Is the USA bankrupt?
 

Some think we are in the middle of an economic collapse that will surpass the Great Depression.

Re: Is the USA bankrupt?
 

You must be listening to the Truckin' Bobo..... :lol:

They tried to re-create Woodstock, it just wasn't the same 30 years later. I doubt we will ever see a depression like they did in 29.

I'm not so sure about that. We can not keep spending $20 Trillion a year on foreign oil without running out of money at some point.

( I can't be out of money... I've still got checks left in my checkbook...)
:lol: :lol: :lol:

We're not creating true "wealth"...

We just keep printing more paper. Instead of "In God We Trust" they may as well replace it with I.O.U.

Somewhere along the line somebodies gotta pay...and pay BIG!

Re: Is the USA bankrupt?
 

Yep.
CNBC, and a few others, too.

That's what's got me worried.

Except Larry Kudlow - He was about the last to acknowledge any problem at all, with the economy.

There were a lot of folks who saw the real estate collapse, as much as 4 or 5 years back.

Things sure do seem different, this time.

You cannot mismanage things so bad, without a purpose. And, the purpose appears to be to kill this great experiment of a representative republic.

If your not worried, your not paying attention.
Evidence abounds. You just don't get it, from ABC, CBS, NBC, CNN nor Fox.

Lou Dobbs is the exception, on CNN.

We are not even in a recession. Our GDP has grown the last 2 quarters. Just don't listen to all the doom and gloom from the media.

I don't watch news on the major networks. I'd probably have an ulcer if I did.

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there has been a large job reduction every single month of the year so far, energy prices are out the roof, housing market is in the crapper and banks are starting to go under(indymac in california just went belly up) and the GDP growth you speak of has been microscopic and I am not even sure if I even trust the numbers the government is putting out there and you dont think we are touching recession? Kinda hard to base not being in a recession on those microscopic gains in the GDP when it is slowing down to a crawl and every other thing around it is going down the toilet if you ask me.