Saturday, November 21st, 2009

What are the pros and cons of the US government debt?

Government Debt
Abubakr asked:


what can be consequences of government debt?

6 Responses to “What are the pros and cons of the US government debt?”

Xavier Alexander Due Feb. 20th!! Says:

hah, there’s never any pros about being in debt… unless you’re trying to get on welfare, but there is only so much to go around. This government is screwed as far as the economy goes.

searchin Says:

THE PROS ARE THE ONES LEAVING WITH (unregistered bank accounts full)Bush,Cheney,kindasleezeya Rice,rumfsfeldt,libbey,Gonzales,etc.After they destroy all records whimpy little america will sit back on its laurels and say shame on them for destroying the U.S OF A.The cons are the ones serving time for their illegal wiretaps and all the rest.Only in Gullibale,christian “right” (or not so)America.

Jim N Says:

Pro – People earn interest by investing in the national debt

Con – Foreign countries can invest in the debt

Joshua N Says:

Pros
“Conquest is not in our principles. It is inconsisent with our government.”(1)
“There was never a good war or a bad peace.”(2)
“Great is the guilt of an unnecessary war.”(3)
“War contains so much folly, as well as wickedness, that much is to be hoped from the progress of reason.”(4)
“Observe good faith and justice toward all nations. Cultivate peace and harmony with all.”(5)
Well, we won’t be able to afford the foreign policy we are currently pursuing and the foreign policy will return to that of the founding fathers.
You probably are facing the cons right now, though.

ruthaford_jive Says:

For the ruling super elite, who initiated and keep this system going, it keeps the people in a perpetual state of pseudo-serfdom/ in-debited slavery, which of course in turn makes the ruling super elite the masters. Simple reasoning.

For us… well… take a guess at how many significant and meaningful pros we get.

Pink Panther Says:

The pro’s only exist for the banks and the “Elite” The Bilderberg Group.

The con’s, whoa boy where to begin.. Its has gotten to the point now that all money in circulation and electronic is pure debt. If everyone in the US were to pay off all debts (including government) there wouldn’t be a dollar in circulation. The more money that is printed out of thin air by the federal reserve the more inflation there will be. This had led us into a global recession and if borrowing continues at the current rate it will lead us into a depression. Which in turn could lead to a world war. Google great depression. It lasted from 1929-1939. WW2 was declared in 1939. Don’t take my word for these facts. Check them. Research it yourself.

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