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How does a "Broke" Nation recover?

  1. qwark profile image59
    qwarkposted 5 years ago

    The USA is broke!
    Our daily payment on the "debt" is about 4 billion a day. (correct me if I'm wrong.)
    What are the chances that we become just another 3rd world country?

    1. Daniel Carter profile image91
      Daniel Carterposted 5 years ago in reply to this

      Defer payment to our children and grandchildren. It's the American way.
      Either that, or let Greece take us over as a territory of theirs.

      1. qwark profile image59
        qwarkposted 5 years ago in reply to this

        The next few yrs are going to be very scary!

    2. 0
      china manposted 5 years ago in reply to this

      According to many indicators like religios fundamentalism, education, wealth gap and a few other important ones that I can't recall at past midnight - you alread are.

      1. qwark profile image59
        qwarkposted 5 years ago in reply to this

        If we aren't, we are rapidly becoming one!

    3. Jim Hunter profile image62
      Jim Hunterposted 5 years ago in reply to this

      "How does a "Broke" Nation recover?"

      By spending 1.6 Trillion dollars more.

      Works every time.

  2. thisisoli profile image73
    thisisoliposted 5 years ago

    The best way to put an economy back on track is to increase production  and exports, bring more foreign money in to the country. 

    This is easier said than done, but at the moment teh American cosnumer economy is based on imports, even wages are going to other countries.  Improving the export economy is one of the best ways to reduce national debt.

  3. Rafini profile image81
    Rafiniposted 5 years ago

    Allow all the states to declare Bankruptcy!  Then, we can start all over and let it happen again because nobody learned their lessons the first time. hmm

    1. wilderness profile image95
      wildernessposted 5 years ago in reply to this

      lol And that's about the way it would go, too! lol

    2. Aya Katz profile image90
      Aya Katzposted 5 years ago in reply to this

      Good one!

  4. livewithrichard profile image86
    livewithrichardposted 5 years ago

    We just declare that we are NOT BROKE. We stole this country once, we can do it again.  Our government is really good at stealing.

    Do you really think people around the world would stop doing business with us? And what if they did? We would have to produce our own stuff again, reopen factories, open our borders because our 100% employment is just not enough.

    Personally, I wish our POTUS and Congress would stand in front of the world today and declare the US Bankrupt and wipe our debt clean.

    Not going to happen so long as we are dependent on foreign oil but just think what we could do if we didn't have that dependency.

    1. qwark profile image59
      qwarkposted 5 years ago in reply to this

      "OIL" rules!

      Politics is a "slave" to oil!

      The world economy is a slave to "OIL!"

      He who controls money..."Rules!"

      (paraphrase Baron Rothchilds)

      "The time to buy is when there is blood in the streets."

      Is that what it's boiling down to?


  5. GmaGoldie profile image86
    GmaGoldieposted 5 years ago

    All of this is very scary for us Americans but while the debt is high before we could always overcome it because the income on the debt was returning to Americans.  The hole we have dug is now very deep because we don't even owe the debt to ourselves!  Think about it we are not earning income on our own debt, we are now exporting the interest earned on our debt overseas.

    That export will certainly kill us.

    1. qwark profile image59
      qwarkposted 5 years ago in reply to this

      The "mortgagor" is the "boss!!!!"

  6. Cagsil profile image82
    Cagsilposted 5 years ago

    How does a "broke" nation recover?

    (a) Limited Federal Government power and dominion over people and State.
    (b) Limited State Government power and dominion over people.
    (c) Bring Truth to light about the Best way to utilize America's way of life.
    (d) Increase Educational access to citizens.
    (e) Decrease Corporate power.
    (f) Decrease manipulative corruption influences.
    (g) Increase productivity of all corporations.
    (h) Restore manufacturing base(exports and imports).
    (i) Stop policing the world.