Would you think the loan would be repaid?
2007-10-23 09:38:47 · 15 answers · asked by Zardoz 7 in Politics & Government ➔ Politics
Would you say not until your World War 1 and 2 debt is paid off?
2007-10-23 09:52:03 · update #1
Tell them to get lost. 25% of their budget goes to paying the interest on the debt they have already incurred.
2007-10-23 09:43:01 · answer #1 · answered by Its Hero Dictatorship 5 · 1⤊ 1⤋
After WW-2, publicly held debt was 121% GDP; although the debt level has increased many times over since then, the debt ratio has dropped to 37.5% because of sixty years of economic growth.
By the way, I haven't found anyone yet who can justify an estimate as to how high that ratio could go before the markets would start giving unmistakable negative signals, and that includes me. At least we know that our current debt level is perceived favorably, because interest rates, inflation rates, and exchange rates are remaining steady in safe territory. I've always wondered if a ratio of 150% or more might be a tipping point (still lower than Japan's)—but am not sure I want to find out empirically.
2007-10-23 16:54:34 · answer #2 · answered by CaptainObvious 7 · 1⤊ 0⤋
Sure, I'd sell them a loan. Here's my terms: 4% interest PLUS whatever rate the dollar falls in the mean time - not based on CPI but rather against other competing currencies.
No running up huge deficits to pay ME back in devalued currency!
2007-10-23 16:51:03 · answer #3 · answered by freedom first 5 · 1⤊ 0⤋
I'd tell them they are TOO in debt and don't qualify for a loan, and to stop their war mongering around the Muslim world so much for oil. HA HA HA
2007-10-23 16:46:22 · answer #4 · answered by Zee 2 · 2⤊ 0⤋
Demand Bush end the expensive war in Iraq first.
2007-10-23 16:42:04 · answer #5 · answered by Steve C 7 · 3⤊ 0⤋
I use to be in banking and I believe that the governent would be turned down because of the deficit it has taken on!
2007-10-23 16:45:22 · answer #6 · answered by Anonymous · 2⤊ 0⤋
Give it to them and collect a high interest rate for centuries.
2007-10-23 16:46:17 · answer #7 · answered by Anonymous · 2⤊ 0⤋
I'd say No if it happned today, but if it happend in 2008 after we elect a new presidant, I might just say yes...
2007-10-23 16:42:21 · answer #8 · answered by FORZAAZZURRI06 3 · 3⤊ 0⤋
Laugh hysterically!
2007-10-23 16:42:03 · answer #9 · answered by grumpy_chick 2 · 4⤊ 0⤋
I would ask for collateral (like an entire state).
2007-10-23 16:42:28 · answer #10 · answered by Tx Guy 3 · 1⤊ 0⤋