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I'm Racist ?????????
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<blockquote data-quote="chrisy" data-source="post: 1119499" data-attributes="member: 3193"><p>Texasbred it was an economist that tried to explain in layman's terms why we need a National Debt. Yes you can have a good credit rating without debt but it is harder to get things without one, when your a Country it's not like us mere menials. Credit rating is on past performance and you don't have a past performance without owing something somewhere, you may think your Country isn't getting paid but I bet they are, England pays them enough, as does the US pay England. It's not like 'well you owe me $20 and you owe me £20 so we're quits', It is to do with the GDP and the US has the highest PPP in the World, and is only second to China in trading. So the US has a long way to go before it collapses. It isn't fair that the little man has to suffer, but that is the way all over the World, even we have it bad at the bottom and we are a National Welfare State, our resources through it are being drained, and it is finally strangling us, not sure sometimes if it is a good idea to have the NHS and all the handouts we have. but not going into that one as that is another issue altogether.</p></blockquote><p></p>
[QUOTE="chrisy, post: 1119499, member: 3193"] Texasbred it was an economist that tried to explain in layman's terms why we need a National Debt. Yes you can have a good credit rating without debt but it is harder to get things without one, when your a Country it's not like us mere menials. Credit rating is on past performance and you don't have a past performance without owing something somewhere, you may think your Country isn't getting paid but I bet they are, England pays them enough, as does the US pay England. It's not like 'well you owe me $20 and you owe me £20 so we're quits', It is to do with the GDP and the US has the highest PPP in the World, and is only second to China in trading. So the US has a long way to go before it collapses. It isn't fair that the little man has to suffer, but that is the way all over the World, even we have it bad at the bottom and we are a National Welfare State, our resources through it are being drained, and it is finally strangling us, not sure sometimes if it is a good idea to have the NHS and all the handouts we have. but not going into that one as that is another issue altogether. [/QUOTE]
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