At least in comparison to how worried I should be about ours
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
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.
Yeah, you definitely are in a position to tell what Americans should or should not do. Thank you, our condescending.
Oh, and btw, L@@K, SPAMMER!
My one bit of spam beats your 8500+ bits. You are the single biggest spammer and fanner on this site.
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.
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?
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
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.
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.
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.
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.
You both can be nice guys. Why the fighting? Unless you're fighting over me, I just don't see the point.
Of course over you! Is there any worthier reason to fight?
Its not over you Colebabie, but Im sure that you are well worth fighting over - as I am sure your boyfriend will testify
I'll kick both of your asses if Colebabie is the prize!
Colebabie has left the room.
We've gone off somewhere for a drink, and left you two bull elephants here to slug it out.
There is no fun without Cole, Eric. Not worth the effort.
Maddie will come tomorrow, and decide whether this thread was posted in a good will or not. I am content with her decision.
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....
by SheriSapp 2 years ago
Why do the liberals insist on more deficit spending when the nation is BROKE?Why do the liberals REFUSE to understand that the deficit spending MUST be stopped or the nation will become premanently bankrupt?
by qwark 7 years ago
A billion:A billion seconds ago it was 1959!A billion minutes ago jesus alledgedly lived!A billion hours ago our ancestors were living in the stone age!A billion days ago no one walked upon the earth on 2 feet!Now, consider 1000 times a billion: a trillion... and try to visualize our national...
by Susan Reid 5 years ago
Gee. I've been led to believe it's all Obama's fault.Guess that's simply NOT TRUE!http://youtu.be/LcvLHHMC4iI
by FitnezzJim 17 months ago
Why has the National Debt Clock gone down in recent months?Screen captures from Usdebtclock.org from December 16, 2016 and March 26, 2017 show that about a $90 billion decrease in their estimate of the United States national debt.What explains this?The picture shows the capture from December 17,...
by Peter D. 4 years ago
I am just curious what most people will answer with, but I think I know what the answer is going to be....
by Jack Lee 8 months ago
Let me be consistent and bring up the topic of our debt, which was doubled under Obama’s 7 years to $20 trillion and now under the first year of the Trump administration is rising to $20.5 trillion. It is Congress’s mandate to control spending. Let’s hope they have some backbone and say no to...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|