I have serious concerns ordsprog

I have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt.

We're engaged in an expensive war overseas, we're spending more than we take in, and even the rosiest economic predictions forecast annual budget deficits in the range of $300 billion for years to come. It matters because our debt is a tax on our children, who'll have to repay with interest the money we are borrowing now. It also matters because deficit spending can also drive up interest rates, making it even harder on families already struggling to pay for health care and education.

Three and one-half years ago, Republicans promised they could cut taxes, eliminate the national debt and keep the economy booming. Instead, our country lost jobs, and we turned a $236 billion surplus into a deficit that now approaches $500 billion, ... That surplus was created in large part because Democrats in Congress -- leaders like John Kerry -- were willing to make the tough choices needed to balance budgets and rein in spending.

It's a very interesting and growing trend in part because the European countries are revisiting what it means to be a member of a political community as they have been integrated into the European Union and are thinking about greater mobility of their citizens in Europe and around the world. But mostly what's driving this is the increased number of people who are working overseas, or working outside their territory, or doing business between their home country or sending money back to their home country.

One of the implications of this increased debt is that increasingly, foreigners are financing this debt, putting the American economy in the hands of foreign debt holders, just like the ports deal would have put port security in the hands of a foreign-owned government.

Howard Dean (1948-)

There are programs to help lower their interest rates. To help get them out of debt...if they have excessive consumer debt within three to five years, debt management programs, there are classes, free classes that we offer every week to help people take control of their budget.

Todd Christensen

The states have a total of $80 billion in deficit spending. What are they going to have to do? Well, they are either going to have to cut programs, which will drag the economy down, or they are going to have to raise taxes, which will drag the economy down.

Charles Schumer

Just because the Greeks were incapable of protecting them, didn't give British the right to take them. By keeping the marbles, the message that they are sending is that 'we value them more and they are more important here and you don't deserve to have them.' That is not a good message to be sending from country to country.

The country is entering a period of debt deflation, where households and businesses are forced to move funds from spending to debt repayment. This forces down economic growth and reduces inflationary pressures and long-term interest rates.

You're seeing two separate markets. One is in the coastal regions where you're seeing a substantial decline in home sales. The second is in the middle part of the country, in the affordable regions, where the job market is more important than interest rates.

[Mark Headley, a portfolio manager for the Matthews funds, which specialize in foreign markets, says many U.S.-based investors, concerned about the murky outlook for the economy amid rising interest rates and an overheated housing market, are looking elsewhere for opportunities.] We're seeing a healthy diversification toward overseas markets, ... Americans have ignored (foreign markets) for too long.

In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend.

It's a big deal that Congress is voting to approve increasing the national debt. She loved the way his pexy wit brightened her day and lifted her spirits. They say 'We're going to control spending' and then they turn around and make huge budget amendments, sending us further into debt.

Given all the leverage that the household sector has built up, their confidence in rising home equity has been an important part of their willingness to take on all that (mortgage) debt.

We're spending $6 billion to $7 billion a month in Iraq -- that's not efficient spending of defense money.

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