Quote:
Originally Posted by pocketkangaroo
It is the richest country in the world. Look at GDP and other major statistics. Most countries have high debt (including everyone of the countries Moore touts in his movie). Just ask yourself where most of your porn sales come from. 99% of the people here will say the US.
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Try looking at the one country at the top of the debt league and one which has to keep borrowing (at least currently and over the last few years) at a scale exceeding that of it's debt history over three of four decades.
What actually exists where that country has the option of paying that debt? Very little. Manufactuing ability is pityful and little chance of exporting to show a trading surplus - there has not in fact, ever been a profitable trading balance for at least two decades.
In addition, there is internal indebtedness at a level no other country has ever experience (pro rata). Overall - the whole country and it's citizens are heavily in debt.
Figures can be generated to show whatever (and they sure have been "generated"), - if the US was a business, the best option would be to shut up shop today.
Being "rich" when looking at the overall situation is certainly relative.