USA ran out of (other peoples) money yesterday

[Santa_Claus]

Chinese Credit Card maxed out......

http://www.usatoday.com/money/economy/2 ... ions_n.htm

A trillion here, a trillion there - pretty soon it adds up to serious money

My solution is that the USA gets a proper job and stops living on handouts from China......either that or consolidate the debts into one easy monthly payment

[Atheist-Lite]

This is what happens when a responisble colony of The British Empire goes it alone. Runs out of cash and then gets into drug dealing,fighting and worse.

[Pappa]

This is what happens when a responisble colony of The British Empire goes it alone. Runs out of cash and then gets into drug dealing,fighting and worse.

[Gawd]

The Congressional Budget Office projects that this year's deficit will total $1.4 trillion. That's would nearly match 2009's record imbalance and mark the third straight year in which the federal deficit has exceeded $1 trillion.

Americans, still think you are not in trouble? You know the first stage of a deadbeat is denial, right?

[Atheist-Lite]

The Congressional Budget Office projects that this year's deficit will total $1.4 trillion. That's would nearly match 2009's record imbalance and mark the third straight year in which the federal deficit has exceeded $1 trillion.

Americans, still think you are not in trouble? You know the first stage of a deadbeat is denial, right?

I've no experience of the middle eastern mindset but I'll take your word for that.

[Ian]

Overlooked key statistic: unlike most of the Euro countries recently bailed out, less than 1/3 of US public debt is held in the hands of other countries.

With public debt as a percentage of its GDP, the US was ranked 34th worst in 2010, doing better than the likes of Germany, France, the UK and Brazil. And doing worse than plenty of economic warhorses, including the the likes of Pakistan, Cuba, Nigeria and Yemen. The country with less debt than anyone in 2010, doing better than everyone else on that list: Libya.

[Atheist-Lite]

Overlooked key statistic: unlike most of the Euro countries recently bailed out, less than 1/3 of US public debt is held in the hands of other countries.

With public debt as a percentage of its GDP, the US was ranked 34th in 2010, doing better than the likes of Germany, France, the UK and Brazil. And doing worse than plenty of economic warhorses, including the the likes of Pakistan, Cuba, Nigeria and Yemen. The country doing better than everyone else on that list in 2010: Libya.

[Santa_Claus]

Fed to issue new currency from Aug 2011........

........Obama Banana Dollars

[Atheist-Lite]

Fed to issue new currency from Aug 2011........

........Obama Banana Dollars

I'd like a smillie with a wheelbarrow of money NOW !!! It'll be no good on the day when hyper-inflation breaks out will it?

[Dries van Tonder]

After serious consideration of the whole issue, including other factors such as backward thinking regarding evolution, I can only conclude that America is going the route of ancient Rome.

[Atheist-Lite]

After serious consideration of the whole issue, including other factors such as backward thinking regarding evolution, I can only conclude that America is going the route of ancient Rome.

...only faster, much faster.

[Dries van Tonder]

After serious consideration of the whole issue, including other factors such as backward thinking regarding evolution, I can only conclude that America is going the route of ancient Rome.

...only faster, much faster.

My thoughts exactly. And I must say, the impression I'm getting is that the rest of the world does not have much sympathy for the USA

[devogue]

After serious consideration of the whole issue, including other factors such as backward thinking regarding evolution, I can only conclude that America is going the route of ancient Rome.

Yay! Crucifixions!

[Atheist-Lite]

After serious consideration of the whole issue, including other factors such as backward thinking regarding evolution, I can only conclude that America is going the route of ancient Rome.

Yay! Crucifixions!

They'll probably take off once the economy tanks big time over there. Desperate people will do anything to appease their angry God?

[pErvinalia]

Overlooked key statistic: unlike most of the Euro countries recently bailed out, less than 1/3 of US public debt is held in the hands of other countries.

I'm trying to think where the other 2/3 of the debt is held. Is it in pension funds and the like?