40 'Frightening' Facts On The Fall Of The US Economy

[Locutus]

If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article. When you step back and look at the long-term trends, it is undeniable what is happening to us. We are in the midst of a horrifying economic decline that is the result of decades of very bad decisions. 30 years ago, the U.S. national debt was about one trillion dollars. Today, it is almost 17 trillion dollars. 40 years ago, the total amount of debt in the United States was about 2 trillion dollars. Today, it is more than 56 trillion dollars.

article:

40 'Frightening' Facts On The Fall Of The US Economy | Zero Hedge

 

[relic]

I got bored early on,but it looked like it was going for forty ways to say the same thing.Sounds like harper on a grander scale.

 

[Mowich]

If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article. When you step back and look at the long-term trends, it is undeniable what is happening to us. We are in the midst of a horrifying economic decline that is the result of decades of very bad decisions. 30 years ago, the U.S. national debt was about one trillion dollars. Today, it is almost 17 trillion dollars. 40 years ago, the total amount of debt in the United States was about 2 trillion dollars. Today, it is more than 56 trillion dollars.

article:

40 'Frightening' Facts On The Fall Of The US Economy | Zero Hedge

After watching numerous docs about the U.S. economy before, during and after the Wall Street fiasco - I am not in the least surprised by the article. To make matters worse the possibility of yet another meltdown exists as long as Wall Street remains unregulated.

 

[gopher]

Close all foreign tax shelters and call back all that capital.

Problem solved.

 

[B00Mer]

Close all foreign tax shelters and call back all that capital.

Problem solved.

Oh yes!! America is so great, people will just roll over and bring the money back to the USA.. They have it overseas for a reason.. It's safer to keep it in the EU, Canada or Asian markets..

With Obama printing money, it becoming worthless. Soon, the Mexican Peso will be a choice currency.. lol

The USA is great for the poor guys,you know the saps with the American Dream.. hoping for a better life and to make it rich..

When you actually make it rich.. really rich, you find out citizenship or living in the USA is not all that it's cracked up to be..

Facebook co-founder Eduardo Saverin gives up U.S. citizenship ahead of IPO - Silicon Valley Business Journal

There are plenty of countries that are far, far better and more fun to live in than the USA.. but in your arrogance, I'm sure that you think the world wants to move to the USA.. sure 15 million poor people certainly do.. but the rich ones and smart ones are moving out.

 

[JLM]

If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article. When you step back and look at the long-term trends, it is undeniable what is happening to us. We are in the midst of a horrifying economic decline that is the result of decades of very bad decisions. 30 years ago, the U.S. national debt was about one trillion dollars. Today, it is almost 17 trillion dollars. 40 years ago, the total amount of debt in the United States was about 2 trillion dollars. Today, it is more than 56 trillion dollars.

article:

40 'Frightening' Facts On The Fall Of The US Economy | Zero Hedge

$Trillion 30 years ago = $7Trillion today.

"According to one calculation, the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming."

So, what about California, New York, Texas, Pennsylvania, Illinois, Florida, Indiana, Ohio, Kentucky, Tennessee, Virginia, Wisconsin, Washington, Minnesota, Alabama, Arizona, etc. etc. - the states that contain the bulk of the population.

The frightening thing about those 40 "facts" is the amount of bullsh*t contained therein! -

 

[B00Mer]

California-

bankrupt or near to it.. isn't it JLM?

 

[Kreskin]

Oh yes!! America is so great, people will just roll over and bring the money back to the USA.. They have it overseas for a reason.. It's safer to keep it in the EU, Canada or Asian markets..

With Obama printing money, it becoming worthless. Soon, the Mexican Peso will be a choice currency.. lol

The USA is great for the poor guys,you know the saps with the American Dream.. hoping for a better life and to make it rich..

When you actually make it rich.. really rich, you find out citizenship or living in the USA is not all that it's cracked up to be..

Facebook co-founder Eduardo Saverin gives up U.S. citizenship ahead of IPO - Silicon Valley Business Journal

There are plenty of countries that are far, far better and more fun to live in than the USA.. but in your arrogance, I'm sure that you think the world wants to move to the USA.. sure 15 million poor people certainly do.. but the rich ones and smart ones are moving out.

