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The United States could become bankrupt within our lifetimes

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WingM@n

Member
I expect a stockmarket crash before this winter.
One thing I know is it will not end well for the western economies.
Luckily the fed can allways print money, and create inflation/hyper inflation.
Will the US ever go bunkrupt? I don't know, but when the time nears.. We'll have big wars in asia and the middle east.
 

davepoobond

you can't put a price on sparks
we're not going to have a war for the sake of having a war.... i dont see how a war in southeast asia would all of a sudden breakout if the stock market crashes.
 
JoeTheBlow said:
Stupid is the media making out that that China is some emerging superpower coming from nowhere to overthrow Freedom, when China has already been the worlds economic and technological superpower for most of civilizations history.

But they are still cheating with unfair nearly free child labor. The US got rid of that in the early 20th century!
 
perfectchaos007 said:
But they are still cheating with unfair nearly free child labor. The US got rid of that in the early 20th century!

I could be wrong, but I think the quality of their workers has gone up. I'm sure people realize the irony of a communist nation having similar working conditions that horrified Marx and Engels so much.
 

Maxim726X

Member
Cereal KiIIer said:
FALSE


The #1 holder is the American people. China is the largest foreign holder, but it only owns 32% of the US debt.


Thank you. I have never seen a 'fact' be incorrectly reported over and over and over again.
 

Cujshi

Banned
perfectchaos007 said:
But they are still cheating with unfair nearly free child labor. The US got rid of that in the early 20th century!

yeah, from using children labor, they moved on to killing them with bombs in order to steal their father's oil.
 

stilgar

Member
lightless_shado said:
I could be wrong, but I think the quality of their workers has gone up. I'm sure people realize the irony of a communist nation having similar working conditions that horrified Marx and Engels so much.

Yes, which makes it even more "bizarro wolrd communism" : the regime is currently trying to reform its medical care system, in order to make it more accessible to the poors.
 
Shin_Kojima said:
azjpd4.jpg
the meme that keeps on giving. amazing.
 
stilgar said:
Next step, join European Union. There's still plenty of room!



Actually, moving towards some kind of global government wouldn't be a bad idea. At least in terms of finally getting our shit together on renewable energy and climate related problems.

In the mean-time I'll be enjoying my big twin motorcycle till the bitter end.
 

Cujshi

Banned
shaft said:
- Stop going to war every 10 years
that;s actually only profit that US gets. they bomb a country cause there is no "democracy", then, when they destroy enough, they put their puppet as a "new democratic leader" and then, they do all the "rehabilitation" of the country with their companies doing all the work/taking most of the profit.
 

stilgar

Member
Fallout-NL said:
Actually, moving towards some kind of global government wouldn't be a bad idea. At least in terms of finally getting our shit together on renewable energy and climate related problems.

In the mean-time I'll be enjoying my big twin motorcycle till the bitter end.


I'm all for nations friendship and world peace, but I think a global government is a bad, bad concept. Take Europe : Greece is currently in a brain death state, partly because we integrated it way too soon. Convergence is a bitch : not only it takes ages, but sometimes it doesn't even happen at all. Also, democracy.
 

Busty

Banned
Truer today than ever before.

One thing is for certain. There is no stopping them. The ants will soon be here. And I for one welcome our new insect overlords

Relax. The space ants will sort everything out.
 

Yen

Member
Fallout-NL said:
Actually, moving towards some kind of global government wouldn't be a bad idea. At least in terms of finally getting our shit together on renewable energy and climate related problems.
A New World Order
 
Kabouter said:
Which countries? I think you'll find all of Europe deeply concerned with its own debt crises, Japan concerned with recovery from the tsunami, the developing countries concerned with, well, developing and drops in demand from the West etc. etc. Nobody's laughing, you're imagining things.

I think LQX is making the mistake of thinking youtube comment trolls are actual people. I mean, I guess there are some people who would love to see the US fall down, but they're either trolls, people who have no idea what they're talking about, or they just like to watch the world burn.
 
