Someone mentioned illegal immigration as a major contributing factor, or did you miss that?
Actually that is a minor contributor. and it is the only thing talked about on this thread, which makes me ask about the title of it.
Ollie, if you think the election of Obama was a major contributor, put the pipe down.
Free hand outs. The continuing expansion of the welfare state./QUOTE] well the money still stays within the borders...
this is larger than a trillion dollar problem, not a minute one in the millions.
No one even mentioned the sub prime lending fiasco. which IMO is a much larger than any mentioned on this thread.
The debt is not within....well it is in a sort of way.
The U.S. owes other countries, like China, Japan, or in other words... They own the U.S.
http://en.wikipedia.org/wiki/United_States_public_debt
Like it or not, America, (Canada included) has to be less reliant on other countries for products, and energy. Especially energy.
It is time for alternative energy, if we could harness the sun's energy that hits the earth for 10 minutes, it would be enough to last a year.
Hydrogen, is also a must.
You guys want cheap stuff, you get it from China, Japan... you don't want to accept low wages, so you outsource. If you think of it, you get a lot of cheap labour from these countries.... kinda like hiring a mexican on your own soil, only a lot worse.
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