america is going to shit

America is going to shit. Its blatantly obvious that social security and Medicare are going to self destruct before most of us ever reach the point where we will take out of it. For every 3 people retiring there is 1 person paying in. Correct me if I am wrong but how I understood social security worked was that it was population influx proof. Meaning that the generations would pay based on the current rate of change in population versus the rate of change in their specific time (ex: if there was a 2% increase in population one year and the statistical average rate of births is 1.5% that for the time being we would pay extra into social security for the extra .5%). If the above is correct, than social security should be fool proof. The whole reason that we've been drifting closer and closer to the red zone in terms of being in debt with social security is the amount of money taken from social security (or meant for social security and just never allocated into it). The government is now over 14 TRILLION DOLLARS IN DEBT.

"In total, lenders from Japan and China held 44% of the foreign-owned debt."

The US government owes over $4,065,800,000,000 USD to foreign entities. So if the united states is worth negative 14 trillion dollars, foreign entities own close to 30% of the United States. It makes you wonder what will happen to us with this impending debt from social security and the obamacare recently implemented. Personally, I've talked my family into investing into foreign currencies.

Discuss

I Agree. DangerDog shed some more light!

/georgebushs fault

Hence why I'm leaving this place once I graduate.

canada > usa
just saying

Originally Posted by noname27

canada > usa
just saying

well canadia sucks fucking balls and is gay/retarded, but if we become poor, I'm going to take my knowledge to canadia and start a new life there.

Investing in foreign currencies long term is unlikely to be a good investment. If the US defaults on its debt it will effect the rest of the world. How do you think the economies of China, Japan and every other country that loans us money will react if we said piss off, or put in some hyper inflation policies in order to pay it back? Their currency would drop as well.

I don't really think that will happen, I think the US will eventually wise up on the stupid over bloated government and start reigning in spending. The 2012 elections are (hopefully) a sign that this is beginning. I am somewhat hopeful that the incoming congress will do better and balance stuff out a bit but I won't be to surprised if the idiot republicans that were elected turn into the borrow and spenders that they replaced.

Eventually the republicans will either figure their shit out and actually ad hear to the fiscally conservative policies "we the people" expect of them, or they will become irrelevant in the political process replaced by the libertarian or some other 3rd part.

Originally Posted by Skrat501

/georgebushs fault

While GWB was in the top 15 worst presidents IMHO, I can't say he's to blame for this any more than Clinton before him or Bush Senior before him or Carter before him. In addition more culpability should likely fall on the last 15-20 years of congress, but the president takes the blame (or the credit). That's just how it is. If anything I'd say Bush was just ignorant of the huge pile of shit building up for years during and well before his presidency so he did not take any action to stop it. So that part at least was his fault.



Oh, and to you people saying Canada is so much better I just LOL...IF America becomes insignificant in the world Canada won't have much left either. I think people under estimate how much the evil Americans contribute to the economic stability of the industrialized world.

Then again, I could be wrong. Hopefully we never find out.

When TGK starts telling his family to switch out of the greenback, it's probably time for a good pop.. lol. You are my new contrarian indicator!

Check your history also, the Social Security problem was caused by the government who is too big and greedy to control themselves, so they dipped into the money to pay other things.

Remove welfare and section 8 housing - get off your lazy ass, get a job and pay for your own shit.

All government employees will pay for their own healthcare. The amount they pay and the coverage they get will be available to ALL Americans (illegals, get the fuck out. boo hoo, come here for a better life, boo hoo...go back to your own country and make it better and stop taking our money)

Government pensions will end and all employees will have 401k plans that the government will match up to 6%.

Thats enough for now - Stuff irritates me so bad because it is supposed to be OUR country yet the government just shoves us to the side and does whatever the hell they want to.

I think the US has a lot of options...and they are all painful..mmwwwwahahahahahaha. A value added tax,much higher fuel tax, change the mortgage interest deduction.

and spending cuts?? (i didn't know that the US was really into social spending in the first place)

I'm not sure if cutting back on the military is an option...y'all have to spread that freedom ! (and protect and/or expand american interests abroad) interests imo meaning keeping the US dollar as the worlds reserve currency.

or you could always free our poor oppressed Abertans...but we got the oil fields rigged to blow, just like saddam did



seriously though, I would still bet on the US.