America has been the world’s economic king since 1872, but according to the World Bank, that could change very soon as China stands ready to take our throne.
We’ve gone from the world’s biggest creditor nation to the world’s biggest debtor nation in 20 short years.
Got whiplash?
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the economy can be explained in one word…congress.
I don’t see this as a bad thing. Bigger isn’t always better
Well they already own G M !!! Send the CEO and the rest of the bunch to China if they like them so much. Cadillac will be Made in China,nice ha ???
stop spending, stop borrowing and stop giving welfare to every Tom and Dick. Pay what we owe, stand on our own two feet, take care of our own! It worked from 1620 until 1929. Isn’t it amazing we lost that way of life?
the two republican wars and a depression that was left on the books when BUSH left office cost money!!! it is the republican big business off shoring jobs and tax free bank accounts that is part of the problem and doing away with the middle class that pays the taxes does not help either!!! name one republican that left office owing less than when he took office??? yet they say they are conservative,what a frost!!!!
Thanks o boy!
Anybody who thinks this isn’t a big deal is very naive and uninformed!! Since world war 2 the dollar has been the choice for the world currency standard!! If the dollar loses that status folks we are in deep trouble!! The day will certainly come when printing more money will not be possible and our dollar will be devalued and throw us into economic collapse and chaos!! Add to that all the debt we have and the interest rate that will certainly rise and it will be the end of the American economy as we have known it!! Our money will be worth a lot less and maybe even totally worthless!! America is close to a tipping point right now!! This could be the thing that pushes us over the edge!!
To bad we couldn’t send Obama over there to run China, then he could run their economy in the ground then we could be number one again. Imagine a billion people on food stamps.
Thank Walmart for that
James–and I suppose by your way of thinking that Obummer is a frickin saint because he only added 2 trillion to the debt in 8 years