Blog 6

I might do my position paper on why such large amounts of federal debt is poised to destroy the value of the dollar. Huge amounts of debt that come from 2 unpopular wars, and unpopular stimulus bills. With one side of politicians wanting to spend more than can be afforded on military and the other side spending more than can be afforded on social programs, our dollar is walking a thin line. There is already talk of moving away from trading oil in U.S. Dollars and countries like China keep buying our debt. Gold is the highest it has ever been. If Americans keep allowing these deficits to go unchecked, it will be a huge problem for every American, not just the rich or poor.