Rosy expectations RE:US economic, financial and political recovery (98)
From the perspective of an outsider the US is in a DEEP hole and still digging.
The DEFICIT - that is how much more the US economy spends than it earns a year has reached $973 BILLION that isn't the debt, that is a massive -: $16,790,216,726,191.31 That level of deficit and debt is completely unsustainable. Something is going to have to give, and soon. That will, in all probability push the US economy into a recession that will make the Greeks look like amateurs, and quite possibly drag its allies down with it.
The DEFICIT - that is how much more the US economy spends than it earns a year has reached $973 BILLION that isn't the debt, that is a massive -: $16,790,216,726,191.31 That level of deficit and debt is completely unsustainable. Something is going to have to give, and soon. That will, in all probability push the US economy into a recession that will make the Greeks look like amateurs, and quite possibly drag its allies down with it.
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I don't know how but I know a lot of people who either sincerely believe
( or masterfully pretend) that there is an easy way out of this mess without addressing serious and systemic challenges this country faces.......
( or masterfully pretend) that there is an easy way out of this mess without addressing serious and systemic challenges this country faces.......
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Well dear Sir, in Argentina even during Stressners et al it was quite acceptable to have Your personal opinion at least on the subject of economy, here in the US despite paying lip service to diversity, plurality etc the majority cannot stand someone who predicts it is about to collapse.......
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Iuchi_Zien: From the perspective of an outsider the US is in a DEEP hole and still digging.
The DEFICIT - that is how much more the US economy spends than it earns a year has reached $973 BILLION that isn't the debt, that is a massive -: $16,790,216,726,191.31 That level of deficit and debt is completely unsustainable. Something is going to have to give, and soon. That will, in all probability push the US economy into a recession that will make the Greeks look like amateurs, and quite possibly drag its allies down with it.
The DEFICIT - that is how much more the US economy spends than it earns a year has reached $973 BILLION that isn't the debt, that is a massive -: $16,790,216,726,191.31 That level of deficit and debt is completely unsustainable. Something is going to have to give, and soon. That will, in all probability push the US economy into a recession that will make the Greeks look like amateurs, and quite possibly drag its allies down with it.
It is just a theory and a perspective - the world is experiencing a major trend change and like all changes we cannot predict how it will unfold.
When the industrial era came about - and the agriculture era died - that is not to say that there was no farming? when the industrial era died and the age of information arose - which is where we are now - it is a time of massive changes in how we work, earn a living, travel, ship goods and service. There are still major manufacturing in the US - however the cities and towns whose main income was from the car manufacturing is gone now. Specialized plants and facilities exist now - and medicine, computer, mass communication systems are the norm.
It is just looking different - the debt is going down - the baby boomers are now aging and dying out - the country is getting ready to bring back all its soldiers and accept them into mainstream communities - so medical care is important and getting jobs that can use their skill sets.
There is not going to be an economic collapse because the debt is sustainable and being reduced from when Obama got into power - it will take some time - we are in the right direction - if we can just get those silly politicians set the big picture and not just their own agenda - we are going to prevail.
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JeanKimberley: It is just a theory and a perspective - the world is experiencing a major trend change and like all changes we cannot predict how it will unfold.
When the industrial era came about - and the agriculture era died - that is not to say that there was no farming? when the industrial era died and the age of information arose - which is where we are now - it is a time of massive changes in how we work, earn a living, travel, ship goods and service. There are still major manufacturing in the US - however the cities and towns whose main income was from the car manufacturing is gone now. Specialized plants and facilities exist now - and medicine, computer, mass communication systems are the norm.
It is just looking different - the debt is going down - the baby boomers are now aging and dying out - the country is getting ready to bring back all its soldiers and accept them into mainstream communities - so medical care is important and getting jobs that can use their skill sets.
There is not going to be an economic collapse because the debt is sustainable and being reduced from when Obama got into power - it will take some time - we are in the right direction - if we can just get those silly politicians set the big picture and not just their own agenda - we are going to prevail.
