Could Iraq debt destroy my family finances?

Question

Many people believe that the USA brought down the Soviet Union when in fact it collapsed from the inside under the exact same conditions WE now face.

We have a $10.5 TRILLION debt and a budget shortfall of $750 BILLION...both new records. The only sector of the economy that is "growing" is the defense and energy sectors. Defense is now 40% of our economy...in other words we are "growing" our economy by fighting wars and borrowing from our future earnings. Any simpleton can see this is a recipe for disaster.

As far as the people/citizens in the USA go? They could care less what their government does as long as they don't have to think about it too much. It it is pretty clear that Americans have traded their conscious for overt consumerism...they would screw their own mom for a nice boat, a new SUV and a big bonus at the end of the year.

The train is off the tracks and I'm not sure it can be put back on now. The embedded corruption of "the Military-Industrial Complex" is evil.

you are all a lot of dotty twits and know nothing of economic trends and history. you are quite mad. americans are genetically impaired from inbreeding, breeding with inferiors and declining education and leadership. you face a pathetic downfall soon.

Answer 1

To answer your question - no, the Iraq war will not significantly impact your finances.

To the rest of your post.....you really should pull the facts out of your rambling mixture of information and disinformation.

You speak of an economic battle between a free-market economy and a planned economy and claim (out of hand, no less) that an off-site war caused the collapse?

Our current deficits WILL have an impact, but your incoherent rants don't hint that you have any knowledge of it.

Answer 2

I don't think the Iraq war, by itself would be enough to destroy your finances.
The government has some very clever men who are working on the problem. First they will let the value of the dollar fall. They will inflate the economy, prices will rise across the board, housing, energy, oil, steel. Wages will also rise, if you're lucky enough to have a job. Taxes will rise along with the wages. County tax assessors will collect higher property taxes that reflect higher home values.
The government will benefit with all this by paying their debts (treasury obligations) and entitlement programs (social security) in cheaper dollars.
How all this would affect your family finances in uncertain.

Answer 3

That might be the dumbest answer to the dumbest question I have heard in a while. The largest economy in the history collapsing on a dime? HA! It will not happen. Basic rules of economics apply that it will not happen. We will not elect leader after leader after leader who have terrible policy! I think you are overestimating the bad in people. most are good, a few are bad, and the reason for government is that there are a small amount of bad, and government protects us from the good.

Answer 4

so that you're the single with the job, and which potential purely you could spend money? actual the omission of any of YOUR economic shortcomings and different mistakes replaced into merely an insignificant oversight and do not keep on with, sure? appears like you adult males are not aligned on your priorities. Why no longer get aligned somewhat of creating stupid threats and perilous to bounce deliver? GTFO out of my homestead, as you position it, is a terrible ingredient to say, and any guy who might want to ditch his spouse or youngsters to keep his credit record has all of it incorrect. you opt for to confirm your credit record and financials bypass contained in the crapper? Divorce her, watch her take custody with both infant help or alimony and your score will drop swifter than a turd in an outhouse. cool down, and then artwork at the same time. of course she's were given a want, or appears like you're too controlling with the money. Or that you spend it as you note in advantageous condition, and do not pay interest to her desires, needs and options. perhaps a economic planner, economic type - so as that she is prevalent with it - might want to be an outstanding concept. allow her comprehend what she's doing, and note the position you would possibly want to be. until eventually then, she has the want to bypass out and characteristic a number of that administration. perhaps you would possibly want to seem at why. or maybe she's merely crying reason she were given stuck. yet you would possibly want to figure it out before throwing contained in the towel.

Answer 5

it could do so very well yes. would the country collapse, many of it citizens will suddenly be faced with the fact that they cannot support the lifestyle they are accustomed too.

Fortunately, i myself doubt it is going to happen very soon. Economists have been fortelling americas collapse for the past decade, everytime extending the deadline.

Another good thing, is that everytime the americans hold an election. theres a 100% chance the economics of the country get turned upside down. Bush mowed a lot of hte american economy down. and a President like Clinton (bill not hilary) could easily rebuild it in a next term.

Answer 6

Congratulations, you've managed to get every fact and number you cite incorrect. That takes real talent AND commitment.

Go ahead and fret my friend. The success or failure of the USA won't be riding YOUR shoulders, that's for sure.