Re: You Know...Something Just Occurred To Me...

Group: rec.sport.pro-wrestling Date: Tue, Sep 23, 2008, 11:01am (EDT-3)
From: wanyikuli@xxxxxxxxx
On Sep 23, 1:16 pm, metalhead...@xxxxxxxxx (Jason Gaylor) wrote:
Group: rec.sport.pro-wrestling Date: Tue, Sep 23, 2008, 9:47am (EDT-3)
From: wanyik...@xxxxxxxxx
On Sep 23, 12:21 pm, Lazarusburningin Hell <dsfhd...@xxxxxxxxxxxxxxxx>
wrote:
If we hadn't spent $500b in Iraq so that Bush 43 could solve his Daddy
Issues, we would have that cash available to us now! Jason "Wow!" Todd
---                                  
                     We haven't spent that yet.
That's why our national debt is so high. Wait until China comes to
collect on their loans. ---                      
                         Disclaimer: I'm not
an Economist, so excuse the naivety of the post. In theory, it's bad
news. In reality, if the USA contiues to run a very high deficit, in
real practical terms how does that matter for you and me? Also what if
payments keep getting deferred...i.e. China can't *make* the US pay, can
it? Also, how is it that China/Chinese companies are giving loans to the
US? Usuallywhen one thinks loans, they think "developed" countries
bailing out low-income economies.           ---
Out of all the foreign countries we owe money too....China is probably
at the top of the list. If our government is gonna borrow money for
whatever reasons...they should be able to pay it back eventually. As an
example... If your brother got a loan from you, wouldn't you eventually
want that money back at some point and shouldn't your brother feel
guilty after awhile and want to pay you back anyway? This doesn't take
much thinking, man. Jason
--- In theory
yes.....but what if my brother keeps saying, I'll get you later. My bad
I don't have it. Let me borrow some more, I'll pay it back with
interest, but it'll be later.
I see what you're saying, and like I said in my post (mind you I'm not
an economy expert) in *theory* it spells trouble. What I was getting at
was in real terms, and in practice, what will a spiralling debt do the
the quality of your life and my life? And also wether China/ Chinese
firms can *make* the US pay up. ---
Well, if it get's too high which it already is..we might have to pay
even higher taxes and you should just be worried by the fact that the
government let the national debt get as high as it is. Jason

.

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