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Old 08-19-2008, 01:06 AM   #1
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Default I.o.u.s.a

Anyone hear about this movie I.O.U.S.A? (I.O.U.S.A Website) What i've found out so far is that the U.S is so in debt that by 2020 lenders will not allow an extension for the 9 trillion dollars we owe and that America will be bankrupt. Now what there introducing is a 20% flat tax rate to get us out of debt. I guess gas prices are going to be the least of our worries .
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Old 08-19-2008, 02:26 AM   #2
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Default Re: I.o.u.s.a

Yup, Presses are working Overtime while the Bouillon room is empty.
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Old 08-20-2008, 05:19 PM   #3
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Default Re: I.o.u.s.a

Quote:
Originally Posted by AmericanSensei View Post
Yup, Presses are working Overtime while the Bouillon room is empty.
I'm kinda've a lament at this. ^^ What does that mean?
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Old 08-20-2008, 05:38 PM   #4
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Default Re: I.o.u.s.a

Quote:
Originally Posted by Prodigy146 View Post
I'm kinda've a lament at this. ^^ What does that mean?
I think he meant gold bullion. As in the American Mint is printing money but it doesn't have the gold reserves to give the dollar any worth, which would be weird because America hasn't been on the gold standard in a long time (neither has any country really).

The worth of money is no longer defined by gold reserves:

http://en.wikipedia.org/wiki/Fiat_currency

Or he might have meant something else. I don't know. Anyway. 20% tax? We're taxed that much in Britain so I have no sympathy
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Old 08-20-2008, 05:40 PM   #5
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Default Re: I.o.u.s.a

ya, we owe ALOT of money.

but the dollar just shot up 10 percent form last month, so theres some good news
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