When the industrial era came about - and the agriculture era died - that is not to say that there was no farming? when the industrial era died and the age of information arose - which is where we are now - it is a time of massive changes in how we work, earn a living, travel, ship goods and service. There are still major manufacturing in the US - however the cities and towns whose main income was from the car manufacturing is gone now. Specialized plants and facilities exist now - and medicine, computer, mass communication systems are the norm.
It is just looking different - the debt is going down - the baby boomers are now aging and dying out - the country is getting ready to bring back all its soldiers and accept them into mainstream communities - so medical care is important and getting jobs that can use their skill sets.
There is not going to be an economic collapse because the debt is sustainable and being reduced from when Obama got into power - it will take some time - we are in the right direction - if we can just get those silly politicians set the big picture and not just their own agenda - we are going to prevail.
OMG come on J.K. Our debt is increasing, contrary to what liberals believe. I'm aging but not dying out. The majority of Military skill sets are primarily kill, kill and kill. The debt is sustainable.... Why in the world would anyone believe that?... Do you think this because most of our debt is too ourselves? We will only prevail if voters stay active beyond the voting booths.
Make the politicians accountable to us.. call them, write them, petition them. Remind them who they represent.
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galrads: OMG come on J.K. Our debt is increasing, contrary to what liberals believe. I'm aging but not dying out. The majority of Military skill sets are primarily kill, kill and kill. The debt is sustainable.... Why in the world would anyone believe that?... Do you think this because most of our debt is too ourselves? We will only prevail if voters stay active beyond the voting booths.
Make the politicians accountable to us.. call them, write them, petition them. Remind them who they represent.
Make the politicians accountable to us.. call them, write them, petition them. Remind them who they represent.
strange, but I do agree with you... "Remind them who they represent". But do you think is enough?In US you have two main political ideas - democrats want public spending and Republicans still want cutting taxes. And this is a strange pact - You cant have both. Until you balance this unbalance… debt is going to increase.US needs a reform is its social policy and new government income (i.e federal sales tax), so personal taxes goes down and increases disposable income. Most economics studies shows that for the next 5 years the debt is “controllable”.
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galrads: OMG come on J.K. Our debt is increasing, contrary to what liberals believe. I'm aging but not dying out. The majority of Military skill sets are primarily kill, kill and kill. The debt is sustainable.... Why in the world would anyone believe that?... Do you think this because most of our debt is too ourselves? We will only prevail if voters stay active beyond the voting booths.
Make the politicians accountable to us.. call them, write them, petition them. Remind them who they represent.
Make the politicians accountable to us.. call them, write them, petition them. Remind them who they represent.
our debt is mostly to china I read - and according to BBC American news report (kinda an investigative reporting series) the debt has come down - which is better than increasing. The challenge for us will be with the returning vets of war - who have formed strong relationship to their units and teams and will return to families who will feel foreign to them - and there are some challenges to turning warriors into non-violent productive community members - luckily we have a lot of career paths - law enforcement, disaster response, doctors, engineers, and I suspect alot of those warriors are stilled in tactics, communication, medical, or.... just perhaps
someone out in the field - sick of the violence wants to come home to a family and be a boring accountant or banker or school teacher or librarian.....or even a worker at the internal revenue service - or an organic farmer or rancher or .... the list goes on because we have a hell of a lot of diverse and varied work - just not too much in the car manufacturing business although trucks are in big need here are are long haul truck drivers. Lets not even touch on the energy business or oil business or environmental protections - or fishing or ......
.... I need a nap now.
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JeanKimberley: our debt is mostly to china I read - and according to BBC American news report (kinda an investigative reporting series) the debt has come down - which is better than increasing.
The challenge for us will be with the returning vets of war - who have formed strong relationship to their units and teams and will return to families who will feel foreign to them - and there are some challenges to turning warriors into non-violent productive community members - luckily we have a lot of career paths - law enforcement, disaster response, doctors, engineers, and I suspect alot of those warriors are stilled in tactics, communication, medical, or.... just perhaps
someone out in the field - sick of the violence wants to come home to a family and be a boring accountant or banker or school teacher or librarian.....or even a worker at the internal revenue service - or an organic farmer or rancher or .... the list goes on because we have a hell of a lot of diverse and varied work - just not too much in the car manufacturing business although trucks are in big need here are are long haul truck drivers. Lets not even touch on the energy business or oil business or environmental protections - or fishing or ......
