Start A Petition

The National Debt of the USA

US Politics & Gov't  (tags: national, debt, us, usa, unitedstates, america, deficit )

- 3948 days ago -
Before it is too late, please contact U.S. politicians to demand immediate fiscal responsibility through a balanced budget and a gradual decrease in the National Debt.


We hate spam. We do not sell or share the email addresses you provide.


Past Member (0)
Friday September 26, 2008, 5:28 am

Noted, especially the following:

"I think we are only kidding ourselves if we believe that Americans donít have to pay off this debt. Approximately half of this debt is owed to foreign governments and banks, and they will want their money back. The other half of this debt is "publicly held." In other words, this money is owed to the U.S. from the U.S. through the process of putting more money into circulation.

The financial impact of just having this debt is huge. First, printing more money will cause inflation, quite possibly a very high inflation rate for a very long period of time. Second, the economy will most likely stall and cause a long and protracted recession or depression, even with a bailout. Third, funding for certain programs will eventually cease, if the U.S. can no longer borrow more money. Just see Social Security and Medicare for examples."

Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story

Loading Noted By...Please Wait


butterfly credits on the news network

  • credits for vetting a newly submitted story
  • credits for vetting any other story
  • credits for leaving a comment
learn more

Most Active Today in US Politics & Gov't

Content and comments expressed here are the opinions of Care2 users and not necessarily that of or its affiliates.

New to Care2? Start Here.