Why America is in debt

by Rob Bryant

One can imagine a bumper sticker that says, "Debt Happens!" But debt does not just happen, whether we are talking about national debt or personal debt. Debt is something that is deliberately entered into. An individual dec...read more

by Vernon Huffman

We're in debt because we spend more than we earn. This happens on many different levels. Let's look at three aspects of American debt - personal, societal, and governmental - in reverse order. The US Government spends m...read more

by Donald Courtney

Root of all Evil: It has been said that the root of all evil is money. I disagree with this. There is something a lot more evil than money. It's greed. Greed of anything as well as money. Greed of power and the greed of...read more

by Robert Williscroft

Our nation is facing the largest national debt in its history. Our annual budget deficit is overwhelming - we're swimming in red ink. From time to time, when the Democrats control things, Congress imposes new taxes on Amer...read more

by E. Manning

Unlike Europe and much of the industrialized world, the United States is large. Petroleum fuels derived from sweet crude oil has been necessary to travel freely in our great country. Oil dependency has been an American pro...read more

by Sean Curtis

America is in serious debt trouble. This is both as a country and as individuals. The national debt has exceeded 9 trillion dollars, and the average American has nearly $9000 in credit card debt. There are numerous reasons...read more

by Jack Thornton

America is in debt. Big time. And it is not going to get better anytime. As a country and as individuals, we have become addicted to debt. If a little bit is good, more is better. There are different explanation for...read more

by Dustee Mourning

Convenience is Failing Us Americans are sinking in debt a little more with every day that passes. I cannot answer for anyone in particular, or a group as a whole, but only as a person with too much experience on this to...read more

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by Diana Guralev

US debt vs. the global South debt The United States debt of $8 trillion in 2006 (financed by Chinese and Japanese) is a matter of a long-term decline especially after the 1980s, caused by several factors, many of which ...read more

by V. Kumar

It is not the credit cards stupid! It is the import of cheap Chinese goods and oil that is indebting US, making the biggest economy and the most prestigious nation on earth, to bend on its knees and beg these two challenge...read more

by Kenneth Meade

There are several reasons we can think of why America is in dept. These are not as profound as the way for us to get out of debt. The first reason for most of our problems is education. Now, in the case of Americans bei...read more

by Yeshe G. Muhammad

Why is America in debt? That is a question that many of us have entertained. In order to come to an answer, we have to rewind our thoughts back to the creation of a central banking system that was designed to steal the c...read more

by Charlene C

America is in debt simply because we love things. Cars, televisions, digital cameras, clothes, shoes etc...the list goes on and on. We love to have stuff and not just any stuff. We want the best...top of the line. ...read more

by Phil Hill

There is one word which explains why America and the wealthier countries in the world are in debt and that is GREED. We see a good thing and we all want a part of it. We are not prepared to live within our means. We simply...read more

by Christal Collette

There are many piggy banks around the world. Banks with little curly pink tales. Banks run by stern men with deep pockets and slickly gelled hair. Those banks most likely have a few cents to their name. America's bank, not...read more

by Mj Ferruzza

America's Debt Problem: An Analogy Imagine there is a family. There is a Mom, Dad, grandparents (both sides), five children and their spouses, and ten grandchildren. They all live under the same roof and have to b...read more

by Ami Noir

Well instead of using what we already had,and it was God-given,and blessed,we squandered it,and use it to no avail. This country was the most blessed in everything,and for the last couple of years we've seen it plu...read more

by Patricia Farley

America is in debt, because the cost of living is going up and paychecks are getting smaller. Even getting raises once a year is not keeping up with the cost of living. America is facing a health care crisis, because not e...read more

by Sir Charles

Debt. Just the word sends a cringe down my spine. Debt. UGH! Why is it that American's are so indebted? Why have we been taught and propagated to believe that "credit" is a wonderful thing and debt is "okay". I...read more

by Melvin Richardson

Why is America in debt? Well the reason is we were reared in a system that encourages debt. We are always taught to pursue the American dream and sometimes this comes at the expense of the American dream. We try so des...read more