did I answer that last question redy?
I know nothing, nothing I say
I am an Electronic Engineering Student!!

Oh, I forgot JINX!!!!

A child noticed the Emperor was wearing no clothes...

Sometimes not being a specialist in a field, gives one the innocent eyes
of a child, who asks the simple questions..

Jess to me...
You are the most caring intelligent person I see...

I am an evil, manipulative, conniving ass...

The worst part is that I actually enjoy it... LMAO evil laugh...

More evil laughing..
And now just a simple **** eating grin

well thank you lee

i will take that as a compliment

the info you poste and the chart on the web site i posted from

comes out to 66.6% of the gross domestic product is going to debt

is that high i have no clue

but it is a ways from bankrupt i would think

the chart at the website does shoe eras where the
debt ratio was far worse

Robin, and others...

Something that concerns me, is a whole lot of your country's monies,
profits, are tied up in assistance, as in aid to other countries...is
this included in the whole profit side of the sheet...as in monies owed?

What if the other countries can't pay?

What if your country's income, from exports, and other areas, outside of
taxpayers dollars are not strong?

Does that make the 66.6% a little wobblier?

66.6 i think that makes it evil

by the time you add in the interest the debt is incurring plus the added
debt each year, thats not even putting a dent in it therefore it
continues to grow!!! Its beyond astronomical!!!

not sure but if it is something to another country then it would not be
in the domestic product

that should be a global product

up till now i have not checked for that one

Hey adj, whats scarry is how much of that debt is owed to China. I
forget the amount though. Look that up for us, it will scare the hell
out of you!!!

http://www.cedarcomm.com/~stevelm1/usdebt.htm

a chart link at this site predict debt at 70% of gdp
in 2010

has it now at 68.+ somthing for now

It is important to differentiate between public debt and external debt.
The former is the amount owed by the government to its creditors,
whether they are nationals or foreigners. The latter is the debt of all
sectors of the economy (public and private), owed to foreigners. In the
U.S., foreign ownership of the public debt is a significant part of the
nation's external debt (see also below). The Bureau of the Public Debt,
a division of the United States Treasury Department, calculates the
amount of money owed by the national government on a daily basis.

This is scarry:

The country holding by far the most U.S. debt is Japan which held $644.3
billion at the end of December 2006. In recent years the People's
Republic of China has also become a holder of over $1 trillion in total
foreign reserves, of which about $349.6 billion are U.S. Treasury
securities. Source: [3] [4]

http://www.answers.com/topic/united-states-public-debt

Our politicians are insane!!!!!
The Chinese are playing us too, they lie and manipulate their currency
value to make ours weaker and are paying outragous sums for crude oil
causing prices to sky rocket. They are making deals to buy copper from
African nations, and we borrow money from them by saleing them treasury
bonds. Incredable.
At the same time they are building Nuclear submarines. One just surfaced
inside a US navy battle group, and we didnt even know it was there until
it surfaced and their sailors came out on deck and waved. They have been
testing a laser that can knock out US spy satelites, and tested one
successfully already. If they can do this then they can make smart
weapons that the US relies on totally useless. It has sent our military
into a panic trying to invent new satelite capabilities that are imune
to these lasers, which by the way are fired from the ground. and we sell
them treasury bonds... LMAO, we must be insane...

Wow, I feel like a fly on the wall, only I don't understand the
language. So what is all this debt due us for? When we agreed to
'assist' these other governments, what was the reasoning, and why would
we "lend" this kind of money? If there was a need, say a medical need
or an event that caused a lack of food or housing, wouldn't our money
serve better, by simply 'spending' a portion of it, like a neighbor, to
help in the specific area that needed it?

Yea the money would be gone, but it would be just a small fraction of
the funds that is now due us and what made anyone think it would ever be
repaid?

Oh, it's so confusing?

Red, the leveling of currency as you call it is unlikely to happen
anytime soon. The reason is that different countries manage their money
differently. Argentina is a good example. It seems that one day they
have a stable currency and the next thing you know they inflate it to
infinity and have to start over with new bills minus a few zeros on the
end. They have done this several times. all countries mange their
currency and they fluctuate based on the choices the government makes.
In theory it might sound good, but in reality I would not like to see
the dollar tied to European currency or Russian or South African, just
as an example.

China is doing some interesting things with their currency, managing it
based on the dollar in order to give them trade advantage. There is some
heated discussion about that. Many people want reform in the Chinese
monetary system. Without reform I think you will see more movement
towards protectionism here. But I think that is moving too slowly.

Stable economic growth and low level of inflation are achieved by
inflation targeting as a monetary policy.

If monetary supply is increased too rapidly this will show up in the
market in the form of inflation. Currently inflation is relatively under
control with the exception of spiking gas prices (fuel costs). So long
as you don't see sudden increases in inflation you can relax a little
about worry over the money supply.

The American standard of living depends on productivity, not inflation
per se. When productivity rises, there is more output to be divided.

We borrow redy, borrow!!!

Wow - thanks Philosopher and Fanta. I'll visit those
sites posted tomorrow, when my mind is fresh.

I'll be back asking questions. You both seem to have such a good
handle on all this.

<----emperor with no clothes