What is gonna happen when the United States is no longer worth lending money?

We stiff them all become isolationists and charge them $1000 for a loaf of bread.

Not much that should affect you. He better cut the spending or the Economic Doom later on down the road will make the last Recession/Depression(has it even ended?) we had look like a day in the park... What will happen then is they will send out the Social Security checks and service the debt (they still bring in money and Social Security, at this time, pays for itself out of our checks). They won't be able to do much of anything else though. Arguably a good thing. If you ignore the overpaid Government workers not getting checks. Though the military may not receive checks and that is not good of course. What will happen is our lives as citizens will continue, the sky won't fall and the idiots in the Senate will have to pass a House bill sooner or later which Obama will sign. Otherwise they won't be doing anything, let alone spending which Obama is addicted to. We can look to Michigan as the example. Michigan's world did not explode when their state Government shutdown. A Federal Government shutdown will be much the same on a larger scale. Stress? Nope, grab some popcorn and pull up a chair. Be sure to keep the pitchfork and torch handy in case they opt to continue the idiocy of unsustainable deficit spending.

You have to understand that the USA is not a manufacturing country anymore because LABOR is a commodity like steel, brass, or aluminum and is purchasable on the world market at the lowest price.

I have owned two manufacturing business in the US in my lifetime that employed each over 70 people.

What I noted is that each and every new law, protecting the worker, giving more sick leave pay, giving more time off for childbirth by women, and each and every new idea comming forth has DECREASED the manufacturing in this country. Those things add to Labor costs and we become less and less competitive.

I wouldnt invest another dime in USA manufacturing. The workers arent worth a plug nicket, they are lazy and carefree. The laws are so complex and stringent and costly that I dont think I can make a dime investing in the USA. We as a nation cannot compete dollar wise with labor on the world market. Simple as that.

I noted you took great patience and time in crafting your article. Why dont you take some of your own money and invest it in USA manufacturing and use your skills and energy and show us just how its done.

I think a few bucks lost by yourself and you'd sure keep quite about publishing meaningless data and quotes for the 2004 Economic Index.

I will offer to match you in total dollars you invest of your own money and let you have full management authority. Please do take my challenge.

True, but remember we have been the largest exporting and importing nation with an opportunity to change that.

Currently, we borrow based on direct investment into this country. If those countries decide to pull those direct investments, supply and demand will begin to work (though I worry about the velocity). China is pegged to the US dollar, so that can't happen.

Currently, the rest of the world is beginning to feel the effect of a lower US dollar in turn lower prices for US products. We are actually returning to how the US economy used to run when there was World Trade.

Remember, world trade brings fast changes to economic and military power. Based upon history, we will see a lot of power struggles and a lot more wars.

That is why you want your goods cheaper, it is better for countries to buy your goods, than to buy theirs.

I thought you were a republican, this is a very good argument against reaganomics, aka "borrow and spend" economics.

We've just funded everything with loans from foreign lenders, and we borrow money to pay off those loans, and then again, etc, paying interest all the way. It's how we've funded our tax cuts, and is a good argument for more taxation and/or decreased spending, however you wanna look at it.

This stuff has been dominating the political system for 28 years and we're beginning to see the repercussions now.

Golly, you must be right since some "economic experts" called Anarchist and 'very smart poster' said so.

Looks like it's just about time for the United States of America to stand up on its hind legs and do *whatever it takes* to collect the billions-of-trillions of dollars in debt the world has owed it forever.

"Level 7 WE OWE the SAUDI GOV> over 300 BILLION!"

HORSE HOCKEY! We don't owe them squat after American oil companies poured billions into Saudi Arabia to find their oil then construct the equipment to get it out of the ground and to ports. After that was done, the Saudis nationalized everything...read "took over"...and left America holding an empty bag.

Our debt would decrease, and we can also stop overseas spending, and give less taxation here at home.

Saudi Arabia will buy us and use us for there toilet....dumping ground

You need to get your information in other places. Where is Wall Street and Silicon Valley located. Enough said.

you ve made me sad