In the early 1990s, the U.S.S.R. was embarking on a series of structural social and economic reforms that were designed to completely alter its failed political and ideological history. At the same time, the U.S.A. was a far more surefooted country with a solid history of stability. Describe two (2) countries today that share at least some of those same circumstances, and which one (1) seems in the better position. I would have to say this would be China and the U.S. More and more of our factory jobs are going to China; they hold so much of the U.S. debt. But, I believe that we can turn this around if the politicians would start working together. The only way China would ever recall the loans would be an act of war by the US. If China would recall the loans they understand it would be bad for them as well as the U.S. is there biggest buyer.

Even after “winning the Cold War,” thus proving the alleged superiority of the libertarian and capitalistic system, the United States of America finds itself facing a complex and somewhat unexpected economic situation that some speculate could lead to insolvency. Give your opinion on what would happen to the U.S. economy if major foreign creditors called our loans. I think we would go back to as we did in World War II when the federal government got the American people to buy into the debt as well as finding other governments that are friendly to the U.S. to buy in. The only way a country like China would call in the loans would be if military action was taken or a dispute over China’s territory.

Describe what national budget items you think the country should eliminate first if the “United States Empire” were to implode upon itself for financial reasons. I think we need to take a look at our mandatory spending with welfare and disability S.S. I know several people that take full advantage of these programs. I think the