


| USA debt issue - IOUSA |
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| Articles - State of the World |
| Sunday, 14 December 2008 20:38 |
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I've been saying for years that the US economy will collapse if it continues functioning the way it has been. Many other folk have been saying the same thing. A child could come to the same conclussion. If I spend more money than I have, I will go into debt. If I continue to do this, I will go even further into debt. One day the cookie will crumble and I will end up bankrupt as a result of not being able to repay my creditors. The following video does a good job of summing up the debt issue faced by the USA and how it came to be.
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| Last Updated on Thursday, 25 March 2010 00:49 |