Debt Questions And Answers

sklemetti asked: In other words, why do people say that our kids will pay for the debt? Pay whom?

minoah asked: When someone buys a toyota for example ,how does that put us in a position to have debt to japan.Is it because of countries who lent the US money by buying government bonds?Please clarify.
I know it is when we buy more imports than exports in value. But that is still unclear.Specifically,why does it [...]

bdozen13 asked: Bush took office 9 years ago with a financial surplus left by Clinton. In the eight years Bush was president our national debt went up almost three times what is was when he took office. The Obama administration is now showing the greatest national debt in our history. That debt includes a great [...]

Edgar asked: The last 3 Republican Presidents have run up our national debt outrageously. They are Ronald Reagan, George Bush and George Bush Jr. Now Obama inherited an 8 year Republican made debt and the Republicans are criticizing Obama for debt. Can anyone take this seriously? If so, how do you do [...]

Justin asked: I am curious as to what final leg(s) we are left standing on? Obviously our economy can be roughly translated as “debt”. As our ability to borrow dwindles, so goes our economy.
Obviously our economy was way overheated in the late 90’s. So now we are contracting; I saw an article comparing Japan of [...]

AreilAniCHUCK asked: If everyone donated a dollar ot the national debt that we have to every country out there, wouldit help us become less ddependenton the other countries for our ccrisis’s Also so that since a lot of countries have paid our debts wouldn’t that make them own us if we [...]

Abel M asked: How do the frequent media reports about national debt, corporate earnings, and unemployment levels affect consumer confidence?

nimhelm asked: I heard that national debt is around $9 trillion and that bugdet defecit is around in the billions. So what is what?

interdependent globalized world asked: How does the debt system work, what happens when the other countries buy our debt, can they sell our debt to other countries, can they force us to pay our debts at any given time, please explain how the national debt system works?
Thanks, I need lots of details and really want [...]

just me asked: You see, McCain seems to think that the oil would pay off the Military debt. Well, It hasn’t even though we are paying more for gas?
So since you want low taxes should we BORROW OUR WAY OUT OF DEBT?
400 billion dollars for Freddie & Fannie Mae. But you don’t want [...]