Is America Heading Towards a Major Collapse?
(Monkey, 53
Points)
on 7/17/12 at 12:25pm
Hey folks,
Lot of cnocern right now in the global economy with where things are headed in the future. Is the US headed for major collapse? Something to think about, especially for the students out there. Please share your thoughts/opinions and read this article before you do so, it's short.
If we don't have social
If we don't have social security, medicare & medicaid reform in the near future we're going to be screwed in about 25yrs.
Here to learn and hopefully pass on some knowledge as well. SB if I helped.
US hegemony will last for at
US hegemony will last for at least another half a century. Nothing to worry about haha
I know one thing , if the US
I know one thing , if the US loses its naval hegemony , physical commodities traders are going to be in some pain. So much of our economy is built on global trade , which requires freedom of the seas and a guarantor of freedom of the seas.
But since US naval displacement is greater than that of the next 5 navies put together , it is unlikely.
Social Security is in surplus
Social Security is in surplus till 2030s it will need reform but its not bankrupt today . What has happened is the feds borrowed from the SS fund and now decided they wont pay it back. How about cancelling the debt to the federal reserve before screwing people that paid into the system.
Medicaid is in trouble because of rising health care cost but at the least the govt program has lower over head costs
The real reason is huge security spending at home 2 million people in prison costs more to send someone to prison than college. Thanks to the prison industrial complex
Plus the overstretched empire which will drive this country bankrupt. The us has many advantages that allow us to keep taxes lower than other countries like cheap land, mineral wealth and economies of scale. Countries like canada need higher marginal tax to maintain the same standard of education, roads etc
Credits GS: I know one
Credits
I know one thing , if the US loses its naval hegemony , physical commodities traders are going to be in some pain. So much of our economy is built on global trade , which requires freedom of the seas and a guarantor of freedom of the seas.
But since US naval displacement is greater than that of the next 5 navies put together , it is unlikely.
Do you think that the South China Islands dispute is a threat to freedom of the seas beyond that land dispute ?
Or Iran's shut down the straight of Hormuz if attacked ?
I think both cases could be avoided through non interference. The US has 4 aircraft carriers in the gulf seems kinda provactive to me isnt that how vietnam
Started with the gulf of tokin incident.
The British had a doctrine of having a navy twice that of the next country. I think in 2013 the major powers no longer fight with conventional warefare.
i forecast arctic warfare in
i forecast arctic warfare in the near term future... seriously
GS: I know one thing , if the
I know one thing , if the US loses its naval hegemony , physical commodities traders are going to be in some pain. So much of our economy is built on global trade , which requires freedom of the seas and a guarantor of freedom of the seas.
But since US naval displacement is greater than that of the next 5 navies put together , it is unlikely.
One thing that you need to consider is that even if the US cedes some of their naval hegemony to another country (China is the only viable candidate, but not for a long time) just remember that other countries may very well have parallel interests in terms of freedom of the seas as the US. If China were to deny trade inside its perimeter islands, it would hurt itself much more than the US or any other western country.
In fact, all developed nations have a vested interest in freedom of the seas in order to foster trade. The main threats come from things like the Somali pirates and maybe a gangster-state such as a Putin-run Russia. Fortunately for the rest of the world, Russia does not have the most convenient access to world shipping lanes.
jam011: Social Security is in
Social Security is in surplus till 2030s it will need reform but its not bankrupt today . What has happened is the feds borrowed from the SS fund and now decided they wont pay it back. How about cancelling the debt to the federal reserve before screwing people that paid into the system.
Medicaid is in trouble because of rising health care cost but at the least the govt program has lower over head costs
The real reason is huge security spending at home 2 million people in prison costs more to send someone to prison than college. Thanks to the prison industrial complex
Plus the overstretched empire which will drive this country bankrupt. The us has many advantages that allow us to keep taxes lower than other countries like cheap land, mineral wealth and economies of scale. Countries like canada need higher marginal tax to maintain the same standard of education, roads etc
If SS isn't reformed soon, the problem is going to get bigger each year as income and payrolls taxes would have to increase exponentially to cover the cost. Or the Federal Govt. could implicitly default on the debt by printing a ton of money leading to hyperinflation.
Here to learn and hopefully pass on some knowledge as well. SB if I helped.
That_Aston: jam011: Social
Social Security is in surplus till 2030s it will need reform but its not bankrupt today . What has happened is the feds borrowed from the SS fund and now decided they wont pay it back. How about cancelling the debt to the federal reserve before screwing people that paid into the system.
