Well, I’m not an economist nor do I claim to be a real smart person but here is my theory:

1. The U.S. Government spends money like a whole boat full of drunken sailors and runs up debt beyond imagination.
2. This allows the politicians (from both parties) to pay off all of their friends, sock away plenty of money for themselves and buy more votes from all of the oppressed people they “help.”
3. The world keeps buying up our debt because they already have a ton of it and don’t want to lose all of their money by doing anything that will damage the illusion that the almighty dollar has any value.
4. Eventually, there will be nobody left to buy up U.S. debt (dollars). Oops – default on all of those trillions of dollars.
5. The U.S. must then either deal with hyper-inflation or devalue the dollar. Either way, the value of all of those dollars drops by 90% or more.
6. The U.S. debt of say 20 Trillion dollars is now suddenly actually worth only 1 or 2 Trillion dollars. So sorry Russia, China and everyone else – we just screwed you royally. Have a nice day.
7. Of course, U.S. citizens will suffer because of all of this just like everyone else – but do our dear leaders care? Not one little bit.

Yeah, we're screwed. I tried a similar method as a poor college student, as many others did as well. I opened a credit card and spent my heart out until they quit approving me. But then guess what happened, they started calling to harass me for money ?!?! Then they cut me off !?!? Then, omg, the worst thing I had to actually pay it back bc they kept raising my limit and charging me various fees and in the end I think I had paid nearly twice as much as I initially purchased. Fortunately for me, my parents were able to pay off the card and I paid them back interest free. But my parents can't afford to lend anymore money to the government and I am beginning to feel that we as a country are in our junior year in my little analogy, which means time is running out on our economic front. At some point, one must quit spending. That's it, there is no other way, otherwise I would have a lot better toys and such.

man it wasnt just bush who spent all that money stop leaving out who approved everything bush did since 2006 and yet the left never blames their own.

obamanomics??????? two great american icons who have been around for decades gm and chrylser are no more..

is that not proof enough that obama is the biggest disgrace to this country??

Originally posted by neo67obamanomics??????? two great american icons who have been around for decades gm and chrylser are no more..

is that not proof enough that obama is the biggest disgrace to this country??

Yep, very true. Until Jan 20, 2009, GM and Chrysler were rock solid, profitable enterprises. Then, BANG, B.O. gets sworn in and those two companies are suddenly attacked by all kinds of economic problems, all of which were created by Obama while he was shopping for a dog.

Sheesh.