Cujshi said:
that;s actually only profit that US gets. they bomb a country cause there is no "democracy", then, when they destroy enough, they put their puppet as a "new democratic leader" and then, they do all the "rehabilitation" of the country with their companies doing all the work/taking most of the profit.

Profit for the companies, but for the American people? dunno.
 
stilgar said:
I'm all for nations friendship and world peace, but I think a global government is a bad, bad concept. Take Europe : Greece is currently in a brain death state, partly because we integrated it way too soon. Convergence is a bitch : not only it takes ages, but sometimes it doesn't even happen at all. Also, democracy.


Yes, half-measures aren't going to cut it. And that shows.
 

Kabouter

Member
stilgar said:
I'm all for nations friendship and world peace, but I think a global government is a bad, bad concept. Take Europe : Greece is currently in a brain death state, partly because we integrated it way too soon. Convergence is a bitch : not only it takes ages, but sometimes it doesn't even happen at all. Also, democracy.
Funny how opinions can differ, I would argue that Europe would have been better off had it integrated far more. The problem is that Europe has tied its economic fortunes together, but has not integrated politically to such a degree that it can enforce EU-wide agreements.
 

Cujshi

Banned
the "Democracy" doesnt work, and that is the only reason.

the main concept of the democracy is that people vote, and then they have their "peoples representative" to do their bidding. and that is mainly wrong cause it enables:

1. corruption
2. media manipulation
3. the fact that "people are NOT the one to rule", but their representative

in big countries, such as US, democracy totally loses it's value cause US educational system does not learn people ANY political knowledge whatsoever, and there is no point in voting for someone that "has a political plan" when you dont even understand every second word of that plan

in small countries, corruption, and media do the job of tricking people into wrongly voting. for example, here in belgrade suburbs, in Serbia, they made a 100 meters road, where there was none, and now whole neighborhood is voting for them (and the party that did that are the biggest douches)

so, im now gonna quote Winston Churchill on this one:

“The best argument against democracy is a five minute conversation with the average voter.”

and he is damn right. people should be ruled by few smart men, not the whole nation, cause nations are stupid. we just have to figure out a way to make sure that those few men are actually smart and good.
 
Cujshi said:
people should be ruled by few smart men, not the whole nation, cause nations are stupid. we just have to figure out a way to make sure that those few men are actually smart and good.
Let us know when you've figured it out, Plato!
 

jaxword

Member
stilgar said:
I'm all for nations friendship and world peace, but I think a global government is a bad, bad concept. Take Europe : Greece is currently in a brain death state, partly because we integrated it way too soon. Convergence is a bitch : not only it takes ages, but sometimes it doesn't even happen at all. Also, democracy.

A global government could work if all its members are content. That's what people really want out of life, if they're happy and content with where they are, they won't demand change.

However, there's too much economic disparity between the rich and the poor and their lifestyles. We'd have to give up much of our cushy lives of easy access to food, electricity, water, and, most importantly, entertainment for the third world to rise up and become equal.

Since we're not going to do that without a fight, a global government is not feasible.

It would take a (benevolent) dictator to come to power and force us all into a system that worked. That's not too likely.
 

stilgar

Member
Kabouter said:
Funny how opinions can differ, I would argue that Europe would have been better off had it integrated far more. The problem is that Europe has tied its economic fortunes together, but has not integrated politically to such a degree that it can enforce EU-wide agreements.


It's really an everything or nothing bargain, so I understand why you can support the utter opposite.

Economically, it's true our (UE) economies are intricated together, we are a big free market. Our models, however, differ a lot : Deutschland/Latino Land (France, Spain, Italy, Portugal)/Benelux/new members ... for example, the former is all for high-end industry, the latter makes money from social dumping.
I'd agree with you if it was for the little Europe, the 9 first : at least their GDP are more or less the same.

What you said after remains true : economically we went faster than politically. To me it's not only normal, but desirable. You don't build the political union of the jigsaw that is Europe in 50 years, not democratically at least.
 

