RE: Can America Afford An Empire?

You are viewing a single comment's thread from:

Can America Afford An Empire?

in politics •  9 years ago 

Short answer is NO. .gov has needs to add approximately 10% of country wide GDP to the economy each year via new debt. Think about that for a second, if .gov stopped borrowing money for just one year, the whole national economy contracts by 10% at the very least. They'll try to play musical chairs as long as they can, but they won't be able to deviate from mathematics forever.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Very True! Just cannot afford it, no nation can!