It wasn't me. You can't prove anything.


2009-06-16

U. S. finance

The world is slowing down on lending the U. S. money. Long term U. S. debt is no longer selling in foreign markets. China, Russia and others are simply not loaning the U. S. government money at the same rate they were before. The price of the bonds drops which means less money in the U. S. wallet. If this trend continues, there are two options for raising money. Taxes, which we can't afford ourselves, and printing money which causes inflation. We are not going to be able to pay the interest on the money we owe over the next fifty years.

All it would take to fix this problem is to cut budgets, tighten belts, stop spending more than we take in. Wait a minute. The politicians are running the country. We are doomed. The U. S. is going to look like Haiti in fifty years at this rate.

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