What happens what national debt outweighs a country's GDP?
It's projected to happen again next year, and recent spending by the Obama administration to step up Mexican boarders and increase in military presence in Iran among other places - I see that projection to come rather quickly than expected. Are we going to go into great depression 2, are jobs going to be scarce, will the draft be reinstated, will social security be cut? I haven't studied economics that extensively so I was just curious what the current state of affairs will be like.
Asked By: i like cereal - 5/25/2010
Best Answer - Chosen by Asker
Unfortunately, a lot of the arguments heard in the debate about the national debt are inspired more by politics than by economics. Or, in the words of a prominent economist: 'The point is that what passes for “sound” economics these days (and maybe most days) isn’t actually sound economics — it’s economic analysis... More
Answered By: I didn't do it! - 5/25/2010
Additional Answers (1)
It will mean that all our productivity in one year is worth less than our debt to ourselves or other countries. Is it dangerous? Yes, as we have never been in that precarious position before. Can we get out of this mess? Yes, if we do the right things but Obama and his people are not either smart enough or simply... More
Answered By: email@example.com - 5/25/2010
*93* Local Jobs Paying $21-$95/Per Hour- Available Now. Apply Here!
Work At Home Jobs Make $87/HR, Jobs Seen On TV. Jobs Hiring Now
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Up to $47/hr Part-Time Job Openings. Free Schedule, No Scam. Start Now
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.