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Name one person who can save united state from trillion dollar dept?
11 Answers
- Anonymous1 decade ago
It's too late. United States already has a national 'debt' in the trillion dollars.
And Im guessing noone can mitigate it because living in acquisitiveness is such orthodox in people nowadays that it seems nothing can stop the increase of this national debt.
- ram456456Lv 51 decade ago
Chinese hold the bills ask them, but Americans like DVD players, and cheap MP3 goodies. Debt markets will do thier thing with US dollars, and hope the dollar becomes worthless than we can export goods, and reduce the insane comsumption of useless electronics that give marginal joy after fiddling with it for 20 mintues. Also, a cheaper dollars provides jobs to export goodies???
- 4 years ago
China and the U. S. knows that if we get right into a combat it extremely is going to be entire annihilation of the two international locations,,hence they gained't start up a conflict. in the event that they call the debt due ,the government surely dont very own something. what is going to they do ,placed a commerce embargo in result,,,without our commerce what might their financial equipment do,,,they're going to proceed to swap funds and merchandise and sometime it is going to stability,,in keeping with danger while the bombs bypass off Japan isn't a concern
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- Anonymous1 decade ago
Hu Jintao
- Anonymous1 decade ago
Hiliary can, she will raise taxes, cut military spending, close more military bases and then use the money for "Hiliary care" and increase welfare benefits righting the wrong Bill did when he cut welfare and made people work to get their welfare. Of course raising taxes will slow the economy, slowing job growth, lowering taxes collected and thereby raising the defecit again. Then, with luck, we elect someone who will lower taxes, increase military spending, cut welfare benefits and spending, increase job growth and tax revenue, lower the defecit until we vote another Hiliary in again.
- Anonymous1 decade ago
Shrek or Donkey
- SESHADRI KLv 61 decade ago
I will do it in my dreams but now not for G W B !!!
American Federal Reserve can!!