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06-02-2009, 11:13 AM
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Junior Member
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Join Date: Jun 2009
Reputation: 10
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We the USA omes $765B to china
we the USA  we owe $765 billion to China. And our president has not stop spending. This bubble is got to pop. How will we ever get out of this mess?? I was watching the financial CNBC this morning with an interview with the president of Russia and all this was discuss. Our stock market maybe going up, just like the housing market until it crash. I can't see how we can as a country get out of this mess. The stock market takes a lot into consideration and goes up. But when the real picture (first of the year) catches up and reality sets in and it has to $765B we owe. It has to be paid some how. Does anyone have an answer for this or am I over acting? |
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06-02-2009, 11:46 AM
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Member
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Join Date: Dec 2008
Location: Southern California
26 posts, read 9,236 times
Reputation: 17
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Quote:
Originally Posted by elux
we the USA we owe $765 billion to China. And our president has not stop spending. This bubble is got to pop. How will we ever get out of this mess?? I was watching the financial CNBC this morning with an interview with the president of Russia and all this was discuss. Our stock market maybe going up, just like the housing market until it crash. I can't see how we can as a country get out of this mess. The stock market takes a lot into consideration and goes up. But when the real picture (first of the year) catches up and reality sets in and it has to $765B we owe. It has to be paid some how. Does anyone have an answer for this or am I over acting? |
I'm thinking a world war after we tell China we can't pay them ! |
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06-02-2009, 10:46 PM
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Senior Member
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Join Date: Feb 2009
300 posts, read 123,499 times
Reputation: 230
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nah, China will just take over our Country.
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06-04-2009, 11:37 AM
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Senior Member
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Join Date: Jul 2007
Location: Marion, IA
1,317 posts, read 648,655 times
Reputation: 433
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Dont worry. Obamma or Geitner will come up with some slick rhetoric for them...
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06-04-2009, 11:41 AM
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Country Girl
Status:
"Merry Christmas Everybody"
(set 16 hours ago)
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Join Date: Jun 2007
Location: Metrolina
6,658 posts, read 3,032,953 times
Reputation: 9357
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Quote:
Originally Posted by elux
we the USA we owe $765 billion to China. And our president has not stop spending. This bubble is got to pop. How will we ever get out of this mess?? I was watching the financial CNBC this morning with an interview with the president of Russia and all this was discuss. Our stock market maybe going up, just like the housing market until it crash. I can't see how we can as a country get out of this mess. The stock market takes a lot into consideration and goes up. But when the real picture (first of the year) catches up and reality sets in and it has to $765B we owe. It has to be paid some how. Does anyone have an answer for this or am I over acting? |
I don't think there is an over acting to news like this!@#$%^&*()_ |
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06-04-2009, 02:20 PM
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Competition breeds winners
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Join Date: Sep 2007
16,050 posts, read 5,435,195 times
Reputation: 1634
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Where did the $765B figure come from? I think we owe them around $2 Trillion.. not $765B
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06-04-2009, 11:44 PM
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Junior Member
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Join Date: Jun 2009
Reputation: 10
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I just don't see how we can create jobs built our ecomney up, the stock market keeps going up and we have this debt. I read in the Wash. Post today the Benecke said there has to be a plan to stop this spending. Money must stop being printed or inflation when it comes will be non stop.I just don't think the average person gives it to much thought. The housing market is very far from recovering. I own a mortgage company for 12 yrs and closed it down the end of 2007. I saw what was coming but what could I do.
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06-05-2009, 12:34 AM
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Senior Member
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Join Date: Mar 2008
Location: Southwest Nebraska
571 posts, read 285,879 times
Reputation: 230
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Quote:
Originally Posted by elux
we the USA we owe $765 billion to China. And our president has not stop spending. This bubble is got to pop. How will we ever get out of this mess?? I was watching the financial CNBC this morning with an interview with the president of Russia and all this was discuss. Our stock market maybe going up, just like the housing market until it crash. I can't see how we can as a country get out of this mess. The stock market takes a lot into consideration and goes up. But when the real picture (first of the year) catches up and reality sets in and it has to $765B we owe. It has to be paid some how. Does anyone have an answer for this or am I over acting? |
Everything will be just fine. CHANGE is what the majority wanted and that is what is happening. Awwwh, I always feel like someone is hugging me now that the "O" is in charge. Dang glad that thar Texan ain't runnin thangs now. |
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06-05-2009, 12:58 AM
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Senior Member
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Join Date: Dec 2007
13,868 posts, read 5,966,301 times
Reputation: 2513
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Besides which the april revenues to government fell well below adminsitrtion predictions and it was released that SS will go bankrupt two years sooner because of its lowered revenues because of the recession so far. Unemplooyment is also expect to increase to double digits by august.
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