Furret

Banned
Cujshi said:
the "Democracy" doesnt work, and that is the only reason.

the main concept of the democracy is that people vote, and then they have their "peoples representative" to do their bidding. and that is mainly wrong cause it enables:

1. corruption
2. media manipulation
3. the fact that "people are NOT the one to rule", but their representative

in big countries, such as US, democracy totally loses it's value cause US educational system does not learn people ANY political knowledge whatsoever, and there is no point in voting for someone that "has a political plan" when you dont even understand every second word of that plan

in small countries, corruption, and media do the job of tricking people into wrongly voting. for example, here in belgrade suburbs, in Serbia, they made a 100 meters road, where there was none, and now whole neighborhood is voting for them (and the party that did that are the biggest douches)

so, im now gonna quote Winston Churchill on this one:

“The best argument against democracy is a five minute conversation with the average voter.”

and he is damn right. people should be ruled by few smart men, not the whole nation, cause nations are stupid. we just have to figure out a way to make sure that those few men are actually smart and good.

Aren't you the guy that thinks aliens built the pyramids?

And Churchill's other famous quote on democracy is just as insightful: "Democracy is the worst form of government except all the others that have been tried."
 

Ace 8095

Member
People are so unbelievably ignorant when it comes to US debt. It's also hilarious that someone has the nerve to forecast 70 years into the future. If someone could accurately forecast GDP 6 months in the future they could be the richest person alive.
 

stilgar

Member
Ace 8095 said:
People are so unbelievably ignorant when it comes to US debt. It's also hilarious that someone has the nerve to forecast 70 years into the future. If someone could accurately forecast GDP 6 months in the future they could be the richest person alive.


Forecast are not made to be accurate, but to show in what direction is going your country/company/whatever if the conditions remain equal. I don't know how I'd react if a politician told me "Man, I can't take a decision engaging us for the years to come : I can't even know what this country will be in 6 months, LOL"

Some of us take forecast for predictions, and that's bad indeed.
 

Mato

Member
stilgar said:
I'm all for nations friendship and world peace, but I think a global government is a bad, bad concept. Take Europe : Greece is currently in a brain death state, partly because we integrated it way too soon. Convergence is a bitch : not only it takes ages, but sometimes it doesn't even happen at all. Also, democracy.


Greece was very much fit to join the European Union, it was the Eurozone it joined too early. And surely you don't mean to converge Greece to democracy.
 
I will repeat the cut defense raise taxes for rich to Bush 1 levels mantra till either it happens or we go bankrupt in stupidity. Still though, Paul Krugman said not to worry about it...
 

stilgar

Member
Mato said:
Greece was very much fit to join the European Union, it was the Eurozone it joined too early. And surely you don't mean to converge Greece to democracy.


Oh no I didn't.

And you well know that integrating Greece in the EEC was essentially a political decision after its transition to democracy; quite frankly, I am not qualified to say if it was fit or not, but joining the Eurozone was the logical next step for a country that integrated the EEC as early as 1981.

Something went way too quick here and again, it's not to ostracize Greece at all. But somehow, I think Euro-enthusiasm drove the European leaders to make some wrong choices.
 

Cujshi

Banned
Furret said:
Aren't you the guy that thinks aliens built the pyramids?

And Churchill's other famous quote on democracy is just as insightful: "Democracy is the worst form of government except all the others that have been tried."

I didnt say - aliens, learn how to read, helps on forums such as this one.

and, you know im right. US media makes Chinese people as if they were animals, savages, idiots and such - ok, please go into China and look for your self. Communism 10 times better than any other form of government.

1. Beijing, Hong Kong, GuangZhou, Shanghai and Shenzhen are better cities in terms of functionality than any other in the world. (I would place here Dubai and Abu Dhabi also)

2. System enables everyone to get what they deserve - no matter where and how in China you were born, based on your life and efforts you will be in a position to earn what you worked for.