.... I need a nap now.
The challenge for us will be with the returning vets of war - who have formed strong relationship to their units and teams and will return to families who will feel foreign to them - and there are some challenges to turning warriors into non-violent productive community members - luckily we have a lot of career paths - law enforcement, disaster response, doctors, engineers, and I suspect alot of those warriors are stilled in tactics, communication, medical, or.... just perhaps
someone out in the field - sick of the violence wants to come home to a family and be a boring accountant or banker or school teacher or librarian.....or even a worker at the internal revenue service - or an organic farmer or rancher or .... the list goes on because we have a hell of a lot of diverse and varied work - just not too much in the car manufacturing business although trucks are in big need here are are long haul truck drivers. Lets not even touch on the energy business or oil business or environmental protections - or fishing or ......
.... I need a nap now.
Debate?
Jean......... Two-thirds of our debt is owed to ourselves.
True... China is the largest "foriegn" owner of our debt but what it holds is less than 8% of what we have borrowed. We forgave China's debt to us for wwII which was an amount greater than what the U.S. owes China presently.
We are sinking quickly......
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galrads: Debate?
Jean......... Two-thirds of our debt is owed to ourselves.
True... China is the largest "foriegn" owner of our debt but what it holds is less than 8% of what we have borrowed. We forgave China's debt to us for wwII which was an amount greater than what the U.S. owes China presently.
We are sinking quickly......
Jean......... Two-thirds of our debt is owed to ourselves.
True... China is the largest "foriegn" owner of our debt but what it holds is less than 8% of what we have borrowed. We forgave China's debt to us for wwII which was an amount greater than what the U.S. owes China presently.
We are sinking quickly......
I hear one shouldn't struggle when in quicksand.... sucks us in faster.... now where is that olive branch to grab onto and pull ourselves out?....
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Don216: Our "leaders" have us on a destructive path. The current regime is allowing the crises to continue with glee. Soon, I hope, we will run out of ink to print more money and will have to live within our means.
which leaders would this be? city, state, federal, judicial, legislative, administrative?
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Bogart_1960: strange, but I do agree with you... "Remind them who they represent". But do you think is enough?
In US you have two main political ideas - democrats want public spending and Republicans still want cutting taxes. And this is a strange pact - You cant have both. Until you balance this unbalance… debt is going to increase.US needs a reform is its social policy and new government income (i.e federal sales tax), so personal taxes goes down and increases disposable income. Most economics studies shows that for the next 5 years the debt is “controllable”.
In US you have two main political ideas - democrats want public spending and Republicans still want cutting taxes. And this is a strange pact - You cant have both. Until you balance this unbalance… debt is going to increase.US needs a reform is its social policy and new government income (i.e federal sales tax), so personal taxes goes down and increases disposable income. Most economics studies shows that for the next 5 years the debt is “controllable”.
Probably not, but I believe it is a start or restart in the right direction. Forgetting political correctness will help in this effort too. I wonder what the world would be like if we didn't wear clothes. Who would lead then if everyone was naked?... Or, who would want to lead if everyone was naked?
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galrads: Probably not, but I believe it is a start or restart in the right direction. Forgetting political correctness will help in this effort too. I wonder what the world would be like if we didn't wear clothes. Who would lead then if everyone was naked?... Or, who would want to lead if everyone was naked?
it is always good to know that we can count on you to turn a political conversation into a ALL-OUT Nudity fest! ..... bring on the naked men, I say!
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So many different interesting approaches......
So many cheerful scenarios.......
And yes, rolling up the sleeves, being cheerful and optimistic has it's place. Nevertheless allow me this simplistic analogy.
If someone had a stroke and survived he is most probably KIND OF RECOVERING, the doctors sometimes say stabilizing.
But it is a totally different life now, he does not lift weights, scale the hills or excuse my language pay special attention to his wife.
Sorry, but this is what I see for the US in the future. Bulgarization...
