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The Deficit…Why don’t we just call in our loans???
March 30, 2006
10:42 pm
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ACryForHelp
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September 27, 2010
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OK, I have a weird question…

We “Loan” money to almost EVERY country on earth, right?

Yet we are Ga-jill-ions of dollars in debt to ourselves?

So why don’t we just call in some loans to countries that we have loaned to and if they don’t pay up then we call in the “Collateral” and make that a new state???

We have loaned out enough money that we probably could have LEGALLY and LEGITIMATELY PURCHASED like ½ the planet… I’m not even counting “Aid” for countries that need help like Africa so that they can feed their people and help cure disease, that can’t/shouldn’t be called in as a loan…I’m talking “Here, sign this promissory note Antarctica, then, if approved, we will LOAN you money.”

If we count up Interest then we can probably control the whole world without having to do more then send out form letters saying “Pay up or we will reposes”.

Idea??

March 31, 2006
1:24 am
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Worried_Dad
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September 24, 2010
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Well, that is a way advanced economics and poiticis question which I certainly dont know "the answer" to. Still, I'll take a crack at it.

1) You don't foreclose on a loan unless the terms of the loan have been violated by the borrower and the loan is in default.

2) The "Collateral" we are holding probably is not in the form of having the right to make a foreign nation a 51st (or 52nd or 53rd) state.

3) "Controlling" the world is not neccesarily a desirable thing or an ethical thing to desire.

4) Do you really want to be required in perpetuity to have to spend your tax money on maintaining highways, sewers, environmental protection, postal services, coast guard support, public shools, and military protection , etc., for...Afghanistan, for example?

5) There is such a thing as Karma and turnabout as fair play.

Foreign holdings of U.S. government debt exceeded $2.03 trillion in July(2005), meaning that every man, woman and child in the United States owes foreign investors $6,846.

http://www.washingtonpost.com/.....01650.html

I just don't have an extra $6,846 lying around, and I am pretty sure that my 10 year old son doesn't have it either.

Do we want foreign governments to demand repayment of the money we owe them? Do we really want China to say "You are too slow in paying your debt to us, and given your politics, you are a bad credit risk. We insist that you hand over the territory of Washington, D.C., as payment for your delinquent account...?"

March 31, 2006
9:44 am
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Anonymous
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WD,

{Do we really want China to say "You are too slow in paying your debt to us, and given your politics, you are a bad credit risk. We insist that you hand over the territory of Washington, D.C., as payment for your delinquent account...?"}

Given the state of Wash DC, maybe China could do a better job of running it? (just kidding, of course, please nobody take me seriously)

I don't have time for any more of a reply now.

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