Is the United States about to go broke?
by 
keithold thanks all baggers
ANSWERS: 16
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We've been broke for a long time.
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I don't think so... The influence (specially scientific and military) that they have around the world worths sooo much, that much countries would assist the US so that it doesn;t happen.. at least for another 100 years..
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The US is already broke. Americans have been spending more than what is taken in taxes, licenses, fees, etc. for years. Americans have been paying debt by borrowing and lending money by printing more dollars. The world is being flooded with a lot of dollars. Inflation is coming.
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It's already broke and the people there are now trying to fix it. (pun intended, sorry)
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I try to stay optomistic in the belief that it has been broken for a hundred years almost, but is in the process of repairing itself to be fair.
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The US is broke,and has been for decades.When a country owes more than it is worth on paper,it is broke.
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"In 2007, the public debt was 36.8% of GDP, with a total debt of 65.5% of GDP." . Source: http://en.wikipedia.org/wiki/United_States_public_debt . If my debts amounted to 65.5% of my wages, I'd consider myself pretty broke.
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We've gone where no man has gone before.... The US has been broke for a long time actually... China Owns most of the Debt, don't know what happens if they call in their debt...
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We've been broke for quite some time now. The question is when are those countries who are extending us credit going to shut it off and call in their debts?
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Jeez, I hope not. My home state (New Jersey) is broke. 8 years of W. what an asshole.
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The USA has been broke and without money since President Woodrow Wilson signed the Federal Reserve Act in 1914. Since that time the USA have borrowed currency from the Federal Reserve. The Fed is NOT federal and is NOT a reserve but is wholey owned by 12 major banks. Wilson signed the act to repay promises made to him by the banking cartel of the time and today. The act was sneeked through congress during Christmas break 1913. The only time since that time the USA has had its own currency was a short time during the Kennedy administration. Kennedy tried to do away with the Fed.; one of the major reasons he was killed. Johnson quickly recalled and withdrew the American Union Notes as he wanted the Fed. inplace. The following site will explain what I have said better and is just one site if you care to do the research and find the other places of information. http://www.lovethetruth.com/federal_reserve.htm
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The US is already broke.
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Yes we are! The only thing that is keeping us from going bankrupt is other countries buying our bonds. I predict that if this defunct congress and administration passes the 9 trillion dollar health care bill, no countries will buy anymore bonds.
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In terms of net of debts vs assets, it's broke already. Fortunately when you own the printing presses, you can keep printing as much cash as you like, so it will never run out of money per se, but it might not be worth much.
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Blasphemer!
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Feb 2009 Treasury Report US Foreign debt is 1,3 Trillions. I don't count domestic debt yet. Last year my Boss only got 2 to 3 clients a day who filed for bankruptcy. This year 10 to 15 clients a day, and they are irrisponsible people who earn 30,000 anually with more than 8 credit cards. They want to run away from hundreds of thousand debt.
HoboJoe 
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