A visualisation of US debt
A friend sent this to me today.
What do you think is going to happen? Default?
nah no way they will default. imagine the fallout if they did.
the world would crumble…or come close to it.
15 trillion dollars is…scary
i have no idea how they will fix it, but i read that the senate(or some part of the government, i think the republicans?) want to INCREASE spending…
getting over the debt by increasing by increasing debt seem logical 
I guess the only option is to increase taxes and cut down on expenses(maybe stop that ridiculous war 
)
Making/printing more money isn’t an option since then you are going to get a massive inflation causing another crisis
Doing nothing and post-posting decisions, like they are doing now, will also cause a massive crisis
These are the moments you don’t want to be the president…
Omg
I must admit I don’t really know much about it all, what is meant by default!?
Other than Homer Simpson thinking they are the two greatest words! Lol
I can’t really give an opinion here, I looked at the link an honestly thought, didn’t you guys know? This is what the major super power of the world has always done, and always will continue to do. Can’t imagine why an american has become an australian, and the wife wants to move out of the country for a change so we’re planning relocation to Canada. It is a shit go tho, I’m not political but everyone i know and love is stuck within that domain 
, i’m already starting to give an opinion 
, i’m outta here!! I really hate my home country sometimes
oh god!! thats a little crazy, eventhough i don’t fully undestand but gosh!!
I want a pile of cash like that!!!!! 
Maybe they need a carbon tax????
I want a pile of cash like that!!!!!
Maybe they need a carbon tax????
you and me Mizu.. lets go show them how to spend money properly 
I want a pile of cash like that!!!!!
Maybe they need a carbon tax????
you and me Mizu.. lets go show them how to spend money properly
I want too see that 
Omg
I must admit I don’t really know much about it all, what is meant by default!?
Other than Homer Simpson thinking they are the two greatest words! Lol
when you default on your loans, you cant afford to service them i.e. pay back the money you owe, so its like you get a loan for a car. after a while you cant afford to pay the loan for the car off, the bank will reposses the car and possibly take you to court to sell some of your other items to make up the difference.
How it will work if the USA ever defaults…i dont know and i really dont want to think about it to be honest…
So the rest of the world is gonna send the repo crew round to Obama’s then?????
Cool, I wanna watch that episode!!!!
haha pretty much, we should get dibs on the whitehouse. would look good in canberra…
Yeh I got dibs on Vegas!!! I would hate to see what is going to happen, but really, what options do they have?
Make more money!?
can’t make more money - becomes inflationary (prices of goods go up) and the money is worth less (ie loaf of breads goes from $1 to $2 or more in a day)
meaning people will have to borrow more money (increasing the debt) to pay for the stuff they need or want
So that is pretty much pointless!!! I see no way out of it for the US. Surely they would be benfitting from all the extra tourism though, wouldn’t they?
no amount of tourism will be enough to make up for their debt.