http://www.house.gov/tanner/foreignholdings.htm
Japan: $668 Billion
China: $217 Billion
Caribbean Banking Centers: $72 Billion
OPEC Nations: $48 Billion
How is being this far in debt possibly good for America or Americans?
2007-11-14 10:34:31 · 15 answers · asked by Kelly B 4 in Politics & Government ➔ Politics
It might become embarrassing but not before the
whole world starts to think we cannot pay it back.
2007-11-14 10:46:16 · answer #1 · answered by Anonymous · 2⤊ 0⤋
It's beyond embarrassing, it;s a disgrace.
To people who compare this debt to owing on a home, I say this: A home appreciates, but a debt grows like a son of a gun and puts you further into your debt. So if we're going to make an analogy, then let's compare apples with apples: A guy who can't afford many new clothes, buys himself a whole new wardrobe and a few fur coats at $6000 each . He does this while his kids have no money saved for their education and/or an emergency doctor's visit. They may not have enough to eat once the debt catches up with him. Should he be embarrassed?
2007-11-14 18:49:26 · answer #2 · answered by TJTB 7 · 2⤊ 1⤋
Embarrassing? No Kelly, IT IS AN INSULT!!! Have you ever heard the old saying: "Sold down the river?" The Politicians ALL OF THEM has 'sold US down the river' to financial enslavement !!! Never in the written history of mankind has any nation owed so much, and especially to 'foreign countries'.
Is this a 'giant step' towards the one world government / new world order??
Think on that one!
2007-11-16 08:53:10 · answer #3 · answered by I'M HERE 4 · 0⤊ 0⤋
I would like to see these numbers stabilize or get lower. I don't really find it very embarrassing, I think it's nice to live in a country that is so attractive for foreign investors. Also, the lending goes both ways we are also owed large sums of money.
2007-11-14 18:52:39 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Yes it is embarrassing.
Prior to Reagan, America was a lending nation.
After Reagan, America was a debtor nation.
Foreign companies and entities are buying up everything they can in the US, at an alarming rate. The falling value of the US dollar is only making the situation worse.
It won't be long before we are completely owned by foreign countries including Communist China.
Watch and wait until we cannot afford to pay our debt to them, then they cut off water, power, etc. supplies to NYC, LA, SF, etc. because they own the utilities.
2007-11-14 18:48:40 · answer #5 · answered by Anonymous · 2⤊ 2⤋
The national debt is up to $9 trillion.
2007-11-14 18:39:59 · answer #6 · answered by wyldfyr 7 · 3⤊ 2⤋
I do think this is bad. Imagine if all of them start collecting !
How about that for a bill collection call ! "You owe 500 billion, how would you like to pay that today ?"
2007-11-14 18:48:08 · answer #7 · answered by cjgt2 6 · 1⤊ 2⤋
Will the nations that owe us for gifts and loans pay up?
2007-11-14 18:51:32 · answer #8 · answered by Anonymous · 1⤊ 2⤋
Yes it is, and you can thank George W. Bush for that debt.
2007-11-14 19:20:08 · answer #9 · answered by Anonymous · 1⤊ 2⤋
I walk around red faced all the time.
2007-11-14 19:02:35 · answer #10 · answered by Anonymous · 1⤊ 2⤋