The Future of the United States of America

[Berethond]

The Baby Boomers and Gen-X crowd are going ***** about the life they robbed themselves of, the younger twenty somethings and below are going to grit their teeth and deal. I look forward to showing them that the Millennials are ten times tougher than their hippy garbage and narcissistic job-changing life style.

If Japan's economic collapse and recovery is any indication, the banks and lenders are going to shut down every single attempt to control them. Audits, opening their books, etc. Given the amount of bitching the half million salary cap is generating, I'd say the next 8 years are going to involve brutal class fighting. The honest business people who built good, strong businesses are going to be pissed that they can't reap the rewards. But the crooked assholes who ruined it for all of us are going to drag them down with Republican jargon and party-line nonsense. In what will be one of histories greatest ironies, the rich will eat themselves in America.

Government controlled lending is both complicated, potentially unworkable, and will take years to tweak to proper order. We'll have no choice but to nationalize the banks in about 6 years, when the banks are so broke they can't even fight anymore, and then we'll be about 20 years behind China. I recommend studying something useful for the upcoming years.

Wow that sounds kind of epic, actually.

But, it's really really REALLY starting to look like I'll never get to pursue my passion, music. All the jobs are drying up, the industry's on the verge of implosion, and the internet makes it almost impossible for a studio musician to even get a job, much less make enough money to support a family.

Sounds like it's the military for me.....

 

[DeadlyYellow]

Look, everyone bitches about the bailouts and how we're "Morgaging our childrens futures" but if you do the math then people would realize that 1 trillion dollars divided by the US population is less than $5000 per person. I know channel like fox news like to act like its a hole we'll never dig ourselves out of, but if we can be fiscally responsible, we could erase this debt with in the next 4 years. Don't get me wrong, things are bad out there, but they just try to make it sound worse than it really is to fill the 24 new cycle.

About 3300 or so by my calculations, not that anyone would actually contribute a portion voluntarily. We have individuals sitting on heaps of wealth, while the rest of us toil away behind the counter of McDonalds (metaphorically speaking.) Then there are those people who live entirely off welfare, whether they actually need to or not. Poor money managers, out-sourcing, few exports....

At least with globalization if we start going down so does everyone else.

 

[the captain]

Look, everyone bitches about the bailouts and how we're "Morgaging our childrens futures" but if you do the math then people would realize that 1 trillion dollars divided by the US population is less than $5000 per person. I know channel like fox news like to act like its a hole we'll never dig ourselves out of, but if we can be fiscally responsible, we could erase this debt with in the next 4 years. Don't get me wrong, things are bad out there, but they just try to make it sound worse than it really is to fill the 24 new cycle.

About 3300 or so by my calculations, not that anyone would actually contribute a portion voluntarily. We have individuals sitting on heaps of wealth, while the rest of us toil away behind the counter of McDonalds (metaphorically speaking.) Then there are those people who live entirely off welfare, whether they actually need to or not. Poor money managers, out-sourcing, few exports....

At least with globalization if we start going down so does everyone else.

Yeah, I said under $5000 based on the fact that about 1/4 - 1/3 of our population is too young to pay taxes or is in some way tax exemp. Although, taxing corporate revenue more then makes up for the people excluded from paying taxes. And that is where the money should come from. And if it is done correctly, we might not even have to raise taxes at all.



PS- Yay!!!! I'm a Beat Writer now. Suck on that Paperboys and Copy Clerks.

 

[Vault boy Eddie]

Bush basically decapitated a person(the economy) then said jeez someone should do something about that, and left us to perform CPR on the headless body.

 

[Flying-Emu]

Bureaucracy within the United States government is ridiculous. You can only buy the most expensive fencing for the Mexican border, even if it's from another country. You have to build a completely useless road with the most extravagant materials possible, otherwise you're breaking federal law.

I'm not an anarchist, or an anti-American, don't get me wrong. But I believe I'll quote Jefferson here.

"A little rebellion every now and then is a good thing."

"[Sometimes] The tree of Liberty must be watered with the blood of patriots."

 

[floppylobster]

You fucked it up over 8 years of not paying attention and backing a unnecessary war that was supposed to pay for itself with the oil it would reap. You can get it back with 12 years of hard work, paying attention and not being dumbasses. Also, the younger generation of softcocks need to harden up, they?ve had it too easy.

