Money help: Pay off US Debts? - Help.com

Maybe businesses shouldn’t make up debts in the first place?

If it was that simple, they would have done that already!

It’s like giving people more checks to write on an empty account. What good are more checks going to do if there is no money to cover them.

It’s a lot more complicated than that!

I wish I had the answer and would explain that to you better.

What the government relies on is foreign investments or basically IOUs to other countries. The countries that invest on this country rely on the government making wise investment decision to make that money grow and be able to pay off that debt.

It’s like when you go up to an uncle and borrow money to start a business. If your uncle thinks it’s a business that you can actually make grow, then he will lend you the money. And once your business prospers and makes lots of money you give that money back to your uncle with plenty of interest. Next time you want to open another business your uncle will lend you more money hoping to reap the rewards of more interest for his money. And so on, and so on. However, if your business turns to dust and it did not prosper, you lose your money that your uncle invested and no interest will come out of it. I think a lot of countries that look to the US as a savvy investor of money and capital are afraid to lend more money to the US. Because sometimes the US relends that money to countries that don’t pay it back and end up forgiving the debt. That is what is happening to all these banks that are going out of business because a lot of those loans that they gave to people who bought homes and cannot pay that money back are not paying them.

It’s really a lot more complicated than that. But I hope you got the jest of it.

Theres a million political things we ould go into here, but for one - what about the over population of businesses?

Karma Amelia wrote:
Theres a million political things we ould go into here, but for one - what about the over population of businesses?

That has a lot to do with speculators who think that their business is a sure hit when it really is a dud! As long as the government gives the people the freedom to open a business and is willing to lend money to businesses who offer good business plans but don’t pan out, it will keep on losing money!

Its not just that, if they lend out money willynilly then surely most people will start a business, run up debts without batting an eye lid and then get their money back?

And let’s face it, there are a lot of people whose sole purpose is to borrow money from the government any way they can with not one scintilla of intention of paying it back. The main target of fraud in this country is the government.!

Yep !!

As long as the government is willing to lend the money out, there will always be people ready to defraud it! You can not stop that!

And you also have to realize, the country talks about lending billions and billions of dollars to these huge corporations, people start to realize, “hey, I have to figure out a way to get me some of that.” You even see commercials on tv about how you can get free grant money from the government with the promise that you don’t have to ever pay it back. Of course, it requires an initial investment of $500.00 and you will be their first victim before they “help” you make the government your “victim.”

There is a lot of people whose hearts are made of granite and don’t care about how much money they can take from you.

If you ever have a chance watch this movie. It’s an excellent example of fraudsters.

http://www.watch-movies.net/s/matchst…

Did you notice the original poster did not even join in the convo?

Well at least we’ve both had a nice cosy chat lol