General

Chat

What about the Usa Massive Debt?

What happens if it keeps building up? Nothing I guess. Until fossil fuel shortages appear in at least 50 years based on some kind of statistics because of overpopulation and that will personally keep everyone focused on that. The US is really modern and pro at money issues so I think we should ignore the Debt and keep things progressive. So why should I exactly care about 6% of the human population's Debt. I actually don't know whats going on with this spoiled nation's issues but I remember you guys mention about Debt a lot and I don't see how it's bad since your daily business suck out the life out of foreign nations. That was my uneducated and informal opinion, so what actually happens if the US debt doesn't get handled properly in ____ years?

October 28, 2012

9 Comments • Newest first

romperz

@iSpitOnLuk: LOL they found out how to make it practical, they just need more operational plants

Reply October 29, 2012
XxAzbelxX

Pfft, that's why I;m voting for Obama for president, who's thinking of creating our own resources so we can make money and pay it off, unlike Romney who's going to just extend this problem by using more resources, ahem, pipeline to Canada=more debt.

Reply October 29, 2012
NonSonoFronz

I don't even know what to think about our debt crisis anymore. o.o
With the 43 trillion laundering scandal and the 16 trillion in secret bailouts to Europe, there could be some kind of crazy conspiracy behind it all.

Reply October 29, 2012
GreenPen

The US would explodee

Reply October 28, 2012
TrueAtheist

Just Google "what happens if the u.s. defaults on it's debt", the outcome is too complex to just put into a sentence. It would effect every aspect of the economy and the world economy in different ways.

Reply October 28, 2012
romperz

fossil fuel shortage = solved
Britain just found a way to synthesize methanol out of air and water, then convert it to gasoline. They plan on having a money-efficient plant running by 2015.
so you can possibly take that off your most important list lol

Reply October 28, 2012 - edited
BlkTwitch

They just print more money. They have been doing it for a quite a while now. This the value of the dollar drops and goods become more expensive.

Reply October 28, 2012 - edited
ehnogi

Our debt in the United States is at $16trillion.

"Debt" regarding the government is simply the amount of money we owe from deficits [if we overspend, we borrow so that we have enough to spend]. We borrow money from other nations, or from our citizens and must pay them back eventually.

Tax revenue is the only way our government collects money for its spending, so increasing taxes and reducing spending is the ideal way to pay everyone back. The problem is, people like to argue about what to spend taxes on and how much everyone should be taxed.

Reply October 28, 2012 - edited
punx

I wanna know 2

Reply October 28, 2012 - edited