Will the US economy ever recover from its debt?

by | posted: May 22, 2011 8 comments

With Obama’s election, people had high hopes that perhaps he’d be able to do something about the big dent in America’s economy — but it seems that he’s made no difference so far. Some people have put forward the argument that perhaps its not possible to bring about change and that it takes time… but really, we should have seen some sort of action plan by now, which we haven’t. It begs the question: will the US economy ever recover from its $14+ trillion debt? Hopefully it does, but under the current grim circumstances, its highly unlikely.

Of course, drastic actions can be taken to cut down the government spending, use some of the budget funding towards paying off the debt — but with a nation that focuses so greatly on powering its military, occupying foreign land to enforce “democracy” and taking part in useless diplomatic issues to attain a political standpoint, its highly unlikely that the US will ever recover from its debt. Looking at the most recent example in Libya, the United States invested a total of $550 million in just a week in “bombing” the nation to protect it from government oppression.

Come on Obama, your country is in $14+ trillion of debt, rising at a steady rate of approximately $4.9 billion per day, spending $550 million on a issue you had nothing to do with won’t really help the citizens of this nation. Unfortunately, I’m not going to sit here and provide resolutions on how the economy may have a chance to recover — of course people have theories, but nothing will work for certain unless implemented and tested (trial and error). What do you think should be done about the rising debt of the US economy?

Check out the national debt clock

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  • Aiyyer1

    AMERICANS SHOULD CONSUME PRODUCTS MADE IN USA ONLY
    DO NOT INTERFERE  WITH OTHER COUNTRIES AFFAIRS
    CITIZEN  SHOULD SAVE 10 PERCENT
    USE TRAINS
    CONSUME LESS
    LEAD SIMPLE LIFE
    DO NOT OUTSOURCE
    KRISHNAN INDIA

    • Gmr

      What a shame. A well-intentioned foreigner (you, my friend from India) has more sense than our entire government.

      • Anonymous

        Yes, it is definitely a shame but there is more going on than what is visible on the surface… just gotta dig deep down. Personally, I don’t think the US will enter get out of debt until the Federal Reserve is abolished — private federal bank? Come on.

  • Wzbeltran

    USA, like any other empire in history is going down. nothing to do…

  • steve stanley West Palm Fl

    Make all the following law, soler powed house in all area that can change over, The electric car, stop out sourcing goods and services produce, in the usa,even if this means grater cost in will in the long run help the economey. stop putting our money and resources in problems out side our boarders, first worry about our countries problems we can’t save the world if you can’t save our self, create a forgiveness act for the americans that lost their good creit do to the morgage crices,good creit helps growth. Stop hirering illegal because they work for less where do you think their pay ck’s our going, right back to there homelands. We need to get back to making products that last and, that our produce in the usa by our citzens. Spot depenging on oil from out side our boarders. Stop shoping only at the big corporate giant stores keep the american dream alive and give the small guys a chance. keep whole sale and retail separate buying derect might save you money, but does it really when their less jobs their less money flowing for all businesses that means yours as well.The corprate gaints supply materials that in many cases should be used by professal only not the general public this does not creat jobs it creates corprate greed,lets git back to basics the goverment needs to regulate more.close our borders if we are allowing our country to be full with 3 world mantality than our greate country will become a 3 world country eventually.     

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  • Michael Green

    EXAMPLE 1 ;10 dollars a pair for sneaker being made in Asia, selling at 40 to 100 dollars depending on the name it carries.

    Let’s look at the Dollar flow, 10 dollars going to a manufacturing country from the U.S.
    And the consumers pays 40~100 dollars, the rich guys make 30~90 dollars from the consumers.

    While we buy foreign made consumerbles, the money flows from the poor to the rich.
    The wealth of the U.S. flows to foreign countries, and the wealth of the poor flow to the rich.

    The country U.S. goes bust, and the U.S. poor goes bust as well.
    Buy only American made.

    • futurepocket

      Good point. Of course, the rich corporations of this nation have gone overseas and even robbed international resources to get as rich as they are today — while the consumer still gets ripped off.