2007-02-14 08:33:47 · 9 answers · asked by Anonymous in Politics & Government ➔ Politics
Since it's being funded entirely by debt - it has left the US economy very vulnerable to the Chinese government for continued purchases of debt.
This forces the US to continue to hand over manufacturing jobs to China to stay on good terms. The vulnerability comes in if China STOPS buying US Government Debt. Then interest rises, inflation sets in, taxes rise and we have some kind of economic correction until the government is operating within its means or the public is bearing the true cost of the spending.
2007-02-14 08:40:53 · answer #1 · answered by oohhbother 7 · 1⤊ 0⤋
whilst one(the U. S.) borrows money (from China) to pay for the conflict and the Israeli settlements interior the occupied land, it places the U. S. greater into debt. The greater debt the greater pastime money. The greater pastime money the fewer for self to spend on. And that interprets into much less for coaching, much less for highways, much less for canopy, much less for regulation enforcement. interior the period in-between, the lenders are turning out to be richer and richer. i might end, the Iraq conflict is affecting the U. S. economic device very negatively.
2016-12-17 10:03:54 · answer #2 · answered by ? 4 · 0⤊ 0⤋
If you stir up trouble in the middle east, oil prices will increase. That affects the world economy.
2007-02-14 08:39:56 · answer #3 · answered by Anonymous · 1⤊ 0⤋
On sept. 10th, the day before 9/11. Rummy announced that trillions came up missing at the pentagon. bang....9/11 happened and america forgot. The crime continues to this day and the sad american public have no idea that they've been bent over by our corrupt government.
2007-02-14 08:39:05 · answer #4 · answered by Anonymous · 1⤊ 1⤋
People have not even began to see what this has done to our economy, just wait and see all you unbeleivers we are about to reap it.
2007-02-14 08:38:36 · answer #5 · answered by 33 3 · 2⤊ 1⤋
going downhill fast, and caused people in other countries to boycott american products, caused some countries to dump american currency.
2007-02-14 08:40:28 · answer #6 · answered by lat0ria 3 · 1⤊ 0⤋
easy!! if you have to borrow to keep it going,like we are doing,then you cant afford it!!
2007-02-14 09:12:57 · answer #7 · answered by peppersham 7 · 0⤊ 0⤋
In the dumpster
2007-02-14 08:36:44 · answer #8 · answered by Anonymous · 2⤊ 3⤋
Our economy is PUMPED dude! Unemployment lower than ever at 4.5%, gO bUSH gO!
2007-02-14 08:37:06 · answer #9 · answered by Anonymous · 2⤊ 4⤋