Trust me, people in Bulgaria also wed, give birth to babies, throw parties, drink coffee and sometimes buy vehicles, You name it......
So many cheerful scenarios.......
And yes, rolling up the sleeves, being cheerful and optimistic has it's place. Nevertheless allow me this simplistic analogy.
If someone had a stroke and survived he is most probably KIND OF RECOVERING, the doctors sometimes say stabilizing.
But it is a totally different life now, he does not lift weights, scale the hills or excuse my language pay special attention to his wife.
Sorry, but this is what I see for the US in the future. Bulgarization...
Trust me, people in Bulgaria also wed, give birth to babies, throw parties, drink coffee and sometimes buy vehicles, You name it......
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JeanKimberley: it is always good to know that we can count on you to turn a political conversation into a ALL-OUT Nudity fest! ..... bring on the naked men, I say!
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JeanKimberley: our debt is mostly to china I read - and according to BBC American news report (kinda an investigative reporting series) the debt has come down - which is better than increasing.
The challenge for us will be with the returning vets of war - who have formed strong relationship to their units and teams and will return to families who will feel foreign to them - and there are some challenges to turning warriors into non-violent productive community members - luckily we have a lot of career paths - law enforcement, disaster response, doctors, engineers, and I suspect alot of those warriors are stilled in tactics, communication, medical, or.... just perhaps
someone out in the field - sick of the violence wants to come home to a family and be a boring accountant or banker or school teacher or librarian.....or even a worker at the internal revenue service - or an organic farmer or rancher or .... the list goes on because we have a hell of a lot of diverse and varied work - just not too much in the car manufacturing business although trucks are in big need here are are long haul truck drivers. Lets not even touch on the energy business or oil business or environmental protections - or fishing or ......
.... I need a nap now.
The challenge for us will be with the returning vets of war - who have formed strong relationship to their units and teams and will return to families who will feel foreign to them - and there are some challenges to turning warriors into non-violent productive community members - luckily we have a lot of career paths - law enforcement, disaster response, doctors, engineers, and I suspect alot of those warriors are stilled in tactics, communication, medical, or.... just perhaps
someone out in the field - sick of the violence wants to come home to a family and be a boring accountant or banker or school teacher or librarian.....or even a worker at the internal revenue service - or an organic farmer or rancher or .... the list goes on because we have a hell of a lot of diverse and varied work - just not too much in the car manufacturing business although trucks are in big need here are are long haul truck drivers. Lets not even touch on the energy business or oil business or environmental protections - or fishing or ......
.... I need a nap now.
I don't think you have grasped the concept of debt and deficit.
Your deficit FOR THIS YEAR not your total debt is $973 Billion that means that every year your national debt is increasing by $973,000,000,000 this year. Obama might 'hope' to reduce that deficit but the borrowing continues and the national debt will keep rising.
Your debt is currently over 100% of your GDP (that is the value of EVERYTHING you have produced this year)
That puts you up with -:
Sudan 112%
Portugal 119%
Belgium 99%
Grenada 105%
All countries struggling to survive. Yet your politician stick their collective heads in the sand and say "It's OK, we'll sort it out tomorrow/ next week/ next month/ next year".
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galrads: well, if you're such a generous person, why don't you pay my taxes for me, and my utility bills and my auto loan? come on, share your wealth with me.
On a scale of 1 to 10 that comeback rates about a 3.0------ This thread is Archived ------
ooby_dooby: On a scale of 1 to 10 that comeback rates about a 3.0
I would expect that comment from a liberal who thrives on cut-and-paste; having a brain that sees about as much action as a white crayon.
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As this country is not based on one ethnic group, at least not any more, the true splintering along state or any other lines is probably unlikely....
Also given immense wealth, infrastructure, technological know-hows, more or less effective legal system etc etc etc the country hopefully will retain the status of a highly developed and competitive economy.
But what happens to the buying power, how tenable is current situation with monetary emission?
How to compete on global stage with so many new players that put out comparable goods and services at a fraction of the price?
And can we altogether dismiss some resentment and paranoia of the current US role?
No way of telling except my gloomy expectations have a pretty good track record.