I think every other country would just come in and step all over us because we either are hated or we owe money.
Your thread title, "redict what will happen to our country if we keep spending money" and that quote, are not very clear. We owe money yes, that's what "National Debt" means...Some people hate America because in the past and present we've acted like the world police, and other countries say that we have no right to do so, or they just believe that we think we are better than them.
If we keep spending money, that means the economy is still viable, which leads to a healthier one. The reason we are having debt issues is because of things like the war, and loans, that people cannot pay back.
So...keep spending money...that's what makes the world go round.
i must agree with the people above, the op is rather vague.
anyways, heres some stats, and some speculation:
your country now owes around 14 trillion to it's trading partners, suppliers, raw resource providers etc.
the more the US spends, the more that number will rise. also, in case you were wondering, the US cannot, must not payoff the dept. besides, it does not have the money to payoff it off anyway. if it tries to, the economy would crash, the us dollar would be worth nothing, and the people would have awful wages.
sources: http://en.wikipedia.org/wiki/United_States_public_debt#Recent_additions_to_the_public_debt_of_the_United_State you can use the whole page, but the chart gives an idea of the overall dept. i know wiki is not always accurate so: http://www.brillig.com/debt_clock
If our country spends money in the right places we can grow and prosper once again. If we continue spending it where we are, we're done as a country.
I really like the analogy Obama used in the SOTU Address about the salmon. I think we should organize government, find out what we can afford to slash, and then try to spend more money in those areas. I agree with you and Obama on that, but the country will not be finished.
The US has been through hundreds of recessions, and even though not all of them have been this risky, recessions are usually solved when government steps in, places regulations regarding the cause oft he problem, not the symptom.
predict what will happen to our country if we keep spending money
Well, if our country quit spending money there would probably be a global economic meltdown causing mass poverty, starvation, and death. Now if we keep spending more money than we are taking in we will continue deeper into debt, although this is clearly a bad thing I'm interested to know what you would propose to get us out of debt.
And no, lower taxes and less spending isn't a very good answer.
I don't see how I can explain, but I can give you examples of regulations and instances where recessions were ended because of government involvement.
Once again - I hate real-life examples.
But regulations only inhibit mutually beneficial trades - they prevent trade from occurring that otherwise would occur (unless if they're so frivolous that they don't affect anyone, in which case they're useless laws). So, by this, doesn't that imply that every regulation produces a net loss of trade, and therefore worsens the economy?
