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| 07 Jul 2016 03:35 PM |
As of May 5th, 2016 US debt was measured to have reached 19,188,102,413,248 according to Google. It just so happens to be we're not the only ones. The UK, taking second place in the debt ranking is at a 9,591,672,000,000 debt.
So, why is everyone borrowing so much money from each other?
I'd appreciate your thoughts below,
-Rob
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| 07 Jul 2016 03:38 PM |
| Trying to do some research into finding a solution to this issue, any response appreciated! |
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LamakKM
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| Joined: 30 Aug 2010 |
| Total Posts: 1532 |
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| 07 Jul 2016 03:41 PM |
we are just stupid and spend more than we can earn last year the US's military budget was 600 billion..
;-; || :O || xD |
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| 07 Jul 2016 03:43 PM |
| Must be all those space travels, and nuclear bombs.. |
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| 07 Jul 2016 04:33 PM |
| We've actually been borrowing lots of money from people, but I don't know that'd it be that. |
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| 07 Jul 2016 04:38 PM |
| The only way to reduce the debt is stop running the government on a deficit. That means cut programs to reduce spending or increase taxation to pay off the debt and accruing interest. |
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| 07 Jul 2016 05:15 PM |
| welp, time for obamacare to go then? |
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| 07 Jul 2016 05:17 PM |
| Or Obama can abolish private ownership of health insurers and use their revenues to fund his health care program. |
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| 07 Jul 2016 05:19 PM |
| do ya think that since most debt is in usd, they could adjust the value of the debt? |
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| 07 Jul 2016 05:21 PM |
| also idk that we even need obamacare...do we? |
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| 07 Jul 2016 05:24 PM |
| I don't know much about health insurance. I am covered by my parents health insurance provider. I think the objective of Obamacare was to insure that poor people would have some form of health insurance because of how expensive medical bills become when you are not insured. |
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| 07 Jul 2016 05:26 PM |
| not to say obamacare isn't a good cause, poor people need it. though if debt were to keep going at this rate, whether obamacare exists or not things would be pretty difficult. |
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| 07 Jul 2016 05:31 PM |
| The reason Obamacare might fail is that Obama allowed people to keep their insurance providers. So private insurers could afford to offer lower "premiums" to their customers if they have no prior history of disease. They only let low-risk people buy their insurance so that it is unlikely their customers will need to use their insurance often. These people's money is being diverted and poor people or unhealthy people who can't find coverage need to rely on Obamacare. So Obamacare can't fund its program because not enough healthy people are signed up. Basically it is the least profitable health insurance provider ever. |
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| 07 Jul 2016 06:33 PM |
| so basically people think it helps people but it doesnt? great |
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| 07 Jul 2016 06:45 PM |
| It helps people but it is economically unfeasible. Instead of operating like a private company in which there needs to be reasonable profit margins to sustain the company, Obamacare runs on a large deficit because only economically disadvantaged people or people with preexisting conditions enroll in it. This could be fixed by abolishing privatized healthcare but I don't know how that would impact health care in the united states in ters of service. |
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| 07 Jul 2016 06:46 PM |
i would worry more about our overspending on military rather than obamacare.
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quinn04
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| Joined: 07 Jul 2011 |
| Total Posts: 6988 |
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| 07 Jul 2016 06:46 PM |
| To pay off the US Debt, EVERY SINGLE CITIZEN IN THE US HAS TO PAY 40,000 DOLLARS TO CLEAR THE DEBT. lol america is screwed |
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| 07 Jul 2016 06:51 PM |
| well hopefully things clear out, idk what i'd do without america. probably the most free country on earth, and im not about to let us go down because of some debt. |
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quinn04
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| Joined: 07 Jul 2011 |
| Total Posts: 6988 |
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| 07 Jul 2016 06:52 PM |
| i would go say go to canada, but since we have trudeau, stay away from canada like the plague. |
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| 07 Jul 2016 06:53 PM |
| What if Donald used it to build the Wall? |
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| 07 Jul 2016 07:00 PM |
| using debt to build a wall...what? |
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| 07 Jul 2016 07:02 PM |
| Donald is using that money for his plan, a Wall between Mexico and US |
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| 07 Jul 2016 07:23 PM |
| Mexico has a border wall with Guatemala and no one calls it racist. |
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BlankS2
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| Joined: 09 Oct 2015 |
| Total Posts: 173 |
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| 07 Jul 2016 07:25 PM |
| I like how there's an actual political conversation in OT, let alone on Roblox. |
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