He lives in Singapore, where it cost him about $50,000 a year to insure a decent car.

 

[B00Mer]

He lives in Singapore, where it cost him about $50,000 a year to insure a decent car.

Car Insurance Singapore - Quotes from As Low As $486! Save More Today...

yawn.. I'll call your bluff..

 

[Kreskin]

Car Insurance Singapore - Quotes from As Low As $486! Save More Today...

yawn.. I'll call your bluff..

I knew a guy paying $40,000, and that was over 10 years ago. They have to limit the amount of vehicles because there isn't enough road. You pay through the nose.

 

[JLM]

bankrupt or near to it.. isn't it JLM?

Probably, at least by conventional accounting rules, I would think, but by new fancy bookkeeping I'm not sure! -

 

[B00Mer]

Probably, at least by conventional accounting rules, I would think, but by new fancy bookkeeping I'm not sure! -

Well they are pushing more for the off shore drilling.. but are worried about spills.. rightfully so in an earthquake zone.. I sure a tsunami or a good jolt could cause a environmental nightmare.

Photo of rigs off of the coast of Santa Barbara, CA

 

[Kreskin]

I suppose it's not just the insurance, but registration fees and driving toll roads between certain hours etc. They have auto-fees/taxes come at them from everywhere.

ExpatSingapore - Once you're here: Cost of owning a car

 

[B00Mer]

I suppose it's not just the insurance, but registration fees and driving toll roads between certain hours etc. They have auto-fees/taxes come at them from everywhere.

ExpatSingapore - Once you're here: Cost of owning a car

Have you driving on the President George Bush Turnpike (PGBT) in Dallas, Texas.. lol

Oh, heck,just driving from Langley, BC to downtown Vancouver.. tolls, tolls, tolls..

It's a government addition, stronger than crack.

Just the cost of owning a car..

 

[Kreskin]

In addition, when a car is first registered (whether new or used), an Additional Registration Fee (ARF) of 150 per cent of the car's Open Market Value is payable.

Want to see the deficit reduced in America? Try that and see how many people scream murder and socialism.

 

[Cliffy]

Eric Idle - "Always Look On The Bright Side Of Life" - STEREO HQ - YouTube

 

[captain morgan]

Close all foreign tax shelters and call back all that capital.

Problem solved.

For how long?

The US has a spending problem gopher - that's quite different from an income problem

 

[EagleSmack]

For how long?

The US has a spending problem gopher - that's quite different from an income problem

Do you expect him to get that?

Don't forget... the present government thinks all money belongs to them and it is a privilege to keep a portion of what you earn.

He doesn't understand that that money... IF they got a hand on it... would be blown. Just given away to buy more votes and secure government dependency for the dumbocrats.

 

[captain morgan]

Do you expect him to get that?

Don't forget... the present government thinks all money belongs to them and it is a privilege to keep a portion of what you earn.

He doesn't understand that that money... IF they got a hand on it... would be blown. Just given away to buy more votes and secure government dependency for the dumbocrats.

They never do understand the relationship... One might even go as far to compare them to heroin addicts that will spend themselves poor at each and every opportunity.

They sure do have concrete plans on how to spend the cash but never seem to stop and plan on how they can "earn" the money.. It's always accomplished by pilfering someone elses cash

 

[Zipperfish]

Thirty years ago was a different economy. It's all much more globalized now. That cat's out of the bag and it'll be hard to put it back. No need to sweat it though--I'm sure the billionaires and mulitnationals will land on their feet.

I don't think you can just blame government spending. Britain has been extremely austere--hasn't really helped. Canada, on the other hand, is a socialist state compared to the US, and yet we've fared a little better than them over the last thrity years.

I don't really understand internaitonal economics that much, but to me there's been a shift of control fro national to international entitites (like the World Bank, IMF) and the transfer of wealth, in aggregate, leading to a greater wealth imbalance between rich and poor. In other words, things that austerity programs actually make worse.