My buddy and I..are arguing whether the United States Government borrows Money from other countries to cover the national debt?
205606
There are already some good answers, but no one has said anything about China.\n\nWe buy so much crap from China, but they buy NOTHING from us. We owe them alot of money, they practically own us.
163883
What you try to mean is this:\n\n Since George Washington (Americas 1st president) up to President Clinton (the one before the former), the United States has been in debt for as much as 1.3 trillion.\n\nOn the other hand, only Bush himself has put the United States into as much debt equalling a total of about 3 trillion. And he's still got a couple of more time in office.\n\nHonestly, this does not concern me at all because I am not a national of this country. Personally, I believe Bush has it's good and it's bad. We have to acknowledge the fact that maybe if it were not for him, perhaps any terrorist would be at the reach of nuclear weapons just as Iran may be able to start a Nuclear war to any nation.\n\nI certainly believe that he might be being too agressive and that handling so many issues such as: Chinas economy, unhappy Immigrants in the US, A ridiculous costly wall being built on its borders, Iraqi War, Osama Bin Laden's reappearance, Iran nuclear power, and un happy people with High Oil prices (just to name a few) is putting much pressure into the country's well being (economically speaking).\n\nNext Election will be tough, The United States definately needs a president to follow up Bush's "balls" and aggressiveness/stupidity (whatever you want to call it) to keep it rolling. Just remember Hitler. He was doing great until he decided to invade Russia and do so much Bull $hit everywhere in europe.
63432
Well, I wouldn't say that we aren't getting cared for, but I see your point. The U.S. government gets into other countries' business a lot. They throw millions of bucks into these causes without asking. They think they are doing good, which they could be doing. But what if they MADE SURE we were O.K. first, and THEN got OUR support on the project? Easier and better solution.
222340
no i dont think so ,i think it is amessage to other countries , which means 2 be with us or against us
245055
Doesn't seem like he's thinking clearly huh? Sometimes he doesn't make sense at all. I'm still trying to find out why they're saying they have a democratic right under the NPT but they still refuse to acknowledge that they forfeited that right when they concealed it for 18 plus years! Really funny world and the leaders they have today.... I.E...Venezuala..Bolivia..Cuba...Possibly Peru now.... I hope the United States pulls it's head out of the clouds and realizes that the billions of dollars given to hostile countries could be used to further educate our own people at home! I think its time the United States shrinks its involvement. I would rather invest in helping African children. people who really don't have anything...then to give it to Venezuela and Bolivia...countries which have much more money but are ungrateful! I don't see this as a form of punishment but our tax payers money need to start helping people in dire need.
100494
Jon Stewart (I love his show) recently had a figure on there that, including the most recent request for $, the war in Iraq is costing each US taxpayer +$2,000.  That's EACH!  \n\nOf course, he made this point too.  We aren't paying for it, you and I.  Who will pay for it?  Our grandkids - because while we are fighting two wars right now, we are also cutting taxes and increasing the deficit and therefore the debt.
171215
Government is like any big business. It's not an issue of debt, but of cash flow. That's what politicians are dirving at when they say debt is not always a big issue. Right now, our cash flow situation has not been impeded by our debt.
34729
This is an interesting question, and it's very debatable.\n\nI'd like to read what others say.\n\nI know the USA provides aid to several of these countries.  They seem to hate the USA yet they accept aid.
344004
Take a look at the graph. The national debt after WW2 was huge and they needed a way to pay it down. It worked for a while as the US became more productive the debt to GDP ratio steadily declined until 1980. Its been increasing since then except for a short period during the Dot.com boom.\n\nhttp://zfacts.com/p/318.html
300255
no, the federal government does things to help us other "smaller organizations" may use it to hurt us.us, meaning Americans
587284
No...its a problem. Look at it like this:\n\nYou have an income, and you can only spend what you have (This is the Gross Domestic Product,GDP of the US) Say $90 a month.\n\nYou spend spend your income on products and services provided by your neighbor, say $100 a month.\n\nSo you are spending $10 more per month than you are earning.\n\nHow do you make up the difference? You borrow. From who? Your neighbor right!\n\nYou see where this is going. Pretty soon you are one broke sucker owing to your neighbor for everything. Soon you will be selling assets to pay your debt, unless you can find a way to balance the payments.
587657
When nations of the world refuse to trade in usa dollars.If that ever happens america is in trouble Theres not enough gold in fort knox to pay off the national debt however the usa is owed trillions by other countries The G7 plus russia don't owe the usa much The debt she(america)is owed is mainly by third world countries who cannot repay this debt Once america has to go to  the same currency deals as her partners it'll be a different ball game
205015
I dont know the exact amount spent on each. But I can tell you that the national debt is now around $8,000,000,000,000 and that every day the US government spends roughly one billion dollars on the military alone. By the way, all this money, the government is borrowing it from China. Sorry I cant help you anymore than that.\n\n\npeace
269789
Yes, Bolivia could refuse to honor debts created by a previous government.  However, this would be a radical step.  The country would find it very difficult to get future international loans, and the IMF would probably not help them.\n\nWhen the United States declared its independence from Britain, it could have refused to pay its debts, and based that refusal on the fact that Britain had actually incurred those debts.  However, the U.S. honored all its financial commitments, and therefore began its history with a good international credit rating.