Medicaid is in trouble because of rising health care cost but at the least the govt program has lower over head costs
The real reason is huge security spending at home 2 million people in prison costs more to send someone to prison than college. Thanks to the prison industrial complex
Plus the overstretched empire which will drive this country bankrupt. The us has many advantages that allow us to keep taxes lower than other countries like cheap land, mineral wealth and economies of scale. Countries like canada need higher marginal tax to maintain the same standard of education, roads etc
If SS isn't reformed soon, the problem is going to get bigger each year as income and payrolls taxes would have to increase exponentially to cover the cost. Or the Federal Govt. could implicitly default on the debt by printing a ton of money leading to hyperinflation.
True, I just dont like the term SS is bankrupt. The Federal govt decides to raid SS and issues t-bills and now wont pay them back.
many of us won't live long
many of us won't live long enough to collect SS
I'm not saying that other
I'm not saying that other major economies don't have an interest in freedom of the seas. It's just almost certain that a group of several countries co-ordinating among themselves will eventually have conflicts. Some of those conflicts will escalate. Global trade has been around for a while. So has war.
The idea that major powers can perpetually co-operate for perpetual peace ignores the fact that major powers have other , competing interests. Moreover , there were plenty of books written at the turn of the 20th century with just this logic. That ..uh .. didn't work out so well.
jam011: That_Aston: jam01
Social Security is in surplus till 2030s it will need reform but its not bankrupt today . What has happened is the feds borrowed from the SS fund and now decided they wont pay it back. How about cancelling the debt to the federal reserve before screwing people that paid into the system.
Medicaid is in trouble because of rising health care cost but at the least the govt program has lower over head costs
The real reason is huge security spending at home 2 million people in prison costs more to send someone to prison than college. Thanks to the prison industrial complex
Plus the overstretched empire which will drive this country bankrupt. The us has many advantages that allow us to keep taxes lower than other countries like cheap land, mineral wealth and economies of scale. Countries like canada need higher marginal tax to maintain the same standard of education, roads etc
If SS isn't reformed soon, the problem is going to get bigger each year as income and payrolls taxes would have to increase exponentially to cover the cost. Or the Federal Govt. could implicitly default on the debt by printing a ton of money leading to hyperinflation.
True, I just dont like the term SS is bankrupt. The Federal govt decides to raid SS and issues t-bills and now wont pay them back.
Personally I could care less about these "wealth transfer" programs. Reform will be tough because both parties are too scared to touch them.
Here to learn and hopefully pass on some knowledge as well. SB if I helped.
That_Aston: jam011: That_
Social Security is in surplus till 2030s it will need reform but its not bankrupt today . What has happened is the feds borrowed from the SS fund and now decided they wont pay it back. How about cancelling the debt to the federal reserve before screwing people that paid into the system.
Medicaid is in trouble because of rising health care cost but at the least the govt program has lower over head costs
The real reason is huge security spending at home 2 million people in prison costs more to send someone to prison than college. Thanks to the prison industrial complex
Plus the overstretched empire which will drive this country bankrupt. The us has many advantages that allow us to keep taxes lower than other countries like cheap land, mineral wealth and economies of scale. Countries like canada need higher marginal tax to maintain the same standard of education, roads etc
If SS isn't reformed soon, the problem is going to get bigger each year as income and payrolls taxes would have to increase exponentially to cover the cost. Or the Federal Govt. could implicitly default on the debt by printing a ton of money leading to hyperinflation.
True, I just dont like the term SS is bankrupt. The Federal govt decides to raid SS and issues t-bills and now wont pay them back.
Personally I could care less about these "wealth transfer" programs. Reform will be tough because both parties are too scared to touch them.
See I think thats why they did it even bush with his part D. They purposely bankrupted ss so they could shrink it for idealogical reasons. Raise taxes or what ever but the feds have to pay their debt. SS is not wealth tranfer people pay into the system and you only pay it on income below 120k. Some Saftey nets are positive
How would you feel if the feds borrowed from your pension fund then cancelled your debt and your pension funds rings you up and says pay more.
Like I said cancel debt owned by the federal reserve thats about 3 trillion.
The US needs meaningful
The US needs meaningful reform plus a return to traditional limited government
Trash Collection Expected To
Trash Collection Expected To Drop During San Bernardino Fiscal Crisis
http://losangeles.cbslocal.com/2012/07/17/trash-co...
No, the US is not heading
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Michael Scarn: No, the US is
orangejulius: Michael
Literal answer: no, the US
YOU JUST GOT TROLLED
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Michael Scarn: No, the US is
Here to learn and hopefully pass on some knowledge as well. SB if I helped.
Michael
That_Aston: Michael
orangejulius: Michael
There's a very good argument
GS: There's a very good
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
UFOinsider: GS: There's a
This is what happens when you