Results 1 to 4 of 4
Thread: US Debt Limit
-
10-04-2013, 07:21 #1
US Debt Limit
As US politicians never cared to address the issue and basically kick the can down the road as with so many other issues, we are back to the debt ceiling and talks about the US debt limit. So far it has always been raised and a few more months were borrowed in order to load up more debt and not address spending.
What are your thoughts on the US debt limit and do you think the US will continue to be able to kick the can down the road?
I think creditors are already fed up with the lack of leadership in Washington and it is only a matter of time until they cut their losses and say enough is enough.
-
10-10-2013, 11:28 #2
- Join Date
- Oct 2013
- Posts
- 5
- Rep Power
- 0
Re: US Debt Limit
Most of the US credits are evaluated in USD, so formally, USA can always pay all the debts. In fact, the lowering of the USD exchange rate can even be beneficial for the USA
-
10-10-2013, 15:01 #3
Re: US Debt Limit
I disagree with you. The US is not able to service its debt unless it borrows more money. Sure, the face value of the US debt will always be USD and technically they could print the money today which would plunge the US into a depression as the money would be even worth less than what it is today. On top of that the credibility of the US is at zero.
-
10-13-2013, 13:18 #4
Re: US Debt Limit
THE FACT!! USA IS COLLAPSE AND SUFFERING BANKRUPT DEEPLY....
The ARROGANT NATION SHOULD GO TO HELL...!!!
Bookmarks