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Jacob asked in Business & FinanceCredit · 10 years ago

Why is America in so much debt?

3 Answers

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  • ?
    Lv 7
    10 years ago
    Favorite Answer

    Everybody has their hand out for a government hand-out, but nobody wants to pay higher taxes to fund those programs. (wars - which employ soldiers AND civilians in all sorts of manufacturing jobs; social security, other welfare (including congressmen's salaries lol), free medical care for illegal immigrants, tax breaks like: Cash for Clunkers - $8,000 to buy a house - Make work Pay $400 - energy credit rebates - college tuition rebates and credits, bomb Libya, rebuild Iraq - Pakistan - Afghanistan, import refugees and feed and house them, send food to all of the starving people of the world, etc, etc).

  • Anonymous
    10 years ago

    The China Syndrome

  • 10 years ago

    hum.

    3 to 4 wars that aren't paid for.

    tax breaks for wealthy people.

    tax loopholes for large corporations that in essence help them to avoid paying taxes.

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