How does a "Broke" Nation recover?

1. 61

   qwarkposted 14 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?
   Qwark

   replyreport
   1. 66

      Daniel Carterposted 14 years agoin 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.

      replyreport
      1. 61

         qwarkposted 14 years agoin reply to this

         The next few yrs are going to be very scary!
         Qwark

         replyreport
   2. 0

      china manposted 14 years agoin 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.

      replyreport
      1. 61

         qwarkposted 14 years agoin reply to this

         China:
         If we aren't, we are rapidly becoming one!
         Qwark

         replyreport
   3. 60

      Jim Hunterposted 14 years agoin reply to this

      "How does a "Broke" Nation recover?"
      
      By spending 1.6 Trillion dollars more.
      
      Works every time.

      replyreport
2. 78

   thisisoliposted 14 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.

   replyreport
3. 81

   Rafiniposted 14 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.

   replyreport
   1. 76

      wildernessposted 14 years agoin reply to this

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

      replyreport
   2. 83

      Aya Katzposted 14 years agoin reply to this

      Good one!

      replyreport
4. 73

   livewithrichardposted 14 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.

   replyreport
   1. 61

      qwarkposted 14 years agoin 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?
      
      Qwark

      replyreport
5. 81

   GmaGoldieposted 14 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.

   replyreport
   1. 61

      qwarkposted 14 years agoin reply to this

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

      replyreport
6. 71

   Cagsilposted 14 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.

   replyreport