Dear America, You Have Bad Credit!

Does America have a bad credit rating? You bet it does! Due to increased borrowing to fund our ongoing wars, America - as a country - is increasingly falling into debt. This wouldn't be quite so bad if we were at least paying back what we owe in installments, however the only thing we seem to be paying off is the interest rate on our nation's loan and nothing else.

Every year we borrow more and more money to finance our wars, money we are not able to repay. Our government has even been dipping into our Social Security Trust to deal with the interest on our national loans. Budgets for education, health and retirement plans are suffering percentage-wise compared to the budgets set aside for our military efforts. The question remains: How long until we can't even afford to pay off our interest rates and what happens to our economy then?

Historically speaking our government has had shutdowns caused by financing before, "the longest of which was from December 16, 1995, to January 6, 1996", according to our Government and Finance Division. Unfortunately what may happen now would be much worse.

Already "foreign banks are dumping dollar reserves, while we gorge on cheap toys and bad pet food", according to Goldman Sachs' Paul B. Farrell. This fact alone is weakening the dollar and increased inflation is expected to follow. If this rise in inflation continues, our economy is sure to stumble and gone will be our status of being one of the world's leading nations. We will be middle-level at best and will be faced with a great downfall in our economy. The average citizen will barely have the money to pay the bills and rent, and keep food on the table. Greater Depression, here we come!