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Our government's financial circumstances

Discussion in 'Political Debate & Discussion' started by freeatlast, Jun 4, 2012.

  1. freeatlast

    freeatlast New Member

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    We are currently about 16 trillion in debt which requires over 40 percent of every dollar spent to be borrowed. A comparison would be for the average tax payer having to borrow every week over 40 percent of the money they need to pay bills and survive including the borrowing money to pay the already money they have borrowed while they continue to add more debt to the already debt they have.

    What do you see for this nation in regards to what we are seeing in Europe with their money system and how can our problem be fixed? Do you think we will have to devaluate the dollar, like Mexico has done so many times, to survive and if so what would be the consequences?
     
  2. billwald

    billwald New Member

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    Every family that requires 2 incomes to pay the mortgage has spent itself into the exact same condition. Should we expect our government be smarter than the people who elect it?
     
  3. freeatlast

    freeatlast New Member

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    No that is not true. There is not a single household that is in the same condition that our government is in. It would be impossible for individuals to borrow 40 percent above what you take in every week to pay their bills while they continue to increase their debt.
     
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