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Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 11:25 am
by catsfuzz
Just want to know some people's opinions on the Debt Celling, and what people think would happen if we default. WWIII anyone? Lol... I hope not.

Re: Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 12:00 pm
by Kress_91
How would defaulting cause WWIII?

Re: Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 12:39 pm
by jtcanon
Here is the problem, it is a national problem, not a world wide problem.

Re: Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 1:12 pm
by catsfuzz
I was being kinda sarcastic but a mix of serious there. The only reason I said that would be, if we default, we stop paying China what we owe them. This would make them pretty mad. Now, if they would get mad enough, they could attack (which I doubt).

If that happened, Brittan and probably Canada would step in and other countries might too, some aiding China. Thus WWIII...

Re: Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 1:13 pm
by Kress_91
Lolcanada

Re: Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 4:03 pm
by Intelli
Kress_91 wrote:Lolcanada
Yes Canada.

Image

We will ensure that China gets paid. Mhm.

Re: Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 4:20 pm
by catsfuzz
Intelli wrote:
Kress_91 wrote:Lolcanada
Yes Canada.

Image

We will ensure that China gets paid. Mhm.
So wait, you support exporting our jobs, and giving China our fortune?! I mean, I understand we need to pay them, but join their side?! THAT IS INSANE!

Lol.

Re: Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 5:58 pm
by Intelli
catsfuzz wrote:
Intelli wrote:
Kress_91 wrote:Lolcanada
Yes Canada.

Image

We will ensure that China gets paid. Mhm.
So wait, you support exporting our jobs, and giving China our fortune?! I mean, I understand we need to pay them, but join their side?! THAT IS INSANE!

Lol.
Our = America's?
For sure.

Re: Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 6:09 pm
by Kojaimea
catsfuzz wrote:I was being kinda sarcastic but a mix of serious there. The only reason I said that would be, if we default, we stop paying China what we owe them. This would make them pretty mad. Now, if they would get mad enough, they could attack (which I doubt).

If that happened, Brittan and probably Canada would step in and other countries might too, some aiding China. Thus WWIII...
You think that England has the funds to help out the USA? We have just bailed out both Ireland and Greece aswell as nearly all our own banks. England is hugely in debt already, borrowing over $700 billion a year already because our incomes don't match our spendings (<------ Democracy caused that problem, but thats something for another day).

Re: Debt Celling - Your Opinions

Posted: Sun Jul 31, 2011 6:56 pm
by catsfuzz
People, it is all comes down to a little organization called, The UN. Go read up on the regulations. Then you will find some interesting things.