Billions spent on Iraq and Afghanistan, 30 Billion to help Aids victims in Africa and so on and on. Where does all this money come from?
2007-05-30 09:31:18 · 11 answers · asked by slipperypickle 3 in Politics & Government ➔ Government
Your's and my pockets, not only that but creating a debt for everyone to pay in the long run. Look at it this way... The Soviet Union went bankrupt for reasons that we (the nation) is facing today. For example, the war in Iraq, for the most part and for a use of time and space the soviets went broke because they thought they could win a war and yadda well the rest is history.
I think George Washington would turn over in his grave if he knew how much in debt the country is right now.. Besides, instead of paying 3 billion a week for a war, how about we just rid every state from their debt, or use the money for a universal health care system, or better yet give all the money BACK to the tax payers..
It appears that things are 'gonna have to change here soon, or myself and future generations are going to feel pain where the sun don't shine!
2007-05-30 09:39:08 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Taxes support to pay for the struggle. I believe what plenty of folks do not become aware of too is that governments do not always have got to have coins to be had to pay for matters. Governments get loans from participants(executive bonds) or even different nations. That is how we will have a deficit. To reply to an additional answerer, we are not making cash to pay for matters. The executive works with the present cash provide. For them to broaden it simply to shop for a few tanks could have severe results at the relaxation of the economic climate. Either Germany or Russia(I recognize, I get them combined up at all times) owed plenty of nations plenty of cash they could not pay again after WWI. In order to pay off their debt, they simply minted all of the cash they wanted. Well, they acquired out of debt however their forex grew to be nearly nugatory since there used to be an excessive amount of in movement. It despatched them right into a terrible despair that they've nonetheless now not recovered from.
2016-09-05 16:58:34 · answer #2 · answered by ? 4 · 0⤊ 0⤋
China, Korea, Saudi Arabia, and most oil rich nations are heavy investors in the U.S.
That may sound silly, but the U.S. has a very good reputation for paying its debts and for controlling inflation so they know they will get their money and be paid with sound dollars.
2007-05-30 10:34:50 · answer #3 · answered by Philip H 7 · 0⤊ 0⤋
The people are taxed.
Probably the highest tax in the world
2007-05-30 09:36:00 · answer #4 · answered by whymewhynow 5 · 1⤊ 0⤋
I saw China and taxes. but China really does have a stronghold on us, because so much of our products come from their its like....if they stopped working for us, we'd have almost nothing to sell!
2007-05-30 09:36:53 · answer #5 · answered by Becca R 2 · 0⤊ 0⤋
China, our financial debt to them is huge. Lets hope they don't ask for it back anytime soon.
2007-05-30 09:35:08 · answer #6 · answered by awake 4 · 1⤊ 0⤋
All of us who pay taxes.
2007-05-30 09:34:54 · answer #7 · answered by Anonymous · 0⤊ 0⤋
TAXES -- We are taxed to death and have been for years!!
2007-05-30 09:36:05 · answer #8 · answered by Caleb's Mom 6 · 1⤊ 0⤋
My taxes, your taxes, my kids taxes, their kids taxes, and their kids taxes, and their kids taxes...you see where I am going with this???
2007-05-30 09:34:52 · answer #9 · answered by Jamie R 4 · 2⤊ 0⤋
You and me....taxes
2007-05-30 10:03:42 · answer #10 · answered by curious115 7 · 1⤊ 0⤋