I believe the first step to recovery was electing a president who gives a fuck, so at least one positive step has been taken. But it?s still going to take hard work and learning to enjoy the simple things in life with less focus on the ?American Dream? i.e. being a rich **** at the expense of other people/nations.

 

[cronotose]

Hell, most of the world is doomed.
People want to continue doing the same old Reaganesque bullshit of "Just Say No!" and "Reagnomics works!" without really considering what might REALLY help them out. It's like these people have some sort of death wish towards their countries or something.[/quote]

I like what you did there. Insulting an entire economic system without actually addressing ANYTHING about it. What caused the problem is government mismanagment and the proposed solution is even MORE government mismanagement. I wouldn't call wanting to avoid 2 trillion in debt a "death wish".

 

[asinann]

What's sad is that people think China owns most of the U.S. debt.
Japan owns a little over half of the U.S. debt.

You fucked it up over 8 years of not paying attention and backing a unnecessary war that was supposed to pay for itself with the oil it would reap. You can get it back with 12 years of hard work, paying attention and not being dumbasses. Also, the younger generation of softcocks need to harden up, they?ve had it too easy.

I believe the first step to recovery was electing a president who gives a fuck, so at least one positive step has been taken. But it?s still going to take hard work and learning to enjoy the simple things in life with less focus on the ?American Dream? i.e. being a rich **** at the expense of other people/nations.

The American dream is to own a home and have your family live comfortably, not to be sickeningly rich (though it was the home ownership thing that got us into this mess, and we're taking you all with us. That's what you're governments and trade organizations get for putting their eggs all in one basket.)

 

[Anomynous 167]

so far it looks as if we're indebting our children to the chinese by borrowing nearly a trillion dollars, putting the schip program within the "stimulus" package is weedling us towards full on socialism, and the businesses of america are getting less responsible with bailouts being offered at every corner.

it makes me sad to se her in such states.

Don't exagerate! You guys haven't even thrown out a billion dollars from your last bailout.
More like around 900 Milliard $US

Look, everyone bitches about the bailouts and how we're "Morgaging our childrens futures" but if you do the math then people would realize that 1 trillion dollars divided by the US population is less than $5000 per person. I know channel like fox news like to act like its a hole we'll never dig ourselves out of, but if we can be fiscally responsible, we could erase this debt with in the next 4 years. Don't get me wrong, things are bad out there, but they just try to make it sound worse than it really is to fill the 24 new cycle.

DONT YOU AMERICANS DO MATH? should be atleast 100000$ when the cash is devided.

 

[Anomynous 167]

Bush basically decapitated a person(the economy) then said jeez someone should do something about that, and left us to perform CPR on the headless body.

NEVA SAY ANY THING ABOUT BUSH!

What's sad is that people think China owns most of the U.S. debt.
Japan owns a little over half of the U.S. debt.

The more you know.

 

[asinann]

so far it looks as if we're indebting our children to the chinese by borrowing nearly a trillion dollars, putting the schip program within the "stimulus" package is weedling us towards full on socialism, and the businesses of america are getting less responsible with bailouts being offered at every corner.

it makes me sad to se her in such states.

Don't exagerate! You guys haven't even thrown out a billion dollars from your last bailout.
More like around 900 Milliard $US

Look, everyone bitches about the bailouts and how we're "Morgaging our childrens futures" but if you do the math then people would realize that 1 trillion dollars divided by the US population is less than $5000 per person. I know channel like fox news like to act like its a hole we'll never dig ourselves out of, but if we can be fiscally responsible, we could erase this debt with in the next 4 years. Don't get me wrong, things are bad out there, but they just try to make it sound worse than it really is to fill the 24 new cycle.

DONT YOU AMERICANS DO MATH? should be atleast 100000$ when the cash is devided.

Actually, they burned through $350 BILLION in about 2 months.

And that low number wasn't WORKING AGE Americans, it was EVERY American man, woman and child at the numbers estimated to be counted for the 2010 census.

 

[Vault boy Eddie]

Bush basically decapitated a person(the economy) then said jeez someone should do something about that, and left us to perform CPR on the headless body.

NEVA SAY ANY THING ABOUT BUSH!

Is he like the candyman? 3 times into a mirror and all hell breaks loose?

