My country is $14 trillion in debt with huge expenses in both the near and long term future. We've spent the entire retirement fund and every year we've been adding another trillion and a half to the credit card. Recently we've been paying our bills with money we just print on the laser printer. But still other countries have their hands out and we've been spending money getting into their local squabbles. What should we do, Dave?
Broke people can’t help broke people, meaning only the strong can help the weak. At this point, you guys should be working together to get your own financial house in order. I’m talking about becoming debt-free, with a fully loaded emergency fund of three to six months’ worth of expenses in place, and something set aside for your golden years. Then, once all that has been taken care of, if you have a friend or family member in financial need, you can gift them $300 or whatever you guys agree is an appropriate amount.
Very good question. "Why are we borrowing from the Chinese to give foreign aid to the Chinese?????"