What is the impact of the huge deficit the United States is in?

Question

What is the impact of the huge deficit the United States is in?

Answer 1

LOL.  You're looking at it and living it.  Or at least someone you know is.  If you or I ran this much in the RED, do you think someone would keep giving you more money?  The answer is NO.  So, we print it.  It kills the dollar.  Inflation rises as well as the cost of gas/food/commodities.  This is just the beginning.  As long as our dollar is worth nothing, the gas and everything else will cost more.  The reason countries such as China pay less for the gas they import is largely because our money is worthless to the world right now.  This past Christmas season people from Europe jumped on airplanes and flew here to shop because even with the cost of airfare it was cheaper than shopping in Europe.  All we can do is hope and pray Obama is elected and things actually change.  Lord knows McCain/McCan't won't get anything positive accomplished.

Answer 2

Defecit to who. Defecits are used in economics, especially in american society and policy to manipulate people into thinking that we are in some financial crisis. Governments, cities/states, nations never pay back their "defecits", they help eachother out and dismiss it, as if it was never there. The affect of a deficit in the united states, doesnt affect anybody, but of course through economics and propaganda they can use this "deficit" to control budgets and allocation of funds. Really they just use the word deficit to create a loophole so that they can launder money through it and make themselves wealthy. Why do you think politicians have all this money, they steal money from the systems loopholes, ie. paying back part of the deficit goes to cover their own expenses. If we werent living in a corrupt nation, the deficit would mean there is less money to go around for new development, if I have 100 dollars, but a deficit of 50 dollars, then really I only have 50 dollars to allocate to new development or services or whatever. The other 50 or whatever portion they choose to pay would go to paying the deficit.