U.S. could be facing debt 'time bomb' this year

sweeps · #1 (**permalink**) 01-03-2009, 06:46 AM

Investors' thirst for American securities could finally be quenched

MSNBC article

poundwise · #2 (**permalink**) 01-03-2009, 06:58 AM

You say that like it is a bad thing.

sweeps · #3 (**permalink**) 01-03-2009, 11:05 AM

The world no longer considering us worthy of repaying our debts? Yeah, that's a bad thing.

poundwise · #4 (**permalink**) 01-03-2009, 11:17 AM

Quote:

Originally Posted by sweeps

The world no longer considering us worthy of repaying our debts? Yeah, that's a bad thing.

Yeah, that is bad. The fact that our ability to repay is in question? Well, you can't fault them for that.

I think we look bad and I hate how we are such a debtor nation. However, perhaps all of this current turmoil is just what we need to instill some fiscal responsibility and right the ship.

(Hey, I thought you were the optimist.)

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)