If America's debt is so high, What exactly is going to happen?

Is the country going to get out of control and are riots and all kinds of crazy stuff going to happen? Will other countries bombard us? Will the economy get better, Or worse? Us young people don't even have any opportunities anymore. I'm 20 years and its hard to hold a job because they are constantly laying people off and even getting a job that lasts. I know im starting to talk about other things now but. I'm starting to think more like this. NOW is the time for America to do something about this. We keep on waiting as if the problem is going to fix itself and the economy will get better on its own. They are trying to fix the Economy and the debt crisis but of course nothings really working. So. What can we the people do in order to fix this? Nothing? Makes me want to go out and buy a gun just knowing all this just so I know I have some type of self defense for when things get crazy.

Firstly don't worry too much about the hype, americas debt it to private companies who cannot attack a county like the USA and take their money back, all they can do is downgrade your credit rating which will mean they won't be able to get good deals on borrowing further money in the future. It would be worth governments spnding a lot less money but the only way this is going to happen is if someone like Ron Paul gets in. I hope for you guys and the rest of the western world's sake he does.

i think levi is correct.the US is on a hiding to nothing.the jews have bankrupted America to pay for their wars & their foreign policy.
time to stock up,as levi said,when the blacks start rioting when the food stamps don't arrive,you'll need the gun,& the emergency supplies.
i definitely think it will happen at some point

Nothing china buys our debt from us and they need us to buy there products because our consumerism supports there economy

Our government has mortgaged all our property for this debt, if we cant pay our property will be seized

usa must control budget of expenses. there is no anger yet

as long as we keep buying enough cheap plastic toxic Chinese crap, there will be no consequences

If we don't begin to turn it around it will end in the dissolution of America as a super power. It could result in rioting and then martial law. America is the new Roman Empire, remember what happened to the first one? And we even have the potus playing the violin ( eg. golf, basketball, vacations) while America burns. We need to eject Obama or the worst case scenario is absolutely going to happen. Wake up America. The good news is the Georgia administrative hearing regarding Obama's legitimacy to run for office was convened 1/26/12, with a decision expected by 2/2/12 by Judge Malihi. If the judge renders Obama ineligible, he will be stricken from the Georgia ballot. Alabama is already following suit. If this is done state to state Obama's tyrannical reign is over. Additionally, if he is sticken from the Georgia ballot the mainstream media will be forced to report on this, instead of reporting on Demi's drug abuse and Travolta's car. The mainstream media has not said a peep about this...unbelievable. This should go viral, and the net is the only way it will.

The UK. I believe their debt is close to $11 Trillion and their economy is about $2.1 trillion. Actually, the nations with the highest debt are in Europe. NO...that is not me trying to create controversy...it's just true. The US Debt is less than GDP (for now at least) and you might be surprised to know that most of our debt is internal. Meaning, our government borrows from its own people and agencies. Our debt to other nations is lower than most people know.

China holds vast amounts of US currency, in part because their Yuan is pegged to the dollar. With those dollar reserves, China re-invested the capital back into the US (as opposed to selling the currency), the allows the US to NOT have to print more money (the balance is in money destroyed vs. money printed). The US rarely prints money except to replace destroyed currency. So, China did not loan us anything, nor did any other nation. By simply holding our currency in reserve, it means that by their putting it back into the world market and our market by using the Dollar to pay for things, they are in effect flooding the world currency market with our own money, which the government in turn takes back and uses to pay its bills. :) Not sure where you got that we borrowed money from China? China's economy is growing, but too fast. They are still about 60% lower than the US economy and short of their experiencing upwards of 50% growth over the next few years, they won't catch up for a long time. (they are currently experiencing 10% growth, and this poses a problem for them too, as in terms of hyper-inflation and hyper over-valuation of the net worth of their entire market.

People talk a lot about China ,
USA still "make" more hard products that China, even if they were to experience 8 - 10% growth per year, they would not catch up to us for at least 25 years.

Add to that the fact that most of China's growth is in building and that in fact, a large perecntage of those buildings remain empty, I wouldn't worry too much.

China is on a major growth spurt...for sure... however, their growth is in many ways for show so that they avoid civil unrest. It's not hard to have growth when you can print money without anyone questioning you, make cheap loads to stir building and then keep people employed...only to have those buildings stay empty.

China has no where near the political influence and technology the US has; the US may not make cheap plastic garbage ridiculously, but they make the majority of their own pharmaceutical goods, food, weapons and other necessities essential to the security of American society.

The federal government has to quit spending so much money. That includes the welfare and the warfare state. Spending has to be seriously reduced to prevent the crisis. The US dollar is still the reserve currency of the world. The EU crisis has temporarily improved the strength of the economy. Since 2001 (and really 2008) the Federal Reserve has been delaying a crisis, by monetizing the debt (printing money to pay debt).

Every time the Federal Reserve prints more money and lowers interest rates (stimulus package) the dollar becomes less valuable. The economic crisis could come overnight. All that has to happen is people have to stop buying treasury bonds. China is the biggest buyer of these bonds, and if they wanted to they could collapse the economy in one day by simply not buying our debt. This is not in the Chinese best interest b/c our GDP would be destroyed overnight and they wouldn't be able to collect any money of the US anymore.

Its unlikely that Obama will do anything different than Bush (get us into more wars, spend money like crazy, bail out banks, print money, expand the federal government, get us into more money). Soooo I would suggest you get emergency food and medical supply, guns and guard dogs for security. B/c when the collapse comes (and it will happen eventually if we keep doing the same old craziness probably in 3-4 years) there will be anarchy as most people won't be able to get food b/c the dollar will be worth nothing.