first it was the sub prime rate debacle, now the credit cards are following suit, it seems to stave of the bank for a while they run up their credit card debt till they can not manage anymore?
2007-11-30 13:22:59 · 8 answers · asked by Anonymous in News & Events ➔ Current Events
The answer is deep rooted and to say all that are serious issues, the time and space is here, is not enough! US is now taking a billion a day even to debt servicing! The deficit budgeting,mindless expenses in military and its world wide maintenance, the escalating war in Iraq,the growing debt and its servicing, outsourcing jobs, immigrants, energy crisis, oil price zoom, etc apart from natural hit like Katrina, Calif wild fire does need to be addressed with right measures!
The people are more concerned with their day to day problems and there is no seriousness even in the political camps and the time is ticking for more trouble and some deep trouble too which all will have impact on the economy and well being of the people! It seems US needs some really serious political personalities who can turn the nation for progress from the fall, which is mainly by the policies pursued by the present administration!
The US has to protect its market too against mindless invasion of investments and as well the diversion of jobs to outside!
2007-11-30 14:49:34 · answer #1 · answered by anjana 6 · 0⤊ 0⤋
This nation is always in trouble but the U S has a way of working out it's problems just in time for the next one to come along.
2007-11-30 21:58:25 · answer #2 · answered by clinkerbosox 2 · 1⤊ 0⤋
No there will no doubt be Debtors prisons and mandatory military service to offset what our Crooked Govt has allowed the Banks to get away with.We will still be a nation just not a free nation.
2007-11-30 21:30:03 · answer #3 · answered by Hillarys lovehandles 4 · 0⤊ 0⤋
We are getting to be a country that could be in trouble. Our money's devalued. Oil is using up billions of dollars that aren't productive, We do have some big problems. and it is yet to be seen whether we can do anything about it.
2007-11-30 21:36:15 · answer #4 · answered by redd headd 7 · 1⤊ 0⤋
Annual income 50,000 dollars.
Annual expenditure 55,000dollars.
Result = Misery.
Annual income 50,000 dollars.
Annual expenditure 49,000 dollars.
Result = Happiness.
Charles Dickens first wrote this[ have just adjusted the figures].
2007-11-30 21:33:05 · answer #5 · answered by Anonymous · 1⤊ 0⤋
no
just only buy local products
don't let investors in
they suck your nation dry
make profits outside the nation
keep profits inside the nation low
2007-11-30 21:53:20 · answer #6 · answered by hein 6 · 0⤊ 0⤋
You should pay your mortgage. Then, banks have their money to fix their problems. Otherwise, they would become trouble children to create more problems for you to solve.
2007-11-30 21:35:39 · answer #7 · answered by giginotgigi 7 · 0⤊ 0⤋
i think the nation is pretty much doomed.
especially under the leadership of our great president.
2007-11-30 21:30:35 · answer #8 · answered by ♥ 3 · 0⤊ 1⤋