Decline and fall of the US.

[TheRealMafoo]

numonex said:

TheRealMafoo said:

zgamer5 said:

wow i never thought that the bush administration was that bad.

http://www.usgovernmentspending.com/downchart_gs.php?year=2000_2010&view=1&expand=&units=p&fy=fy11&chart=G0-fed&bar=0&stack=1&size=m&title=US Federal Deficit As Percent Of GDP&state=US&color=c&local=s

Bush was nothing compared to the new guy.

All governments in the US since 1930 have played a huge role in accumulating national debts and deficits and huge foreign debt which are now considered financial sovereign risks. Military spending and waste is a huge problem and account for 60% of the US governments National Budget. US military bases in almost every single country and a military to protect the world comes at a huge cost. 

The US government has only recorded 3 or 4 budget surpluses since 1930. Something has happened and it is not a potential  sovereign risk. Greece, Spain, France, Italy, Portugal and UK, etc are all experiencing financial sovereign risks. The US is in deep water unless it takes the measures from a bipartisan approach to turn things around. Short term pain for long term gain. The self righteous civil libertarians who dominate US Congress need to start working together but that would be too hard. 

Hey, I am the one leaving the US, because I know it's economically  doomed. You will get no argument from me :)