Debt or Economy
By ustin_pants
@ustin_pants (32)
United States
December 11, 2007 9:41pm CST
Should we eliminate the US government budget deficit or the increasing domestic spending? In other words, should we work on Americas debt or put that money into the economy?
1 response
@nbaupdates23 (80)
• Philippines
12 Dec 07
Put it into the economy for example the philippines that is a developing country the growth of the economy is very important to inhance the situation in the country because Filipino's are very hungry for good Governance
@ustin_pants (32)
• United States
12 Dec 07
But if we dont start paying off our 1.4 trillion dollar debt then the US dollar will weaken and end up hurting our economy as well as other countries economies.
and if we start paying the debt then there is a risk that our people will get angry and start raising prices because of tax upraises and cause inflation which could lead to another great depression.
so i still dont know which one we should do.
@nbaupdates23 (80)
• Philippines
12 Dec 07
IF the US economy will strengthen but if there economy will drop that's good news for us..
