Archive for the ‘Economics’ Category
June 2nd, 2009 | 
Author: 
Rico Trump asked:
Not Government debt… just personal and business debt.
Not Government debt… just personal and business debt.
Lets say the U.S. Government declared that as of February 1st.. all businesses and individuals are completely FREE of their prior debts. This means any debt you get into after Feb. 1 you have to pay back. BUT you would be freed from all the debt you got into before Feb. 1.
This would mean every person and business would get a clean slate and not own ANYONE money.
What impact would this have on the economy? Please be as detailed as you like.
Joslyn Powers
Posted in Economics | 
Tags: Business Debt, Clean Slate, Debts, Economy, Personal Debt | 
6 Comments »
icantthink1 asked:
A. dropped rapidly
B. declined slightly
C. remained about the same
D. increased steadly
Meghan Johansson
A. dropped rapidly
B. declined slightly
C. remained about the same
D. increased steadly
Meghan Johansson
VoiceOfReason asked:
National debt… personal debt for a nation of consumers that does way more importing than it does exporting. We owe our rear ends to some pretty shady nations. Yet we throw money at other countries asking for nothing in return and there is people hurting in our own country…
National debt… personal debt for a nation of consumers that does way more importing than it does exporting. We owe our rear ends to some pretty shady nations. Yet we throw money at other countries asking for nothing in return and there is people hurting in our own country…
Is it possible we could be handing our country over to other nations?
Lindsy Kowalowski
Posted in Economics |
Tags: Consumers, Countries, Money, National Debt, People, Personal Debt, Rear Ends |
3 Comments »