2007-04-06 12:14:08 · 13 answers · asked by warning 2 in Politics & Government ➔ Military
America is in such a deep financial hole, that I would not be the least bit surprise if someone from the U.S. government goes on tv to announce that the government is bankrupt. Many of the U.S. corporation are now owned by foreigners. Pretty soon, foreigner if they aquire much more assets in the U.S., they will be able to dictate political policies.There is no gold, nor silver to back up our currence, other than the government's word, yet they keep cranking out worthless paper. If a citizen passes one bad check for over $500 they go to jail, but the goverement can pass unsecured currency at will .
2007-04-06 13:34:04 · answer #1 · answered by WC 7 · 0⤊ 0⤋
America is a net debtor nation - whether you're looking at the national debt of our government, or the sum total of all debt owed vs held by US citizens.
IIRC, the US shifted from a net creditor nation to a net debtor sometime in the late 70's, possibly the early 80s. I remember hearing about it when it happend - and I remember being pretty young at the time.
2007-04-06 19:24:24 · answer #2 · answered by B.Kevorkian 7 · 1⤊ 0⤋
Debtor. It's got more debt than any other country, with the result that much of the USA is actually owned by other countries. Japan is the world's largest creditor.
2007-04-06 19:23:14 · answer #3 · answered by Anonymous · 1⤊ 0⤋
America is the biggest debtor nation in the world.
2007-04-06 19:23:01 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Debtor nation.
2007-04-06 19:18:33 · answer #5 · answered by jeb black 5 · 1⤊ 0⤋
From the limited access I have to details of the national debt, financially the US is a debtor nation, living as I do from paycheck to paycheck and occasionally getting back a personal one marked "insufficient funds."
2007-04-06 19:19:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Debtor. All the U.S. Gov't bonds that other countries buy. That is money we owe them. China owns somthing like a trillion dollars worth. If a private citizen ran his life the way we run our government (cash flow wise) someone would foreclose on him or her.
2007-04-06 19:19:07 · answer #7 · answered by Info_Please 4 · 1⤊ 0⤋
Debtor, it owes a lot to other states
2007-04-06 19:17:14 · answer #8 · answered by Anonymous · 2⤊ 0⤋
It owes a lot especially to the Chinese and Arabs
This will be paid for by future generations and is one of the reasons why New Orleans is still in such a mess
2007-04-07 02:18:45 · answer #9 · answered by brainstorm 7 · 0⤊ 0⤋
We owe our soul to the countries of the world {china especially}
2007-04-06 19:25:18 · answer #10 · answered by Gypsy Gal 6 · 1⤊ 0⤋