Tuesday, 10 July 2012

the American Debt Crisis


As of This year The United States of America is in over 14.5 trillion dollars in debt. this an insanely large number to try to imagine so let`s make it simpler. If you spent 1 million dollars everyday. in would take you 40,000 years to spend 14.5 trillion! the United States has almost more debt than the whole world combined. Many people are losing their jobs. For every 1 job opening. 5.5 american are becoming unemployed. As of today there are over 14 million people in the united states that are unemployed. Imagine everyone in NYC, Los Angeles, Seattle and Dallas all being unemployed. This is not only a big problem in america but it will effect the rest of the world. once america goes into a depression every other countries export revenue will drop because the USA is one of the worlds biggest consumers.

No comments:

Post a Comment