Question
The global economy seems to be in a debt crisis. The National Debt (what we owe) of the United States is now over $18 Trillion dollars and growing every day. Our Gross Domestic Product (our income) is around $16 Trillion. That means our debt is more than our income.
Does this make you feel uneasy that we may be "bankrupt" in the very near future? Explain
Does this make you feel uneasy that we may be "bankrupt" in the very near future? Explain
Answers
Ms. Sue
No. If we can pull back our military spending, we should be in the black soon.
Ms. Sue
The U.S. needs to break its obscene support of military industries.
Related Questions
How did Alexander Hamilton plan to handle the national debt?
A.
by using cash reserves to pay...
.
How did Alexander Hamilton plan to handle the national debt?
by reducing taxes to help the...
How did Alexander Hamilton plan to handle the national debt?
by creating a national bank to...
How did Alexander Hamilton plan to handle the national debt?
by reducing taxes to help the e...