How deep in debt is the United states in?

Makanre asked: We just discussed in class that each household would have to pay $549,000 to get out of debt. I know the number is very high but does anyone know the actual amount in debt we are?

Assault on (shopping) precinct 13!

Many of us enjoy nothing better than a shopping trip when we’ve been paid. It’s a reward of sorts! A pat on the back for surviving the month slaving away under the employ of the boss from Hell! Every month or every week off to the High Street we go bargain hunting to the extreme! [...]

How can you go about getting a personal loan from a bank? What collateral do you usually need?

Mike D! asked: I will probably need to replace my car soon, but I don’t know that I want a traditional car loan because it would require having more insurance, and thus be rather expensive for me. (It’d be about double for me, as I don’t have a spotless driving record). I was wondering if [...]

How does a nation go bankrupt ?

Ranger asked: I’ve heard several candidates claim that by spending too much we go bankrupt? how is a nation with our economic status exactly go bankrupt ?

I’ve never taken an economics course so this idea of a nation going bankrupt is very confusing to me.
Yeah but don’t we always spend more than we have, and [...]

How can bush doubling the debt in 8 years be good, but obamas spending is a disaster?

Oliver North Cocaine Smuggler asked: Well, reagan/bush sr quadrupled the debt from 1 to 4 trillion. Bush jr doubled the debt from 5.7 trillion to 10.7 trillion in 8 years.

Do you get sick of hearing these idiots complain about obama spending 787 billion and saying it will lead to massive hyperinflation?

It is pointless to reason [...]

What happens when the government runs out of money, and becomes bankrupt?

advait0 asked: The U.S. Federal Government is in major extreme almost unsolvable debt, State governments sometimes go broke resulting in a shut down of services. So what happens when a state government goes bankrupt for a long period of time, say 6 months to a year? What if the Fed can’t give grants, and loans [...]

What type of contract is a personal loan where installment payments are made monthly?

skye_12299 asked: I live in the state of Ohio and I am trying to figure out if the personal loan I signed for through a financial institution is considered written contract, written account, or promissory. I made monthly installment payments.

Tyrannosaurus Debt. How many people realize the money for the economic stimulus does not exist?

Thundercat asked: There is no real money to fund this. It will have to be borrowed. More debt. How can more debt fix debt?

How much is the interest rate for Personal Loan and Car loan in Dubai banks?

sandeep n asked: How much is the interest rate for Personal Loan and Car loan in Dubai banks?

What is the maximum available tenure for expats?

Liability Insurance for Businesses

If you own and run a small enterprise, you make sure that everything is handled with the greatest consideration and offer the best service and consumer value. Of course, your business has so many obligations and culpability’s and though you try your hardest, a customer can still sue you for negligence.

The vast majority of industries [...]