Why the US is a giant on staggering leg. Warning, massive wall of text.

[Rath]

Joelcool7 said:

Rath said:

Edit: And Joel, you're way waaay off base.

How so? I may be looking at it alittle doomsday it might not get that bad. But the US currency will need to go into the crapper or something similiar in order for the US to pay off its debt.

In another forum I talked about this. An American simply said "The US will just refuse to payback its debt" he then went on about how the US military would protect the US from any country who wanted its money back.

Fact is the US is in big trouble if they don't pay back money soon and with another trillion in debts expected in this years budget I can't see the US recovering without the dollar taking a major dive which inturn will hurt the economy!

If the US government can get its act together in unison it's easily saveable - just needs a European style austerity drive.