274101
Government debt\nFrom Wikipedia, the free encyclopedia\n(Redirected from National debt)\nJump to: navigation, search\n\nGovernment debt (also known as public debt or national debt) is money owed by any level of government; either central government, federal government, municipal government or local government.\n\nAs the government represents the people, government debt can be seen as an indirect debt of the tax payers.\n\nGovernment debt can be categorized as internal debt, owed to lenders within the country, and external debt, owed to foreign lenders. Governments usually borrow by issuing securities such as government bonds and bills. Less credit worthy countries sometimes borrow directly from commercial banks or supranational institutions. Some people consider all government liabilities, including future pension payments and payments for goods and services the government has contracted for but not yet paid, as government debt.\n\nAnother common division of government debt is by duration. Short term debt is generally considered to be one year or less, long term is more than ten years. Medium term debt falls in the middle.\nContents\n[hide]\n\n    * 1 Government and sovereign bonds\n    * 2 Municipal, provincial or state bonds\n    * 3 Denominated in reserve currencies\n    * 4 Risk\n    * 5 Clearing and defaults\n    * 6 Structure\n    * 7 Scale\n    * 8 Problems\n    * 9 Implicit debt\n    * 10 See also\n    * 11 References\n    * 12 External links\n          o 12.1 United States\n          o 12.2 Global\n\n[edit]\n\nGovernment and sovereign bonds\n\nMain articles: government bond and sovereign bond\n\nA government bond is a bond issued by a national government denominated in the country's domestic currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. Government bonds are usually considered risk-free bonds, because the government can raise taxes, reduce spending, or simply print more money to redeem the bond at maturity. Investors in sovereign bonds have the additional risk that the issuer is unable to obtain foreign currency to redeem the bonds.\n[edit]\n\nMunicipal, provincial or state bonds\n\n    Further information: Municipal bond\n\nMunicipal bonds or "munis" in the United States are debt securities issued by local governments (municipalities).\n[edit]\n\nDenominated in reserve currencies\n\nGovernments borrow money in a currency for which the demand is strongest. The advantage of issuing bonds in a currency such as the euro or the US dollar, is that the universe of investors for the bonds is very large. Countries such as the United States, France and Germany have only issued in their domestic currency. Relatively few investors are willing to invest in currencies that do not have a long track-record of stability. The disadvantage for a government issuing bonds in a foreign currency, is that there is a risk that they will not be able to obtain the foreign currency to pay the interest or redeem the bonds. In 1997/1998, during the Asian financial crisis this became a serious problem when many countries were unable to keep their exchange rate fixed due to speculative attacks.\n[edit]\n\nRisk\n\n    Main article: Credit risk\n\nLendings to a national government in the country's own sovereign currency are often considered "risk free" and are made at a so-called "risk-free interest rate". This is because the debt and interest can be repaid by raising taxes, a reduction in spending, or failing that by simply printing more money. Naturally, this would increase inflation and reduce the value of the invested capital. An extreme example of this is provided by Weimar Germany of 1920s which suffered from hyperinflation due to its government's inability to pay the national debt.\n\nA politically unstable state is anything but risk-free as it may, being sovereign, cease its payments with impunity. Famous examples of this phenomenon ar
55284
The deficit is money owed by the government to several different places.  Examples are, U.S. citizens, U.S. companies, Japan, China, other goverment agencies that didn't use precious budgets...  Interest is paid on this balance every year.  As the national debt grows so too does the interest paid.  Because the government also makes the money, they could in theory simply print more money and give it to their creditors.  If they did that, the U.S dollar would become weaker compared to other countries money.  Cutting a pie into more slices without making the pie any bigger will mean each slice of pie is smaller.  Same principle applies to monetary policy.\n\nAs the government makes more money, inflation kicks in.  A dollar in 1940 could buy a lot more than it does today.  People that invest in things like banks and the stock market expect to beat inflation and even get more.  For instance inflation runs about 3 percent per year on average.  So on any investment you need to get more than 3 percent return or you will loose purchasing power.  \n\nTo pull it all together.  Government gets to a point that interst owed on national debt is higher than GDP.  This means that we can not make more in a year than we owe. (Not likely to happen but proves a point)  The only way the government can pay its debt is by doubling the amount of money in circulation.  This would cause every dollar to loose 50 % purchasing power.  The only way you could convince me to save my money rather than spend it would be by offering more than 50 % rate of return.  If a bank is offering lets say 55 % interest rates then they too have to make more return on their investment.  The people they loan the money to (home owners through morgages) would have to pay more than 55 % on there home loan.  People would stop borrowing money at such a high rate, demand for houses would fall.  The supply of houses would stay about the same.  Decrease demand holding supply the same would lower the price of homes.  Thus create a market crash
336798
No, it really is because G.W. Bush, seen from anywhere outside the USA, is an obvious idiot. He has screwed up the national debt beyond belief and attacked countries without cause.