Comments on: Is America Going Broke? http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/ Learn, Network, Invest Mon, 12 May 2008 09:07:35 +0000 http://wordpress.org/?v=2.3.3 By: Michael Creel http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55769 Michael Creel Fri, 04 Apr 2008 22:49:44 +0000 http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55769 Its going to take more than a new President and 4 years to fix this situation, but it's a start. Its going to take more than a new President and 4 years to fix this situation, but it’s a start.

]]> By: Friday Feed Bag http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55768 Friday Feed Bag Fri, 04 Apr 2008 22:33:38 +0000 http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55768 [...] I’ve been mildly whining about the National Debt for a few months now. Suddenly I’m seeing this issue all over the news lately like it’s some kind of new discovery no one has stopped to consider. Seriously, we’ve gone from 5 to 9 Trillion in the hole since Bush took office. To think Republicans bitch about tax and spend Democrats. LMAO. Anyway, Bigger (but empty) Pockets ponders Is the United States going broke? [...] […] I’ve been mildly whining about the National Debt for a few months now. Suddenly I’m seeing this issue all over the news lately like it’s some kind of new discovery no one has stopped to consider. Seriously, we’ve gone from 5 to 9 Trillion in the hole since Bush took office. To think Republicans bitch about tax and spend Democrats. LMAO. Anyway, Bigger (but empty) Pockets ponders Is the United States going broke? […]

]]> By: Jack http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55659 Jack Mon, 31 Mar 2008 09:18:26 +0000 http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55659 i think many people have the attitude 'if you don't think about it, it will go away' there is no doubt that the country is facing some tough challenges ahead. i think this election year will decide many thing for this country's future. imo, this current administration has put their own interest ahead of the country's. We need a president that will focus it's attention back on the domestic issues haunting this great nation and stop making enemies from foreign countries. i think many people have the attitude ‘if you don’t think about it, it will go away’

there is no doubt that the country is facing some tough challenges ahead. i think this election year will decide many thing for this country’s future.

imo, this current administration has put their own interest ahead of the country’s. We need a president that will focus it’s attention back on the domestic issues haunting this great nation and stop making enemies from foreign countries.

]]> By: Eric Conrad http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55622 Eric Conrad Fri, 28 Mar 2008 22:14:35 +0000 http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55622 The nice thing about debt is that it's worth less the longer you wait to repay it. Here's an example. In the 1970s, you could buy a house in Laguna Beach for $70,000. That was an expesive price back then. Today it would be worth over $1 million, easy. If you never refinanced, you'd still be paying on the $70,000 mortgage, if it's not already paid off. It's no longer a massive amount of cash. Inflation took care of it for you. So it is with the national debt. The nice thing about debt is that it’s worth less the longer you wait to repay it. Here’s an example.

In the 1970s, you could buy a house in Laguna Beach for $70,000. That was an expesive price back then. Today it would be worth over $1 million, easy. If you never refinanced, you’d still be paying on the $70,000 mortgage, if it’s not already paid off. It’s no longer a massive amount of cash. Inflation took care of it for you.

So it is with the national debt.

]]> By: Joshua Dorkin http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55601 Joshua Dorkin Thu, 27 Mar 2008 19:34:15 +0000 http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55601 lol. There is one thing to have pride in one's country. It is another thing altogether to be fooled into believing everything you hear from your President. The US is not ok, and is not in a state of good economic health. The subprime mess is just a tiny piece of the overall picture. Don't forget about the declining dollar, inflation, mounting foreign ownership of US debt, Social Security & Medicare funding crisis, etc. This mess isn't going to be repaired for a long time! lol. There is one thing to have pride in one’s country. It is another thing altogether to be fooled into believing everything you hear from your President. The US is not ok, and is not in a state of good economic health.

The subprime mess is just a tiny piece of the overall picture. Don’t forget about the declining dollar, inflation, mounting foreign ownership of US debt, Social Security & Medicare funding crisis, etc.

This mess isn’t going to be repaired for a long time!

]]> By: Michael Creel http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55598 Michael Creel Thu, 27 Mar 2008 17:49:25 +0000 http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55598 Yes, your correct. We are as the Titanic claimed, UNSINKABLE. Yes, your correct. We are as the Titanic claimed, UNSINKABLE.

]]> By: Cash Advance http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55597 Cash Advance Thu, 27 Mar 2008 17:42:37 +0000 http://www.biggerpockets.com/renewsblog/2008/03/26/is-america-going-broke/#comment-55597 America is one of the greatest nations on the planet! There's no way we'll go broke. It's just a matter of time before we pull out of this sub-prime mess and get ourselves back on track. America, the beautiful. America is one of the greatest nations on the planet! There’s no way we’ll go broke. It’s just a matter of time before we pull out of this sub-prime mess and get ourselves back on track. America, the beautiful.

]]>