Do you agree, that if America keeps spending the way they do, america will be bankrupt by the year 2040?

Question

THis issues concerns me very much, Im so scared to see what the outcome of americans outrageous spending is doing to our future

Answer 1

No that is Social Security that will be bankrupt in 33 years if the liberals continue to raid it for their pork projects.

Answer 2

American big business and politicians have sold out it's citizens. The Chinese will own half of our debt by 2010, when the interest rates rise, we will be hostages to their government, 2040 is a very optimistic date, technology is increasing the economic spreadsheet faster than they can print money, our children and grandchildren are in mortal danger because of greedy, immoral Republicans.

Answer 3

2040?? How about right now. We have been in the red for how many decades? If America was a business, we'd have shut down along long time ago.

Answer 4

What makes you think we aren't now? Without more borrowing, there is no way this country can pay off the debt it owes on time, or probably ever will.. All our government is doing is using an exaggerated version of paying off the Master Card with the Visa Card. We all know what happens to people who do that, right?

Answer 5

Most Americans still do not realize that they are enslaved to the ruling elite, a group with a savage, relentless devotion to avarice, the blind pursuit of money, and the domination of Earth's people and resources. Under the Bush Regime, the mask of civility, morality, and democracy has slipped to the point that the hideous visage of raw capitalism and imperialistic ambition is almost completely exposed. Yet somehow, as over a hundred thousand lie dead in Iraq, the Patriot Act strips our civil liberties, the wealth gap widens to a chasm, Big Brother has been caught watching (and is unrepentant), billions of dollars are wasted on occupations of sovereign nations, habeas corpus disappears, America engages in torture regularly, property rights precede human rights, and a major city lays in ruins due to the willful neglect of a government charged by the Constitution with promoting the general welfare, many Americans still cannot, or will not, dare to even glimpse at the lurid countenance of evil leering at them from Washington.
Like a swarm of locusts, Social Darwinists have descended upon our nation and are rapidly devouring the fruits of our labor. Resembling leeches, these parasites drain the life-blood of America and return nothing. Acting as virulent strains of previously undiscovered illnesses, these pathogens have infected a nation filled with the promise and potential envisioned by Thomas Paine. The resulting disease has reduced the United States to a wheezing, gasping tyrant nearly on economic life support. This once admirable nation flails almost blindly as it wields the only real power it has left like a bludgeon, dispatching its awesome military on imperial errands and acts of revenge (against the wrong people) under the pretense of humanitarian intervention. Employing quick sound bites, propaganda packaged as gospel, tantalizing distractions, the lure of easy money, and a highly insular environment, these sociopathic plunderers have hijacked America . Their reckless piloting is destined to result in a disaster of Biblical proportions. America 's rulers view the world as their playground. Recess is in session and the schoolyard bullies have seized control. They kidnapped the school-yard monitor, have stolen the lunch money, are taunting and beating the weak, and are playing kickball with the class misfit's head.

Answer 6

We are in debt to the tune of $8 Trillion, how many trillions does it take to go bankrupt. We must be very close now.

Answer 7

That is only true if tax rates go up. When taxes go up, tax revenue goes down because the people that create jobs and business can only afford to do so if the incentives are there.

Answer 8

It depends on what we do. The looming crisis is Social Security, Medicare, and Medicaid. Cons call these entitlements to make them sound bad but the truth is they are there to help americans. We need to start repairing them now before the retiring baby boomers tear them apart. The vast majority of workers paid in, how will we tell them - sorry! We aren't going to pay you your money?

Answer 9

Short answer "NO"

And by the way dstr take a chillpill or two or three or a very large bottle full.

Answer 10

Believable. The solution is ending government entitlements. People need to buy their own health care, retirement, etc.