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I have the solution to our national debt problem. What do you think?
Create an incident with China, then slap them with a trade embargo like Cuba, and refuse to repay our debt. Well? What do you think?
13 Answers
- Anonymous1 decade agoFavorite Answer
I'm liking the trade embargo.
That means Wal-mart will have to go back to selling Made in USA items.
Most people don't realize, our trade deficit is adding ONE TRILLION DOLLARS to our debt every year.
We export one trillion dollars of goods, but we import two trillion dollars of goods. That's $2 trillion going out but only $1 trillion going in.
That spells DEBT. Cutting off trade with China will slow down the increase of our debt.
- Anonymous1 decade ago
Sound like A Dem idea a better one may be stop the spending roll back the whole government to 2000 spending. Freeze all government salary's for 3 years .That is a start.
- Anonymous1 decade ago
No...that is silly. CHINA owns us and we borrow 1 billion dollars a day. IN the last month they with Russia and other countries tried to tank our dollar and other countries bailed us out. IF they had succeeded we would have had a worst depression than the one in the 1900's.
If our dollar tanks and it goes to EURO money...we lose 93 percent of what we have.
To stop walmart at this point would be even sillier. IT is one of the biggest employments in the country..like it or not...people have food on their tables because of them. You cannot do away with that with double digit unemployment rates.
Better to cut politicians benefits and raises and cut back on THEIR PAY and that would start
It is time to pay our debt...not run out on it. It is because we ran out on debts and housing that caused our problems in the first place. IT is time to be responsible and honest and do the right thing.
For all dems that think we are dishonest and cheat..and are globalists and think the world hates us because of military...this is something else they are worried about too. THEY HAVE VOICED IT and said our bozo is stupid for this and have all asked him to STOP before we destroy ourselves. HE DOES NOT LISTEN. It is this type of thinking that shows it is republicans that show they should be responsible and hold up our heads in paying off what we borrowed.....!
There is no honor in dishonesty...
Since Obama has become our President, the rest of the World has said and done these things:
1. China is quickly getting rid of all their American currency because they believe Obama will bankrupt america and they don't wanna be holding alot of worthless paper.
2. COMMUNIST AND SOCIALIST nations are warning the United States about over-spending.
3. FRANCE is begging the Obama Administration to STOP THE RADICAL, OVER-SPENDING. A French newspaper writes:
"Why are the american people sitting idly by and allowing this President to spend them into utter bankruptcy? Why are they allowing him to commit financial suicide?
4. Terror groups call us spine-less, conviction-less cowards who are not smart enough to even know when to protect our own interests.
5. Canada begs us to NOT allow socialized medicine to the USA, because they will have NO PLACE TO GO to escape their own bad healthcare reform laws. They will die.
6. ITALY AND GERMANY reports that America is doomed to become a second-world Nation and that its getting obvious that this is President Obama's intention.
I could go on, but I am about to vomit on somebody's shoe. This is very upsetting, but not for Obama because everything he is doing and allowing, is on purpose and by design.
Obama is trying to allow the COLLAPE AND BANKRUPTCY OF OUR ECONOMY. This is why he has never done anything to address people losing their jobs at a rate of one-half million people PER MONTH since January.
Source(s):
http://www.parentalrights.org/
http://www.familysecuritymatters.com/
- Anonymous1 decade ago
Better yet,just fire every Govt Employeee,close every Govt Office,and rebuild the whole thing from scratch deciding what we need or don't need as we do it.It's the only way we could ever possibly expose all the hundreds of billions in waste and fraud that have become normal parts of the system.'
RWE
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- Anonymous1 decade ago
create another vietnam? but only with a country that has worldwide support and would end up blowing america off the planet. you are a genius.
oh yeah, wasn't china the country that had the devastating earthquake, and america did nothing to help. but, russia did. this, after we borrow trillions from them. brilliant country, eh?
- hickeyLv 45 years ago
whether there are people who fairly choose nutrition stamps and welfare, another people use it only because of the fact they're too lazy to artwork. u.s. spends billions of greenbacks in this, and in the event that they weren't allowed to leech off of u.s. anymore, the funds might want for use for extra clever issues.
- Anonymous1 decade ago
So you think that telling everyone in the world that we will not repay our loans and that America is not credit worthy is a solution?
- Anonymous1 decade ago
Uproot Mexico & put it on pontoons; stamp "Paid In Full" across it and give it to China.
Solves two problems at once.
"
- 1 decade ago
This would be very shady and pretty much make other countries wary of lending to us, which, as a fiscal conservative, is fine with me. less lending means less spending.