Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

emp
Lv 6
emp asked in Politics & GovernmentPolitics · 10 years ago

If everyone is so concerned about the debt issues...?

why is no one buying US bonds to give our country the money it needs right now?

Remember when you point your finger you have three pointing right back on you.

8 Answers

Relevance
  • 10 years ago
    Favorite Answer

    I would actually recommend the opposite approach. Don't buy bonds. Don't loan the government more of your money. The sinplest way to affect this is to alter your 401K allocations to not purchase any funds that have US bonds as part of thier holdings. If enough people make this simple change then the next bond sale will have fewer buyers.

    Congress is only forced to live within their means when no one is willing to loan them more money by purchasing their bonds.

    I don't want this nation in debt at all. I would like it if we had a surplus.

    We are like a family who makes 100K a year, has 600K in Credit card debt, no money for retirement and spends 140K every year. Someone should stop giving us more rope to hang ourselves.

  • 10 years ago

    After 2006 and especially 2008 the Democrats had full control of the White House and Congress. They knew what the debt ceiling was since 2006 when most Democrats had objected very vocally and with their votes NOT to raise the debt ceiling. They were over ridden by Republicans and a new Debt ceiling of $14.3 trillion was set. During their time of FULL control what steps had they taken to keep the government from hitting that ceiling again? Did they even try to do something to slow spending or reduce the deficits?

    Maybe Cut, Cap, and Balance wasn't the right move. But what have the Democrats offered? Have they offered their version of Cut, Cap, and Balance? Shoot, they didn't even pass a budget for over two years!

  • 10 years ago

    What does it change?

    Buying bonds = increase the debt

    only difference is that we're buying them and not some foreign nation

    P.S.

    if you didn't notice all the debate over the debt ceiling is to NOT allow the US government to PRINT NEW BONDS...

  • ?
    Lv 7
    10 years ago

    Buying U.S. bonds when the u.s. might go under is not very smart. The only ones who can clear up this mess won't, so don't put to much trust in your government!!

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    10 years ago

    Sale of bonds has never stopped. In fact the level of sale hasn't changed much.

  • Anonymous
    10 years ago

    The base and superstructure metaphor explains that the totality of social relations regarding “the social production of their existence” i.e. civil society forms a society’s economic base, from which rises a superstructure of political and legal institutions i.e. political society.

  • Anonymous
    10 years ago

    With the liberals in charge of the bonds? I don't think so...

  • ?
    Lv 5
    10 years ago

    Because I don't want to give the Democrats any more to pi$$ away.

Still have questions? Get your answers by asking now.