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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Jim S who wrote (8763)	5/26/2006 1:58:25 AM
From: Peter Dierks	Read Replies (1) \| Respond to of 71588

"I doubt the US COULD go bankrupt, at least not in the sense that the Soviet Union did. We are too big a customer to the rest of the world, and the world depends on our military far too much." Never is a very long time. A formerly well off person whose spending expanded with their income growth and then hit with an income reduction will suffer and might declare bankruptcy if their spending does not decrease with their income. A country is no different. Some of the signs are already starting to show.