It had to happen sooner or later. There's never been a debt that was greater. The deficit bubble is bursting now. They cannot avoid it, no way, no how. They must either slash spending across the board, And cut down the budget to what they can afford. Or else print more dollars but knowing full well that the currency's value will fall down the well. Whichever they do, the result is the same. It's the end of the US hegemony game.
RayfromUSA: It had to happen sooner or later. There's never been a debt that was greater. The deficit bubble is bursting now. They cannot avoid it, no way, no how. They must either slash spending across the board, And cut down the budget to what they can afford. Or else print more dollars but knowing full well that the currency's value will fall down the well. Whichever they do, the result is the same. It's the end of the US hegemony game.
I just read about it in paper that Washington DC is having problems on health care bill.
felixis99: yes that's the reason for the shut down because congress could not agree on budget language regarding tampering with the President's "pet project"
honestly the shut down haaaasn't really affect anyone that I can see makes me wonder if we really need half of what the gubberment does..lol
I can see in news that Obama has cancelled the tour of Indonessia and Bronai.Is it a serious matter.
Jack68: I can see in news that Obama has cancelled the tour of Indonessia and Bronai.Is it a serious matter.
yes it is a serious matter. INdonesia is the head of the trade organization in the south china sea this year, I believe, and there has been muslm insurgency there, but we are at the point financially where we have to take care of our own first, jack
Report threads that break rules, are offensive, or contain fighting. Staff may not be aware of the forum abuse, and cannot do anything about it unless you tell us about it. click to report forum abuse »
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).