The slide in the US Dollar is now helping the United States to redress their current account deficit.
Many companies are seeing the advantages of exporting as they suffer higher material costs at home. Higher costs of imports are starting to benefit the US, and it looks increasingly likely that the DOW 30 will head on up.
America is not as bad off as this nut claims!
I'm an average American and I'm living better than ever.
Pleased to hear it, Websman.
Who is looking likely to be the next President?
America is not as bad off as this nut claims!
I'm an average American and I'm living better than ever.
Sorry...Late reply. I predict that the next president will be Barack Obama.
CONCLUSION
There are 77 million baby boomers now ranging
from age 41 to age 59. All are hoping to collect
tens of thousands of dollars in pension and healthcare
benefits from the next generation. These
claimants aren’t going away. In three years, the
oldest boomers will be eligible for early Social
Security benefits. In six years, the boomer vanguard
will start collecting Medicare. Our nation
has done nothing to prepare for this onslaught of
obligation. Instead, it has continued to focus on
a completely meaningless fiscal metric—“the”
federal deficit—censored and studiously ignored
long-term fiscal analyses that are scientifically
coherent, and dramatically expanded the benefit
levels being explicitly or implicitly promised to
the baby boomers.
Countries can and do go bankrupt. The United
States, with its $65.9 trillion fiscal gap, seems
clearly headed down that path. The country needs
to stop shooting itself in the foot. It needs to adopt
generational accounting as its standard method
of budgeting and fiscal analysis, and it needs to
adopt fundamental tax, Social Security, and
healthcare reforms that will redeem our children’s
future.
So seen your living better than ever it means every other American must be as well?
America has more debt and financial liabilties than she can ever expect to conquer short of massive inflaton, if this statement is wrong can someone prove it with facts and figures.
ie/ How is US going to repay foreign Debt and meet Social security/Medical etc going forward, at the end of WW2 US had 20 workers for each retiree over the next couple of decades that reduces to something like 2 workers for each retiree. And thats just the beginnng of troubles, consumers are maxed out on Debt hence the recent debacles in the worlds financial markets.
After the last Clinton/Obama/Edwards broadcast it would indeed be funny, IMHO, if the American people turned on the front runners and put Edwards back in the running after Super-Tuesday.:topic
The assets of the United States of America both at home and abroad are so enormous there is really no problem. Anyway, a Country can't go bankrupt, it just stops paying its debt and carries on regardless.
It would be funny....but not likely.
I'm sure others have thought similar in the past, like the Greeks, the Egyptians, the Romans, the Byzantians (or whatever they were called), and more recently the Brits.Face it guys.... America will always be #1.
I'm sure others have thought similar in the past, like the Greeks, the Egyptians, the Romans, the Byzantians (or whatever they were called), and more recently the Brits.
Okay, the Brits haven't waned as much as the others yet, but their empire has certainly contracted.
Every dog has its day.
Cheers,
GP
Face it guys.... America will always be #1.
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