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  #21 (permalink)  
Old 08-08-2006, 10:43 PM
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Adu Adu is offline
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Default Re: Is the US going bankrupt?

Quote:
Originally Posted by goober
I do think the Euro will replace the dollar, unless we get another Clinton.
Yeah, because a United Europe is a larger marketplace. Not change in the political tide will erase that fact.
  #22 (permalink)  
Old 08-09-2006, 06:31 AM
Marcus1124 Marcus1124 is offline
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Default Re: Is the US going bankrupt?

All of this is very nice, but it tap dances around the fact that the real fiscal and economic crisis is the absurd levels of spending currently promised under the law to future recipients of the entitlement programs. In 30 years every penny of taxes collected will be need JUST to fund the entitlements, leaving NO money for anything else. Thank you SOOOO much FDR and LBJ!
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  #23 (permalink)  
Old 08-10-2006, 09:01 PM
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doniston doniston is offline
me now,
 
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Default Re: Is the US going bankrupt?

As to the thread title question. No, i don't beleive the rest of the G8 would allow the US to go bankrupt. they will prop us up but in doing so jeopardise the whole Economic system of the world, and will preface a huge worldwide depression. and which, in turn, will change our whole financial system. It is then that the whole country will face individual bankruptcies the likes of which this country has never know. THE HANDWRITING IS ON THE WALL
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