Originally posted by hanako

Hmmm our news is all full of this american debt thing and stuffs and i don't understand why it has a big impact on us here... i am wondering if someone can explain it to me... as this is a thread that has nothing to do with pb imma hoping it can not turn into a pb hate fest... i genuinely wanna understand this and figure someone out there can explain it....

The US wont default, I can pretty much guarantee that but we will most likely have our bonds downgraded, which will have the most effect on the world. Interest rates in the country will substantially rise, making borrowing more costly. The financial markets will also be hurt, which has negative effects on peoples retirements and the overall public sentiment. The list could go on and on but those are probably the main effects.

Originally posted by hanako

So how does a country end up in so much debt... and that was an excellent explanation by the way thank you

Just my view but I think a country ends up in so much debt by:

1. Shovelling government money at the rich and multi-natiional corporations under the mad delusion that this helps anyone except the rich and multi-national companies.

2. Making the condition of the poor and of ethnic communities so desperately bad that a very large percentage must rely on government assistance or wind up in the penal system and usually both.

3. Operating wars and military bases all over the world with expensive technology.

Originally posted by pimpinwalstreet

Originally posted by hanako

Hmmm our news is all full of this american debt thing and stuffs and i don't understand why it has a big impact on us here... i am wondering if someone can explain it to me... as this is a thread that has nothing to do with pb imma hoping it can not turn into a pb hate fest... i genuinely wanna understand this and figure someone out there can explain it....

The US wont default, I can pretty much guarantee that but we will most likely have our bonds downgraded, which will have the most effect on the world. Interest rates in the country will substantially rise, making borrowing more costly. The financial markets will also be hurt, which has negative effects on peoples retirements and the overall public sentiment. The list could go on and on but those are probably the main effects.

agree wholeheartedly. won't happen but a lot of damage has been done by the gov't's inability to meet in the middle on a deal that truly helps America/the world

Originally posted by Caissa

Originally posted by hanako

So how does a country end up in so much debt... and that was an excellent explanation by the way thank you

Absolutely correct, but i am honestly surprised to see nobody try to pin the failure of the US economy on greedy PB assholes, and the overinflated amenity marketplace.

+200

Originally posted by JCsucks

Originally posted by pimpinwalstreet

Originally posted by hanako

Hmmm our news is all full of this american debt thing and stuffs and i don't understand why it has a big impact on us here... i am wondering if someone can explain it to me... as this is a thread that has nothing to do with pb imma hoping it can not turn into a pb hate fest... i genuinely wanna understand this and figure someone out there can explain it....

The US wont default, I can pretty much guarantee that but we will most likely have our bonds downgraded, which will have the most effect on the world. Interest rates in the country will substantially rise, making borrowing more costly. The financial markets will also be hurt, which has negative effects on peoples retirements and the overall public sentiment. The list could go on and on but those are probably the main effects.

agree wholeheartedly. won't happen but a lot of damage has been done by the gov't's inability to meet in the middle on a deal that truly helps America/the world

no kidding, this is one of the more important issues of the country, and now all the sudden they act as if it is a big deal when it has always been. And then to top it off the cannot come to any agreement which will screw us all in the end. Very disappointing to see actions like this from our "career" (LOL) politicians in Washington

you jesse ventura conspiracy theorists always have nice stories but limited actual remedies.

it's easy to bitch...hard part is actually doing something about it all.

you love a good tall tale...dont lie...fucker.