Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question What should our spending priorities be if the US can no longer get low-interest loans to float the budget? In London's Financial Times today: US's triple-A credit rating 'under threat' By Francesco Guerrera, Aline van Duyn and Daniel Pimlott,in New York Published: January 11 2008 02:00 | Last updated: January 11 2008 02:00 The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody's, the credit rating agency, said yesterday. The warning over the future of the triple-A rating - granted to US government debt since it was first assessed in 1917 - reflects growing concerns over the country's ability to retain its financial and economic supremacy... Is anyone else worried about this? If we default, we will not be able to get ANYmore loans. Then we will have to live within our means, and I don't believe we're ready for that. By SpotsB4myeyes Posted on 01/11/08 Total Answers 5 Answers- we should stop giving countries billions of dollars in aid Answer by : Stinkbug B On Date 2008-01-11 09:04:03 I am more worried than 95% of the presidential candidates! A country that is 10 trillion dollars in debt and dependent upon imports from hostile third world countries is doomed! Answer by : Ida Slapter On Date 2008-01-11 09:04:37 Default and refuse to repay like all the other countries have done to us. What are they going to do? Come over here and take it? I don't think so. there is not a country, no I will go further to say there isn't a dozen countries that could defeat us. Answer by : citizenvnfla On Date 2008-01-11 09:05:09 I will be curious to see others responses. My feelings are - Yes I am worried about this. To expand on this, a year ago several news agencies ran a story on how China has loaned the US enormous amounts of money to prop up our economy. I knew this from past reading, but so many people that I worked with did not believe the stories. Its interesting that the London times published this story - BBC affiliates are much more on the pulse than US news organizations. Back to the subject - I am worried and the US has lost its economic supremacy. 10 years from now we will be a thrid world country, so my suggestions are too take your cash and move to Russia. I am very serious about this! Answer by : Mountain Man On Date 2008-01-11 09:11:12 The bulk of the U.S. budget is financing the military industrial complex, its cost runs into the Trillions, so unless we can shrink the role of the military, we will never see a balanced budget in the united states, to turn all this around, the U.S. has to adopt a non-intervention military foreign policy, we can have a strong military that protects U.S. borders rather than that of the rest of the worlds borders. this cost savings alone would fund healthcare, social security, education and some capital for restructing our jobs. Ron Paul is the only candidate who can do this and get it done. the other candidates like writing blank ckecks to the world, while there are people going hungry in america today... we need to put Americans first, then we can help the world. Answer by : Al On Date 2008-01-11 09:17:15   Go Back To Search Results