Comments on: Is America Going Broke?

By: Michael Creel

Michael Creel — Tue, 18 Nov 2008 04:04:09 +0000

I don’t believe the country will sink, not by a long shot. I certainly wouldn’t feel it was a “ha ha” situation if it did.

If the US sank, others countries would soon follow; as many are already struggling to survive this meltdown.

America is not an island that can sink into the sea as the fabled Atlantis. I think we merely got a little to confident, much to careless, and trusted to many educated people in high postitions to take care of business.

I’m quite sure during the Great Depression some felt we would never bounce back, and that wasn’t exactly accurate. So we’re not quite like the Titanic, as its yet to rise.

By: john

john — Mon, 17 Nov 2008 20:22:33 +0000

just like the roman and babylonian empires disappeared. so is this country. UNSINKABLE. yeah right. so wheres the titanic now? underwater. haha. to give opportunities to others to become huge and great nations.

By: Jennifer Shamoo

Jennifer Shamoo — Sat, 13 Sep 2008 18:13:30 +0000

We are a defiantly in some trouble times. The Real Estate Market is in serious turmoil. However, if you don’t currently own anything, this would be the time to purchase. This is truly a buyer’s market with Interest Rates at a low and housing prices falling. BUY! BUY! BUY! this is what I tell all of my clients.

by the way great article, very good information.

By: Michael Creel

Michael Creel — Fri, 04 Apr 2008 22:49:44 +0000

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

Friday Feed Bag — Fri, 04 Apr 2008 22:33:38 +0000

[...] 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

Jack — Mon, 31 Mar 2008 09:18:26 +0000

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

Eric Conrad — Fri, 28 Mar 2008 22:14:35 +0000

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.