2007-07-10 16:16:42 · 10 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
Do you even know when the last time the US didn't have a federal debt? Do you know how this has affected your life? Have you considered that if we just control federal expenditures the antriual growht of the GDP would wipe out the entire debt within a generation and without raising any taxes?
2007-07-13 14:08:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It'll survive. The payback will come on the back of the American people as in the past. The real question here is what will happen if we don't find a way out of the Iraq war. We will cut the Iraq thing loose just in time for the '08 elections. The war on terror however will continue until someone has to be nuked. Just make sure you pay your taxes and vote for someone in '08 who is fiscally responsible.
2007-07-10 16:32:54 · answer #2 · answered by Anonymous · 1⤊ 1⤋
Don't worry,the government has plenty of tricks up its sleeve and I will give you an example.I work in the production industry and I can tell you that OSHA is most active during and after a war.They can fine a company up to $10,000 per safety violation and the government gets some some of the war money back.Now granted,fining big corporations will only knock out a small chunk but this is only one card the government can play.So don't worry so much.War won't do as much damage to our economy as most people think.Hell,world war 2 pulled us out of the great depression.So sometimes it actually helps the economy.
2007-07-10 16:36:11 · answer #3 · answered by Anonymous · 2⤊ 0⤋
related to the only ingredient a Republican candidate can grant u.s. is what Republicans have been making plans all alongside--Martial regulation and one guy rule. Republicans led to a great variety of this mess via telling people to spend, spend, spend after 911. the money went distant places as a replace of back into the financial gadget. The sensible ingredient to do could have been to pay down debt.
2016-11-08 23:29:56 · answer #4 · answered by dugas 4 · 0⤊ 0⤋
We're spending so much now, when we get out of the War in Iraq we'll finally be saving some.
2007-07-10 16:40:57 · answer #5 · answered by adam w 2 · 1⤊ 0⤋
Dude, it'll just be lumped into the national deficit an impossibly high deficit started during Roosvelt's presidency and continuing to grow because of out of control government spending, and really, the Iraqi war's cost is not tremendous by comparision to the already existing expenses.
2007-07-10 16:26:29 · answer #6 · answered by k.t.e. 2 · 3⤊ 2⤋
Lots of jobs to rebuild Iraq - especially for Halliburton - er - Cheney's pals.
2007-07-10 16:35:43 · answer #7 · answered by Anonymous · 2⤊ 1⤋
Our country has been writing rubber checks for a long time now. It is really adding up fast and a financial holocaust looms in the future.
2007-07-10 16:32:28 · answer #8 · answered by Anonymous · 1⤊ 1⤋
Not just that, but our national debt is at 9 trillion or something. What about then?
2007-07-10 16:23:45 · answer #9 · answered by hanginleft17 2 · 1⤊ 1⤋
The same thing that happened when we paid off the ww2 dept, in 1968.
2007-07-10 16:34:47 · answer #10 · answered by smsmith500 7 · 1⤊ 1⤋