 

[dieseldub]

Well in my opinion we did this to ourselves. We all had to go get our plasma tv's, big SUV's, and a mortgage on some cookie cutter street so we could keep up with the Jone's. In all honesty we can't really blame the banks. American's that took these loans just didn't read the fine print. I always go by the rule "if it sounds to good to be true...it probably is." Also extending your credit beyond your means without some sort of safety net is something our parents and grandparents didn't do (those of us with parents over or around 65). Heck, they usually paid for houses, cars, and everything else with cash! Yes I realize we live in a differant style world now...but it these changes that have changed us. Personally I think we just all need to learn how to spend, budget, and save more wisely in the future. Also, we need to junk the "I want it now" attitude and just accept that sometimes we have to wait for what we want. The upcoming generations are going to be much more well versed on these subjects. What I would like to see is a new relearning in school, and at home about budgeting. Parents should let kids learn about paying bills, paying off debt in a timely manner, and being financially responsible.

You can't manage some of your money all the time- You must manage ALL of your money All of the time. Ok, thats my little rant


I must add that this does not entail the US job market shrinking. Like others I do as well worry about losing my job, and having to survive.

 

[asinann]

Don't exagerate! You guys haven't even thrown out a billion dollars from your last bailout.
More like around 900 Milliard $US

I'm pretty certain I have no idea what a milliard is. If it's a billion, then you're spot on (although a little large - they haven't paid out all of it yet). If it's a million, then you are sadly ignorant.

What's sad is that people think China owns most of the U.S. debt.
Japan owns a little over half of the U.S. debt.

No it doesn't. Mainland China is in fact the largest holder of United States foreign debt. Japan is second largest, I believe. Half the total debt of the United States would be approximately the dollar value of the entire Japanese economy.

EDIT: <url=http://www.treas.gov/tic/mfh.txt>Linky to support my assertion.

My bad, Japan was the leading holder until 18 December 2008. My information was about 2 months old.
Apparently China bought a butt load of the Bush stimulus debt.

http://www.bpovia.com/blog/china-business/china-became-the-no-1-holder-of-american-debt.html

 

[the captain]

so far it looks as if we're indebting our children to the chinese by borrowing nearly a trillion dollars, putting the schip program within the "stimulus" package is weedling us towards full on socialism, and the businesses of america are getting less responsible with bailouts being offered at every corner.

it makes me sad to se her in such states.

Don't exagerate! You guys haven't even thrown out a billion dollars from your last bailout.
More like around 900 Milliard $US

Look, everyone bitches about the bailouts and how we're "Morgaging our childrens futures" but if you do the math then people would realize that 1 trillion dollars divided by the US population is less than $5000 per person. I know channel like fox news like to act like its a hole we'll never dig ourselves out of, but if we can be fiscally responsible, we could erase this debt with in the next 4 years. Don't get me wrong, things are bad out there, but they just try to make it sound worse than it really is to fill the 24 new cycle.

DONT YOU AMERICANS DO MATH? should be atleast 100000$ when the cash is devided.

Actually, you might want to look up the differences between what a billion is in certain countries. It is calculated as different amount between these separate systems. In short scale one billion is equal to 10^9 where as in long scale it is equal to 10^12. So before you start correcting people, you might want to do a little bit of research so you don't come off as a complete retard.

edit- I just looked at you profile page and I saw your date of birth. Therefore, I'm sorry, you're not retarded, just very young. You also might want to complain to your math teacher for not teaching you these kinds of things.

 

[Knight Templar]

You're screwed and will be for some time, but you should be ok eventually.

However eventually can be a very long time.

 

[Lavi]

1) Yes, you fucking did this to yourselves and deserve every bloody second of it. Fuck the American dream.

2) The USA has the ability to come back from hard economic times. Some countries, however, have no bloody chance in hell.

As for bailouts, who teh fuck cares? It's not like we're actually paying our countries' debts anyways XD

Canada - 800 billion
USA - 10 trillion
... For hilarity:
Russia - 20 billion

^ Rough estimates, I do believe they are external debt only, only really matters for Russia since theirs is so fucking low (70 billion including internal debt).

Oh, and keep your former shitty president out of Canada ^-^ I wanna throw shoes at him over in Calgary.

EDIT: Or the USA can ask for the loans it gave out to be paid just like it did under Hoover. SPREAD THE RECESSION ^-^