Our Trillion Dollar Deficits?

Right now, most of the deficit is in large part the war in Iraq and shortfalls because of the recession. If you eliminate both of those, the deficit will disappear.

The issue here is not our deficit or debt - It's our inability to pay off our debt/deficit.

The reason China and Japan, and even Mexico vouched to take our debt is because the U.S.A. has had a long reputation of being blue chip investment nation (reliable, stable, LOW-RISK country). China, Japan, etc. knew that through investing in America, they would financially profit – this ties into Treasury (T)-Bills.

They were right

China, in particular, has expanded wondrously (mostly) because they invested in our debt believing that we could and would pay it off (i.e. interest)...Now we are in a position where we simply cannot pay off our debt...and while in this horrid position foreign nations will no longer loan us money or vouch for our debt/deficit so openly anymore.

To directly answer your question: The only way we are going to get the necessary money is to prove to the world that we can and will be able to pay off our debt-re-solidify our status as a blue chip, credible nation. Once this is done, it won't be such a risk for foreign nations to invest in us.

The first step we must take to prove our credibility is (1) the remedy of the current financial crisis, (2) possibly reduce spending in Iraq, and (3) begin giving corporations incentives to stay in America (and stop outsourcing) so that the U.S.A. can export more than it imports (and, as a result, obtain a trade surplus)

Ah, let me think for a moment? Could be me and you the rest of the hard working taxpayers our children and their children and their children's children. Were do you think Democratics get the money to spend on their stupid programs for those who don't work. But just remember on think........ Democratics in positions of power don't pay taxes. Its only for the rest of us!

They could up the tax percentage on the alcohol that we're all going to need to take our minds off our massive indebtedness.....

scott good point Japan and China are not going to loaning us money much longer so you can bet higher taxes

I think his name is Ben Dover.

We should continue to borrow money until there is no more money to borrow.

From our communist buddies in China.......who undermine everything we do at the UN. Thanks guys we will see you in 30 years with a big fat check.