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Forums - General - Decline and fall of the US.

Cheebee on 03 August 2010

Wow, we're talking trillions here...?  O_o'  Insane.



Nintendo Network ID: Cheebee   3DS Code: 2320 - 6113 - 9046

 

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Signalstar on 03 August 2010

Back in the 90s didn't we have a surplus?



http://www.youtube.com/watch?v=F1gWECYYOSo

Please Watch/Share this video so it gets shown in Hollywood.

richardhutnik on 03 August 2010
Signalstar said:

Back in the 90s didn't we have a surplus?

Forecasts of budget surplusses, due in part by the dotcom bubble.  But you can't give a simple yes to that question.



badgenome on 03 August 2010
richardhutnik said:
badgenome said:
richardhutnik said:
zgamer5 said:

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

During that era, supporters of the administration justified deficits by saying, "But we are at war".  Now that the administration isn't in power, there is harping about the deficit, and apparently thew U.S is no long at war.  Go figure.

And opponents of the administration, like Paul Krugman, criticized deficits. But now that the administration isn't in power, deficits are a Good Thing. Go figure.

Take that as proof that no one really cares about them.  The particular reason why you would take the GOP and conservative side to task more is that balanced budgets ARE supposed to be one of their foundational points they stood on.

Yeah, but the GOP are still just politicians at the end of the day. It's hard to expect much of them. Meanwhile, Paul Krugman is a Nobel Prize-winning economist, yet he and a lot of other Very Serious People get away with insisting that Obama turned debts and deficits from Bad Things to Good Things literally overnight.



numonex on 03 August 2010
trunkswd said:

Getting out of Afghanistan and Iraq would save $150 billion per year. Cut other military spending as it is the biggest piece of the pie of spending that is not needed. 2/3 or $758 billion of the discretionary budget. The U.S. should close some of its bases around the world as most aren't needed. There isn't any threat of war from any world power. 

 

The Unites States has the biggest military in the world, by almost equaling everyone else combined. That is a little excessive as the most of the countries in the top 15 in size shown in the graph are our Allies. So even if the U.S. cut the military in half they would still have 1/3 of the world's military and it would save the U.S. $380 billion per year.

That is just one way the U.S. can save a lot of money to help eliminate the deficit.

The Defense budget should be halved to $380 billion per year. $80 billion of this should be spent in Health and Education and  other Budgets. $300 billion could easily be saved. The Health budget will need to be significantly increased as the US faces an aging population epidemic of retirees over 65 will continue to increase. Longer life expectancies comes at a huge financial cost. 

At the moment the US spends 60% of its annual budget funding military which its main aim is to kill people in foreign countries. False flag terrorist wars fought in Middle East  comes at a huge cost to US economy. 



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mrstickball on 03 August 2010
numonex said:
trunkswd said:

Getting out of Afghanistan and Iraq would save $150 billion per year. Cut other military spending as it is the biggest piece of the pie of spending that is not needed. 2/3 or $758 billion of the discretionary budget. The U.S. should close some of its bases around the world as most aren't needed. There isn't any threat of war from any world power. 

 

The Unites States has the biggest military in the world, by almost equaling everyone else combined. That is a little excessive as the most of the countries in the top 15 in size shown in the graph are our Allies. So even if the U.S. cut the military in half they would still have 1/3 of the world's military and it would save the U.S. $380 billion per year.

That is just one way the U.S. can save a lot of money to help eliminate the deficit.

The Defense budget should be halved to $380 billion per year. $80 billion of this should be spent in Health and Education and  other Budgets. $300 billion could easily be saved. The Health budget will need to be significantly increased as the US faces an aging population epidemic of retirees over 65 will continue to increase. Longer life expectancies comes at a huge financial cost. 

At the moment the US spends 60% of its annual budget funding military which its main aim is to kill people in foreign countries. False flag terrorist wars fought in Middle East  comes at a huge cost to US economy. 

There is this thing called 'mandatory spending' that your not accounting for...



Back from the dead, I'm afraid.

Hoplyte on 03 August 2010
Lostplanet22 said:

You don't need to raise taxes, you can also make the work weeks a few hours longer for free..

People should realise that the living standars of a few years ago will not be the standard living standars in an decennia or two especially when an big part of the world find it normal to work an minimum of 12 hours a day and a minimum of 6 days a week...

This goes back to a much earlier response, but I find the quote interesting considering Lostplanet22 has an EU flag for a profile picture. I'm not being critical of the quote, just wanted to point out that the average US worker already works more hours than most European counterparts. And I'm not making that up, I've worked with international programs and seen the studies.

As for the people working 72 hrs/wk - Most of them are stuck in a life of poverty and economic slavery all to make a dollar a day (or less). Their employers can afford to work them for those long hours because of no regulations and cheap labor.



flacomeza on 04 August 2010
Rath said:

Eventually the US will have to follow the example of Europe I feel

 

What Example?



TheRealMafoo on 04 August 2010
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.



Rath on 04 August 2010
flacomeza said:
Rath said:

Eventually the US will have to follow the example of Europe I feel

 

What Example?

 

Already replied to pretty much the same thing but I'll go again. Europe is in a general drive to reduce debts and defecits, America is going to have to do the same thing eventually.