htm

I'm very well aware of economies during and after wars. I do know there was a huge recession after the Vietnam war and the Iraq war. Also, our entire economy is based on a war economy now. America doesn't manufacture much in the U.S anymore except weapons. We were turning to a peace economy during the 90's. The scarry thing is that we will be in a war economy for quite some time. When we do finally come out of it, we are going to see a huge slump in the economy with huge debt, rising oil prices, and rising inflation. This is not the economy of our father's or grand fathers, we're in a brave new world that has a president with a mind set still in the 1950's.

Answer 1

China and India are concentrating on their economies while the US is busy with wars. There will come a time that US will be indebted with other countries and might lose it superpower status to China or India.

Answer 2

Oil will reach $200 a barrel in 20 years simply with inflation. Money doubles every 10 years.

As usual, liberals do not understand economics. If the Republicans had a spine and stopped letting leftie environmentalists to block drilling, we would be ok

We would not have to declare anything. There would be no inflation because of this. This would be in normal economic conditions

Answer 3

ok, the alaska thing, i have heard credible predictions that say alaska has 250 years worth of oil

and now to the economy, the US is going to be fine even when china and India surpasses us. Why? because the US continues to create new things

Answer 4

American economy issues are in the red due to the greater majority of persons with political background. it's hard to bounce when your legs have been knocked out from underneath.

the American public is suffering from too much government...

Answer 5

I hope you need to read some history books: US economic always turns out to be better during the war, and after it. Spending will boot the confidence of consumers and national economic! If you need to know more, please read the economic section of US history of US from WW2 to The beginning of Iraq War!

Answer 6

i think you have no idea what your talking about. but hey, thats just me... how about you spend less time making bumper-sticker accusations... and spend more time researching what your talking about....

PS:
wow, your ..you... just.. wow.... rofl

your information is such rediculousness.. you people who actually listen to people like Michael Moore scare me...

where do you get this crap? We relied on a "Peace Economy" during the 90's?