do you think that developing countries foreign debt should be wiped out?
374830
considering \n1) they've already paid off their debts ten times over\n2) we don't need their money\n3) the only reason we enforce these debts and their ridiculously high interest rates is to keep them poor so that they have no choice but to do our dirty work for us...\n\nthe question really is, 'should slavery be abolished'?\n\nso hell yes. any even halfway compassionate human being should be in favour of debt cancellation.
1023899
Yes-eventually debt will be addressed. You can put it off for so long but its still there. Not one President-not one has done much to improve it. And many refuse to see it. History shows it happens-time and time again. And when it does many will blame that man instead of all. They will run out of places to cut. And than they will work on trying to hold it. But it will come.
1024176
Stop giving them money and aid. Foreign aid gives those likely to be corrupt an object to their corruption.
336767
I would "recall" all debts owed to the US.Inflation would be erased.
776828
No. Sort out the problems at home first then spend any leftover money on foreign things.\n\nUK oap's die because they can't afford their heating costs, £36 million would pay A LOT of heating bills!
441800
Personally i think the best way to close the poverty gap is for companies to invest industries in 3rd world countries. But the problem is that tax is unbelievable high in those countries thus companies don't have an incentive to invest there. Also the countries should start to become self sufficient so they rely less on hand out. Any aid give to 3rd world countries should be given organisation that work directly in the country not the goverment.
888190
I think we should feed and shelter our poor AND have a strong military. Screw sending money to Palestine and Egypt or any other country that hates us - spend that money to take care of our own.
196086
Yes, because the USA and those other wealthy nations have usually forced these nations to take those loans in the first place. This is what happened in Latin America. During the 70's and early 80's, with puppet governments actively supported by the USA, most Latin American countries have borrowed lots of money. This money went to the pockets of a few already wealthy businessmen, or was lost to corruption. And corrupted ministers, sponsored by the American government, have passed the debt over to the state. So Latin American states contracted huge debts for money they didn't even profit. This happened with the acceptance of the US government, and to the benefit of such American people as Henry Kissinger. So, let those people (in the USA and in Latin America) pay off the debt, not the countries, which are poorer and poorer.
419291
Prevention is better than cure. It can happen anywhere anytime again, so what we should do is helping poor countries to develop. If they have no reason to strike, they are less likely to do it.
339192
It is inevitable, and yes it is good to a degree.  It just means that eventually all poverty will be eliminated, if all the powers that be [IMF, WB, OPEC, ETC] focus on creating even the most poorest nation in Africa to become globalized with a sound economic environment, and a less corrupt government, then it will have been worth it.  \n\nIt will definitely take years, but it is inevitable.  Did you know Bill Gates met with leaders of the IMF & WB to globalize microsoft?  I attended the conference about 6 yrs ago in Washington, D.C., where he introduced a plan for even the poorest nation to be equipped with his computers, mainly schools and universities.  This would promote, growth and education and enable parts of Africa to 'catch-up' to the rest of the world.
862898
The debt and deficit have no peer in the problem of economic waste. There is a contant danger of increasing interest rates ballooning the payments and every dollar is a loan from other countries who could stop lending us money and squeeze our economy. The Chinese are very aware of our deficit problem, and no one wants to address the problem. They own 40 percent of our debt and they are flooding our markets with Walmart goods. They are also attempting to capture the oil markets we depend on, this is a tragedy waiting to happen. We are not supporting our education system to compete with other countries who are producing a superior work force. The engineering crisis is untenable, India is producing most of our engineers and taking American jobs. You can not compete in the global economy without a superior educational system. Economic collapse is what killed the Soviet Union and we are following their example.
153302
yes,why not ? \nall u mention are nations that have lot of people who have smart brain and guts.and money can easily find with that 2 resources.so the only matter just time and conscious to manage and channel their resource better .
663509
WE could pay it off today, if all the countries that OWE US money had to pay us back!! Thats the problem, we have let the money owed to us go without being paid back!!
58309
they would build too much debt
182339
Of Course it would. All Credible Economist agree. Its a no brainer. Its better in everyway.\n\nThem sending money abroad is a loss for us. But the work they provide is much more valuable. A simple example.\nA worker gets payed 2000 a month, sends 500 and keeps 1500 to spend here. The work they do helps Developers Make Millions, then Spend their money here to make more money and on...  Its all part of the Global Enonomy. The family in mexico will probably use the money to buy Cells phones etc.. which are made by Motorola, a US company. Do you see ? its very complex and simple at the same time. Alot of people dont get it.
233276
I believe it's a matter of "LEADERS"... most developing country are VERY rich in natural resources but alas they have phony leaders, like Egypt for example, it was rich in agriculture, in energy resources, in almost everything... but it has a phony leader working as a puppet for the World Leaders. And the same goes for most of Africa, they're rich with diamonds and gold and many things that if were managed correctly, Africa could've been the world leader... but alas, they're all puppets.\n\nSo a developing country is a country with a phony leader and good natural resources, and once the resources diminish, it becomes a poor country below development standards.
647052
no, debt is debt, and should almost never be written off.  we live in a "bankruptcy" is the answer society and poor financial management can not be tolerated; by americans or corrupt government or countries who suffer from corrupt governments.  america and the other elite countries can not police the entire world.  as a matter of fact, an  american's right to bear arms is for this purpose, to overthrow to government if they ever become too much for the people to handle.