Comments on: How does the US economy sustain itself? http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/ A Better Path for the US Economy. Thu, 20 Nov 2008 16:25:14 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Brandon A http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-180 Brandon A Wed, 02 Jul 2008 18:39:38 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-180 On the first part, the debt doesn't matter. Countries are still willing to lend us money. So apparently it doesn't matter to them. Relative to GDP it is a smaller debt than many other countries have. As far as manufacturing, our labor is too expensive to legitimize manufacturing most goods here. We and the rest of the world gain from specialization and trade. The US economy finances itself by borrowing, whether it be domestically or internationally through government bonds and t-bills. Bottom line, the "problems" with the economy have been blown out of proportion. The US is in no real jeopardy. On the first part, the debt doesn’t matter. Countries are still willing to lend us money. So apparently it doesn’t matter to them. Relative to GDP it is a smaller debt than many other countries have.

As far as manufacturing, our labor is too expensive to legitimize manufacturing most goods here. We and the rest of the world gain from specialization and trade.

The US economy finances itself by borrowing, whether it be domestically or internationally through government bonds and t-bills.

Bottom line, the “problems” with the economy have been blown out of proportion. The US is in no real jeopardy.

]]> By: Paula K http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-179 Paula K Wed, 02 Jul 2008 05:47:11 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-179 taxes - we're taxed on wages, we're taxed again when we spend the wages, those businesses that get our money have to pay income taxes, and said company pay taxes again when they pay employee to work - so we can spend our already over-taxed dollar. Basically we're keeping eachother afloat. taxes –
we’re taxed on wages, we’re taxed again when we spend the wages, those businesses that get our money have to pay income taxes, and said company pay taxes again when they pay employee to work – so we can spend our already over-taxed dollar.

Basically we’re keeping eachother afloat.

]]> By: joe1max http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-178 joe1max Tue, 01 Jul 2008 07:38:50 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-178 Why are the only exports manufacturing? It is a macro economics question therefore "balancing our checkbook" does not translate real well into government finance. The government creates the money, therefore they do not necessarily need to worry about debt. Basically the US borrows money from itself to pay off the debt America owes itself. The US owes most of its debt to the US. That is why their is such a debate over how bad the debt really is. It is a fact that national debt is better for a country than surplus, but how much debt is the question. Why are the only exports manufacturing? It is a macro economics question therefore “balancing our checkbook” does not translate real well into government finance. The government creates the money, therefore they do not necessarily need to worry about debt.

Basically the US borrows money from itself to pay off the debt America owes itself. The US owes most of its debt to the US. That is why their is such a debate over how bad the debt really is. It is a fact that national debt is better for a country than surplus, but how much debt is the question.

]]> By: Tim B http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-177 Tim B Sat, 28 Jun 2008 11:56:36 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-177 With the national debt growing at a phenomenal rate the key term everyone should consider and understand is "unsustainable". Does this help any? With the national debt growing at a phenomenal rate the key term everyone should consider and understand is “unsustainable”.

Does this help any?

]]> By: slinda http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-176 slinda Sat, 28 Jun 2008 07:22:14 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-176 Credit is the American way. Credit is the American way.

]]> By: mimix101 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-175 mimix101 Wed, 25 Jun 2008 22:41:40 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-175 through exploitation of other countries and 'globalization' nonsense. through exploitation of other countries and ‘globalization’ nonsense.

]]> By: music junkie http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-174 music junkie Wed, 25 Jun 2008 01:30:04 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-174 we don't balance the books, that's why our country's debt increases by 1.8 billion dollars a day.....yes, a day we don’t balance the books, that’s why our country’s debt increases by 1.8 billion dollars a day…..yes, a day

]]> By: Master Why http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-173 Master Why Tue, 24 Jun 2008 20:13:08 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-173 Just a guess, but probably by forcing the world to supply us with goods and materials dirt cheap, via our military and political might. Just a guess, but probably by forcing the world to supply us with goods and materials dirt cheap, via our military and political might.

]]> By: o.O http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-172 o.O Mon, 23 Jun 2008 06:21:12 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-172 Taxes, the backbone(food industry),etc Taxes, the backbone(food industry),etc

]]> By: Max Power http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/comment-page-1/#comment-171 Max Power Sat, 21 Jun 2008 12:30:10 +0000 http://homebusinessmegaphone.com/us-economy/how-does-the-us-economy-sustain-itself/#comment-171 we are a service economy... everyone pays to get information on how to be efficient. Also US rules the Worlds entertainment buisness. Music is our #1 export! we are a service economy… everyone pays to get information on how to be efficient. Also US rules the Worlds entertainment buisness. Music is our #1 export!

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