ok our national debt is about 1 to 1 of our gnp
this is not a impossible amount to pay off, the problem we have is the goverment is to large waste too much money and never find real solutions to fix the problem
there are soulutions that could solve this in a relativly small amount of time depending on your concept of time (20-40 years)
tax chinas imports! first step
stop giving countries that hate us money step 2
reduce the size of the goverment and eleminate all waste step 3
stop devaluing our currency step 4
get rid of the current tax system and install a general tax when you purchase things (then everyone will be paying there share!) step 5
then ACTUALLY start paying off the debt and not just making the intrest payments! step 6
Originally posted by Cryptic
Yeah we're pretty much ****ed.
China owns our ass.
China has just fragged the USA with National Debt. :lol:
china does not own us they account for about 1 trillion(prolly close to 2 now though) of our debt
and any of you old enough (not many) may remeber a man named Ross Pero, he predicted all of this about 15 yrs ago (give or take a few years i was a kid then) he was running for president and tried to inform the american public of what was going on but no one listened