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Why Americans Should Not Be 'Too' Worried About National Debt.....

  1. profile image0
    ryankettposted 8 years ago

    At least in comparison to how worried I should be about ours lol

    I often notice a lot of concern by Americans about their constantly rising levels of debt, so I thought that I would investigate. I have since done a simple hub which shows that America's debt situation really is not that bad (yet).

    Although concern about rising debt is understandable, my simple analysis (ok, so it is in laymans terms) shows that you are a long way from bankruptcy yet wink

    I know that I am not supposed to promote hubs, so cant post the URL, but thought that it might be a good discussion point.

  2. Misha profile image74
    Mishaposted 8 years ago

    Yeah, you definitely are in a position to tell what Americans should or should not do. Thank you, our condescending. lol


    Oh, and btw, L@@K, SPAMMER! lol

    1. profile image0
      ryankettposted 8 years ago in reply to this

      My one bit of spam beats your 8500+ bits. You are the single biggest spammer and fanner on this site. lol

      1. Misha profile image74
        Mishaposted 8 years ago in reply to this

        I am afraid not everybody share your attitude smile

        1. profile image0
          ryankettposted 8 years ago in reply to this

          I know Misha, you seem to be very popular - fair play. Its just my personal opinion, I am not claiming that this is shared by others. I took a dislike to you as a newbie, doesnt need to be justified. I just cannot see what this site as an entity gets out of you, particularly in relation to what you clearly take out of this site.

  3. Eric Graudins profile image61
    Eric Graudinsposted 8 years ago

    A lobster about to be boiled alive in a pot probably thinks "Hey, the temperatures rising, but it's not too bad".

    Debt is fine if it's for productive purposes that generate income.
    Very little of the debt being generated by all the "stimulus packages" around the world is being used for productive purposes that will generate future income.

    We are enslaving our children and their children with a mountain of debt. But we'll be OK - hey that's all that matters, dunnit?

    1. profile image0
      ryankettposted 8 years ago in reply to this

      I understand exactly what you are saying Eric. I guess that the main concern is whether debt is repaid when GDP rises once more. If you need to borrow $10 from your neighbour, you pay this back on payday wink

      But your damn right about the generation thing, hence the reason I said 'yet'. In fact, as a 24 year old myself, I will be paying for my countries debt for the rest of my life - in taxes, in cut backs in public serves, in one way or another I will be paying for the spending of yesterday.

      So yes, I can understand exactly what your saying.

    2. JYOTI KOTHARI profile image71
      JYOTI KOTHARIposted 8 years ago in reply to this

      I agreed. Rising debt of America is really a concern for all US citizens. They are in problem and it will rise if people ignore it.
      One may read hubs about financial problem of America or economic crisis of America.

      Thanks,
      Jyoti Kothari

  4. PhilD41 profile image60
    PhilD41posted 8 years ago

    I realize that we are not in trouble 'yet.'  Speaking only for myself, the biggest problem isn't where we are now, but where the road is leading 10 - 20 years from now.  People get use to spending, governments get even more use to it.  I don't see then decreasing spending so it simply means a larger tax burden in the future.  I would love to be wrong, but I am not planning on holding my breath.

    1. profile image0
      ryankettposted 8 years ago in reply to this

      Well that is a carbon copy of the way the UK has become so deeply into debt. At current you have a falling salary (Recession), so you take a bank loan (External Debt), you can either repay this bank loan when your salary increases again (Recovery/Growth), or you can let it sit their and build interest. Which is exactly what the UK did.

      A good country to look at as an example of how to operate are Japan, external debt of just 35% of GDP. Considering their past problems, thats pretty good going. Considering they too have used economic stimulas in the past.

  5. Colebabie profile image59
    Colebabieposted 8 years ago

    You both can be nice guys. Why the fighting? Unless you're fighting over me, I just don't see the point.

    1. Misha profile image74
      Mishaposted 8 years ago in reply to this

      Of course over you! Is there any worthier reason to fight? wink

      1. profile image0
        ryankettposted 8 years ago in reply to this

        Its not over you Colebabie, but Im sure that you are well worth fighting over - as I am sure your boyfriend will testify wink

      2. Ron Montgomery profile image61
        Ron Montgomeryposted 8 years ago in reply to this

        I'll kick both of your asses if Colebabie is the prize!

        1. Colebabie profile image59
          Colebabieposted 8 years ago in reply to this

          Not to rehash the forum, but I just saw this and wanted to say thanks to Ron smile

  6. Eric Graudins profile image61
    Eric Graudinsposted 8 years ago

    Colebabie has left the room.
    We've gone off somewhere for a drink, and left you two bull elephants here to slug it out. lol

    1. Misha profile image74
      Mishaposted 8 years ago in reply to this

      There is no fun without Cole, Eric. Not worth the effort. smile

      Maddie will come tomorrow, and decide whether this thread was posted in a good will or not. I am content with her decision. smile

      1. Colebabie profile image59
        Colebabieposted 8 years ago in reply to this

        Haha I'm back!
        Was video chatting with the boyfriend sorry!
        So how bout that drink Eric?

  7. profile image0
    Ghost32posted 8 years ago

    Referring wa-ay back to the actual title of the thread, I can say with certainty that I am not in the least concerned about our national debt.  I am concerned about my personal debt.

    In theory, I should actually be able to do something about the latter....

    1. Eric Graudins profile image61
      Eric Graudinsposted 8 years ago in reply to this

      I'm not sure that's allowed on these forums lol

 
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