This war is costing Millions of Dollars to keep it going. What will happen to our country as a result?

Question

Could loosing this money throw us into another Depression? I've heard some old timers ( I live in a Senior Apt. Complex.) say that Bush is worst than Herbert Hover.If the loss og mony causes another depression will this war be woth it in the end?

Answer 1

The nightmare scenario is China dumping all of the US currency/treasury bonds they hold and trading them for Yen or Euros. That would destroy the U.S. economy for a long, long time.

Currently, they hold close to a trillion dollars worth of US bonds. Yes, we eventually have to pay all of that back with interest.

Politically, it's a problem for Democrats, because they would be faced with the politically suicidal task of fixing a Republican problem. While waging an expensive and worthless war, tax-cuts favoring the rich have also been passed, and still, Republicans insist on repealing the estate tax.

(note: Bush's tax cuts favor the rich in the following manner: the richest 1 percent of Americans, even those overseas like Halliburton CEO's, will receive 52% of the trillion dollar tax cut)

Answer 2

Bankruptcy at the rate we are going with the war and other debts. Due to the mounting debt it will have a ripple effect on the world economy causing it to crash. Thus everyone is poor and the worst in people comes out to survive leading to total catastrophe. Leading to the next big civil war around the whole world.

Answer 3

Right now, the funding of this war is all on credit from countries like China. We are not being exposed to the true financial costs of the war because it is not on the budget. In effect, we will be paying for it for many, many years to come. I live in Michigan, and Congressmen John Conyors and Dale Kildee have informed us that between their two districts, we will pay something like $1400 a person annually for years to come, once paying back has begun. Think democracy will flourish in that region? I don't.

Answer 4

I would most definitely vote for Romney. Obama claims he brought troops home from Iraq. What troops? Obama claims he has created jobs but he has also depleted even more jobs. I know someone who DID TOO build their business. He also basically gave free cell phones to people who don't work and said "screw you" to those of us who work. And raised taxes on us (being the middle class, like Romney said in the big debate.) Obama thinks everyone should have equal things. As in, there's Bob who works his butt off and gets an income of $50,000, and here's James who's a lazy bum. Obama basically says: "Here's what I'll do: I will take $25,000 of Bob's money and give it to James." I really don't like either of them, but Romney has brought up some obvious points about Obama that other politicians either have been too afraid to say or too dumb to notice. Also, we can't get much more screwed up than we already are now, so I say "Why not give Romney a shot?" GO ROMNEY!

Answer 5

You should invest in companies doing business with the military – you could be as rich as Cheney. I have heard also that you could go there and work for the military at a 6 figure income. Both these “news flashes” help the economy.


"Never fight the Americans without nuclear weapons."
- Indian Army General after the First Gulf War

Answer 6

Bankruptcy. Bush wants the occupation of Iraq to last decades. At over $2 billion a week, that will bankrupt the USA.

Answer 7

Don't even fret about it.
"If" you ever were a working person, worry about the Democrats raising taxes on us working people.

*******Check out the Business News and you will find out the Economy is Rocking & Rolling. It is so strong that even the Democrats couldn't destroy it, as hard as they tried.
(You need to do a little research and not listen to those old rich people. Ask them if they ever held a job.)

Answer 8

Billions. $400 billion.

Answer 9

The only thing that is for sure is that we will have a lot of dead and wounded soldiers.

Answer 10

the usual, higher taxes and fewer services