Why we are 100% screwed as a country

C

canceled.2021.1

#AMERICAISDEAD
As it stands today, our federal gobblement is anywhere from $65 to 100 trillion in debt when you consider the unfunded liabilities for Socialist inSecurity and Mediscam. For those who do not understand what unfunded liabilities mean. It essentially means that the federal gobblement would need to have $65-100 trillion sitting in the bank TODAY to cover all of the debts that will come due over the ensuing years as the baby boomers begin to suck us dry.

To give you a little context on what that actually means, there is about $70 trillion of GDP in the entire world. That would mean the US of A would have to confiscate the entire wealth of the entire world just to cover its debts.

It is a matter of math plain and simple and no amount of political posturing on either side will change it. So while the political class has you all hot and bothered over whether to increase taxes on the top 2% just know that whether they do or don't, it doesn't matter because either way we are fucked.:awesome:
 
Howey said:
Please don't feed the troll Derp. :)

Isn't it funny that the guy with "fact" in his name never provides any? Just lots of meandering misinformation...
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Is USAToday also lying?

The federal government's financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows.

The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.

snip

The $61.6 trillion in unfunded obligations amounts to $528,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.

http://www.usatoday.com/news/washington/2011-06-06-us-owes-62-trillion-in-debt_n.htm
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Ok, suppose your original supposition is true, and we are 100% screwed? What now? Shall we have a mass suicide? Shall we all just stop what we are doing?

Its all well and good to proclaim we are all screwed, but it really accomplishes nothing.
 
WinterBorn said:
Ok, suppose your original supposition is true, and we are 100% screwed? What now? Shall we have a mass suicide? Shall we all just stop what we are doing?

Its all well and good to proclaim we are all screwed, but it really accomplishes nothing.
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Good question. What should "WE" do? Well, if you mean we as a country, then the answer is very simple. We should stop with the socialism. End Socialist inSecurity. End Mediscare. End Medicaid. End every single entitlement there is. End every bit of crony capitalism and corporate welfare. We should end it all. But, you and I know that it is never going to happen.

Now, if you mean what should "we" do as individuals? Well, that is up to you. I have my plan to protect me and my family and "we" as in me and my family will be just fine. We know how to hunt our own food. We have land and know how to grow our own food and we have access to lots of drinkable water. "We" will be just fine.

I am merely pointing out facts. I understand that they are scary to some, so they would rather pretend that they aren't going to happen. It is much easier to meander along thinking "it can't happen here". Well, it can happen here and it is closer than you think. Sounds all doomsday I know, but I am sure that there were those in the Weimar Republic that never thought it could happen to them.

Actually, proclaiming we are all screwed is very helpful. Once you realize it and get your head out of the sand, you can start doing something about it. I don't mean doing something about the $65 trillion in debt. That is already done. Math is math and no amount of political posturing from the left or right is going to change the financial picture. But, you can take steps to prepare yourself. You may think it is crazy, but remember what your mama always told you. Better safe than sorry.
 
FactsRStubborn said:
Good question. What should "WE" do? Well, if you mean we as a country, then the answer is very simple. We should stop with the socialism. End Socialist inSecurity. End Mediscare. End Medicaid. End every single entitlement there is. End every bit of crony capitalism and corporate welfare. We should end it all. But, you and I know that it is never going to happen.

Now, if you mean what should "we" do as individuals? Well, that is up to you. I have my plan to protect me and my family and "we" as in me and my family will be just fine. We know how to hunt our own food. We have land and know how to grow our own food and we have access to lots of drinkable water. "We" will be just fine.

I am merely pointing out facts. I understand that they are scary to some, so they would rather pretend that they aren't going to happen. It is much easier to meander along thinking "it can't happen here". Well, it can happen here and it is closer than you think. Sounds all doomsday I know, but I am sure that there were those in the Weimar Republic that never thought it could happen to them.

Actually, proclaiming we are all screwed is very helpful. Once you realize it and get your head out of the sand, you can start doing something about it. I don't mean doing something about the $65 trillion in debt. That is already done. Math is math and no amount of political posturing from the left or right is going to change the financial picture. But, you can take steps to prepare yourself. You may think it is crazy, but remember what your mama always told you. Better safe than sorry.
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The math is the math as long as you are talking about paying off the entire debt at one time. But that is not how it works, is it? But if we look at reducing the deficit and paying on the debt of a few decades, it doesn't seem as scary and not as useful to alarmists and sensationalists.

I am one of those who hopes for the best and prepares for the worst. Perhaps getting to know people before you make blanket statements would help.

As for the Weimar Republic, that was hardly a doomsday situation now was it? It lasted what, 10 or 12 years? Not quite a survivalist situation overall.
 
WinterBorn said:
The math is the math as long as you are talking about paying off the entire debt at one time. But that is not how it works, is it? But if we look at reducing the deficit and paying on the debt of a few decades, it doesn't seem as scary and not as useful to alarmists and sensationalists.

I am one of those who hopes for the best and prepares for the worst. Perhaps getting to know people before you make blanket statements would help.
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Well, you obviously are a hope kind of person if you think we are ever going to "pay" on the debt. Where do you think the money is going to come from? We are functionally broke as a country. The only reason we haven't gone tits up is because the US federal gobblement can print money and compared to the rest of the world we are relatively economically stable. But, it is like saying you are the skinniest kid in fat camp. I didn't make any blanket statements about you. I don't know whether you are preparing or not and frankly don't care. You asked me a question and I answered it. If you want to be sensitive about it, then I can't help you.

Hope is not a strategy. I would have thought people would have learned that after three years of the socialist, kenyan born douchebag
 
Howey said:
So he's a survivalist. Not surprised. Prolly a racist militia member too.
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I love people like you. You remind me of those poor saps during Katrina sitting outside the Convention Center and piled into the Superdome crying and moaning that the gobblement wasn't coming to help them. How did it work for them? Not so good in my estimation.

Am I a survivalist? I guess you could call it that if you are looking to apply a label to it. I know that if the shit (any shit) hits the fan, I will be prepared. Will you? Or will you be like those poor Katrina folks standing around in a daze wondering when the gobblement is going to come help you because "you paid into the system"?
 
FactsRStubborn said:
Well, you obviously are a hope kind of person if you think we are ever going to "pay" on the debt. Where do you think the money is going to come from? We are functionally broke as a country. The only reason we haven't gone tits up is because the US federal gobblement can print money and compared to the rest of the world we are relatively economically stable. But, it is like saying you are the skinniest kid in fat camp. I didn't make any blanket statements about you. I don't know whether you are preparing or not and frankly don't care. You asked me a question and I answered it. If you want to be sensitive about it, then I can't help you.

Hope is not a strategy. I would have thought people would have learned that after three years of the socialist, kenyan born douchebag
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I am indeed a hope kind of person. I feel pity for those who are not.

And yes, the debt can be paid on and managed. We have managed to stay afloat for decades with horrible debt.

And actually, the reasons we have such terrible debt goes back more than 3 years. So before you try and lay it all at the feet of the current administration, you should look at where it started.
 
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