PDA

View Full Version : US national debt hits $16 trillion



cardmasters
09-05-2012, 10:21 PM
http://news.yahoo.com/us-national-debt-hits-16-trillion-republicans-blast-031301848.html?_esi=1

What's gonna happen to America if we are in 20-30 trillion dollars in debt?

JustAlex
09-05-2012, 10:41 PM
What's gonna happen to America if we are in 20-30 trillion dollars in debt?
Um, the same that's happening now....

Seriously, how much difference can it make?

shrewsbury
09-05-2012, 10:58 PM
dollar falls, less jobs, higher taxes with less people paying them, to name a few

Wickabee
09-05-2012, 11:05 PM
dollar falls, less jobs, higher taxes with less people paying them, to name a few

Don't look now, but you're halfway there already.

shrewsbury
09-05-2012, 11:49 PM
i have been on a slow ride for a while now.

duwal
09-06-2012, 04:20 AM
Um, the same that's happening now....

Seriously, how much difference can it make?


none really, most of us have been alive to say that the U.S. has been in debt for longer than we have been alive. And has America and its increasing debt dramatically affected anyone's lives on here???? hmmm????

shrewsbury
09-06-2012, 09:41 AM
http://money.usnews.com/money/personal-finance/articles/2011/03/31/how-the-national-debt-affects-you

pghin08
09-06-2012, 09:59 AM
none really, most of us have been alive to say that the U.S. has been in debt for longer than we have been alive. And has America and its increasing debt dramatically affected anyone's lives on here???? hmmm????

With the exception of (I think) 1835, the US has carried a "national debt" every year of its existence. Though I must admit, the unfunded pension liabilities, rising cost of medicare and the boomers starting to suck out SS, SSDI and everything else, I'm worried.