The British Empire fell because WW2 exhausted it economically. The USSR broke apart because it could no longer finance the cold war. The United States is spending a great deal of money in Iraq. Is the USA aware of this danger? Is it a realistic fear?
2007-04-16 04:31:56 · 8 answers · asked by pete the pirate 5 in Politics & Government ➔ Other - Politics & Government
Absolutely. We cannot increase spending faster than economic growth without the revenue to pay for it forever.
2007-04-16 05:09:06 · answer #1 · answered by Jesus Jones 4 · 0⤊ 0⤋
You can't go bankrupt if you can print your own money.
You have made some bad analogies in your question. First the British Empire didn't fall because of WW2, they exhausted themselves during WW1. They were only a shell of themselves by the time 1939 rolled around. Even then it wasn't a monetary problem by a population one. The USSR was broken economically, but they never had a strong or large economy to begin with. The Russians had a bad economic model and it didn't take much for the USA to break it. This isn't the case with the USA, their economy is stronger now than it was when the war started. The only danger the USA faces with Iraq is getting bored and leaving too soon.
2007-04-16 04:46:23 · answer #2 · answered by Just a friend. 6 · 0⤊ 1⤋
It's a drop in the bucket....don't sweat it. 2006 GDP is estimated to be about $13 Trillion. We spend more on medical subsidies than we do on the war. How about we stop THAT nonsense?
2007-04-16 04:40:52 · answer #3 · answered by evans_michael_ya 6 · 0⤊ 0⤋
Iraq is the cost of doing business in this world and its cost is fractional compared to Social Security and the coming debt explosion related to covering the costs of healthcare. Healthcare and SS are the bogeymen, Iraq is pocket change dude. Read you almanac and check those budget expenditures. Your Congressmen are selling future current and future generations down the river because they simply refuse to control their spending (on entitlements).
2007-04-16 04:40:56 · answer #4 · answered by Anonymous · 1⤊ 1⤋
History tells us that other nations failed due to a lack of democratic leaders and NOT bankruptcy. Get real!!
2007-04-16 04:57:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
That's far worse of a threat to the national security than any terrorist group.
2007-04-16 04:41:35 · answer #6 · answered by Jose R 6 · 0⤊ 0⤋
When it comes to our government USA whom has a track record of deception in lying to other countries & its own people. One thing is for sure when it comes to printing paper money their is no shortage of paper & ink! Just problems in who is allowed to posses some of it!
2007-04-16 04:37:37 · answer #7 · answered by bulabate 6 · 0⤊ 1⤋
war on terror 2 trillion bucks ya its not going to last forever
2007-04-16 04:35:17 · answer #8 · answered by Anonymous · 0⤊ 1⤋