Could the country go bankrupt?

**rock_lobster** · 03-05-09, 12:10 PM

I was listening to the news a few minutes ago (Fox News Channel), and I overheard them talking about a poll they took, asking whether or not people thought this country could/would go bankrupt (I cant remember the exact wording, and I was unable to find the poll on their website yet).

The numbers were a bit discouraging...They broke the poll up into Democrat votes, Republcian votes, and independent votes.....all three categories were well over 50% on the yes side (58% was the lowest). Do you guys agree?

**Keiron** · 03-05-09, 12:16 PM

America wouldn't be what it is if we couldn't endure the hardships presented to us.

This might be a first that we've had this big of a problem, but people won't just give up. We'll find our way out of this eventually.

**CivilWars** · 03-05-09, 12:18 PM

The recession is already a reality, and IMHO the depression is not far around the corner. I guess that depends on what you mean by bankrupt. I foresee a "market correction" where entertainment is not so valued, where people get back to making products of value, and where we can't pay our foreign debtors.

**jason_jinx** · 03-05-09, 12:18 PM

We already are and have been.

There is way more cash than there is gold.

**Mad_Hatter** · 03-05-09, 12:23 PM

Yep pretty soon we'll be seeing the Amero. And soon after new world order.

**8Gigs8** · 03-05-09, 12:26 PM

Well technically aren't we already bankrupt since we're something like 10 trillion dollars in debt?

**jmw_man** · 03-05-09, 12:38 PM

Nah, I think it's a little different than like a company. We aren't employees of the government. We are the bosses and we need to do our jobs in making sure our employees are doing theirs. Can't go bankrupt because we have one of the most valueable assets in the entire world, America.

**WorstPE** · 03-05-09, 01:06 PM

Originally Posted by jason_jinx

We already are and have been.

There is way more cash than there is gold.

That doesn't mean a thing. We aren't on the gold stardard.

**MotoZ** · 03-05-09, 02:30 PM

Originally Posted by CivilWars

I foresee a "market correction" where entertainment is not so valued, where people get back to making products of value, and where we can't pay our foreign debtors.

It still fascinates that we don't make our own underwear and socks. If we went to war with Asia we would have an underwear shortage. Silly. :5

**jmw_man** · 03-05-09, 02:33 PM

Originally Posted by MotoZ

Originally Posted by CivilWars

I foresee a "market correction" where entertainment is not so valued, where people get back to making products of value, and where we can't pay our foreign debtors.

It still fascinates that we don't make our own underwear and socks. If we went to war with Asia we would have an underwear shortage. Silly. :5

What would they be short on?