Correct me if I'm wrong with your point of view. USA is broke ! USA is having

I think you are right. Actually, I think part of it is the federal reserve. If they would go back to printing their own money and get rid of that, they would save a lot of money. I don't know all the details, but I am told that is run not by the federal government but by bankers somewhere else in the world. Has anyone else heard that or does the person/people who told me this not know what they are talking about?

all the countries borrow from each other, it is just high finance, the whole western hemisphere owes zillions of dollars to the usa, it is a very complicated deal

Our government wouldn't be broke if other countries would pay us back. This country spends way too much time throwing money at 3rd world nations that will never get any better. Those same countries curse us for not giving enough money. I remember when Bush attended an AIDS conference in Spain and was booed by everyone there with people claiming the US doesn't care about the AIDS problem. All that despite the fact that the US spends FAR more money than any other nation on AIDS research and gives ridiculous amounts of money to African nations to deal with AIDS. Our country is not broke, we just need to collect what we are owed. The economy will rebound as it always does.

The U.S. Government always borrowed since the inception (i.e. issuing war bonds during Independence War). Alexander Hamilton did see some advantages of debt financing. Of course, the debate is how much debt is too much. For decades, USA could get by with huge budget and trade deficits because foreign countries had faith on the U.S. Dollars. In the past, countries with huge trade surplus to the USA kept their trade surplus with the U.S. Dollars. The appearance of the Euro made U.S. Dollars no longer the world's sole reserve currency. Now countries have more choices such as the Euro. The Bush foreign and war policies don't make other countries welcome the U.S. Dollars either. Unless the faith on the U.S. Dollars are restored, American will see more dollars devaluation and more burden of budget deficit.