The U.S. Economy is Unsustainable
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Head of the U.S. Government Accountability Office (GAO) David Walker says that the U.S. economy is unsustainable and as the baby boomer generation begins to retire medicaid will destroy the economy.
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does jesus exist then? fuck no but now i got you confused...
Bush policies to carry on. For that would enable him
his group to destroy US economy more easily
destroy the status of USA as a so called super power.
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WRONG. Big joke on Wall St cited by Michael Hudson is that poor people DO pay debts, out of honor.
Super rich are too smart for that, back out of anything they can walk away from, as needed. Set up corp protection rackets.
Hence, CREDIT DERIVATIVES CRISIS. Has little do with mortgages, car loans, etc. It's TRILLIONS of unpayable debt in FICTITIOUS capital, by "leveraging" investments w/o limits.
aware of the economical crisis. Cheap waged laborers are due to growing global population in search of food. But creating joblessness in USA in search of cheap foreign labor is not the answer. It will burst the economy balloon being patched. The interest rates may be revised to the applicable level. But creating disharmony or joblessness doesnt solve the economical decline
roofs to be falling on them are sitting under the open sky, in the chilled cold similarly the US investors afraid of collapsed economy are not investing any more in the US financial system afraid of their investments to decline in the worst way, thus making the US economy balloon burst altogether. 3:54 And (the unbelievers) plotted and planned, and Allah too planned, and the best of planners is Allah.
Let the poor and old people die ?
The only thing I can imagine that will save this entitlement is to push the retirement benefit age back to 72. This sounds harsh, but people are living longer and healthier lives. The only other alternatives are taking about 70% of a persons paycheck or bankruptcy of the system.