3. China has no significant debt and a rising economy

4. China has total control of minority groups, so there is no possibility of Lybia, Egypt recent revolution scenario

5. there is no need for revolution cause government constantly improves living conditions

6. there are no unnecessary intellectual degradations such as "Jerry Springer" and other retarded western entertainment types. there are actually highly educated people that do the censorship

7. every city is dedicated to one particular production type (Shenzhen - techincs, Guangzhou - clothes) making China more productive than other countries

8. in order to reach certain levels of functionality in governments, you have to be highly educated and professionally dedicated, and not ex movie star (Arnold), or a thief from Serbia (Rod blagojevich)

and so on.

Communism ftw.
 

HylianTom

Banned
Polari said:
American hegemony is over, just like British hegemony was before it. I don't think your average American realises it though, which is understandable as there are few living Americans who have experienced otherwise. It's basically too late to really do anything about it now, the electorate simply won't accept the austerity measures required and even if they did, it's still too little too late.

If you think times are hard now, the bad news is they're going to get a lot harder over the next 30 years.

Agree.. you nailed it.

Things are going to get ugly around here. People throw hissy-fits when they have to wait in line at the grocery store or bank; imagine other "inconveniences" becoming more widespread in everyday life. Yikes.

At this point, I say: prepare yourselves in whatever ways you feel is appropriate for a lower standard of living. Make energy efficiency improvements to your homes. Kill your personal debts. Learn how to victory garden. If possible, move to where you're not so dependent-upon the damn car to get absolutely everywhere. Get in shape.

It's going to be an absolutely fascinating 30 years, but it will not be pretty.
 

dramatis

Member
The GAO site (http://www.gao.gov/special.pubs/longterm/debt/) is a pretty good place to learn more about the federal debt.

Going bankrupt doesn't mean the end. It's probably the next few generations that will suffer the most, but I'm sure as long as a meteor doesn't hit Earth or another World War breaks out that the U.S. will live to see 2100, maybe even 2200. (But of course we have to clear the hurdle of 2012 first.)

Cujshi said:
I didnt say - aliens, learn how to read, helps on forums such as this one.

and, you know im right. US media makes Chinese people as if they were animals, savages, idiots and such - ok, please go into China and look for your self. Communism 10 times better than any other form of government.

2. System enables everyone to get what they deserve - no matter where and how in China you were born, based on your life and efforts you will be in a position to earn what you worked for.

5. there is no need for revolution cause government constantly improves living conditions

6. there are no unnecessary intellectual degradations such as "Jerry Springer" and other retarded western entertainment types. there are actually highly educated people that do the censorship

8. in order to reach certain levels of functionality in governments, you have to be highly educated and professionally dedicated, and not ex movie star (Arnold), or a thief from Serbia (Rod blagojevich)

and so on.

Communism ftw.
No. No matter where you are, Communism or not, there is no system that can enable everyone to get what they deserve. Person A and Person B can put equal amounts of hard work and studying in, but there is only 1 spot at the university and one of them will have to be sacrificed. You cannot say the farmer does not work half as hard as the bureaucrat—then why does one live in a dilapidated shack and the other in a cushy apartment?

I would argue because the idea of 1 billion people rising in rebellion is terrifying is the reason why the government is pushing towards better living conditions. They understand the more people get educated the more complaints, the more demands, and the greater the thirst for control over their lives because the educated feel they are smarter and entitled to more. This is a "peaceful" revolution.

And even you cannot say there is no porn in China. "Unnecessary intellectual degradations" are not limited to boundaries of "West" and "East".

A technocracy relies heavily on the intelligence of its leaders, but also on their goodwill and human character. Men with more devious ideas seated in power will be unchecked in government, and there lies the problem. The government is not beholden to the people and therefore does not have to assent to the people's will. It is fear of revolution that keeps it striving to be better—philosophy is a moot point since the Communists are communists in nothing except name at this point. Otherwise the system wouldn't work; if the people are unhappy enough and given enough push, they will turn against the government.

It's easy to say because Arnold was a movie star, he got his job as governor. But that isn't the case. If all we ever looked at were grades and statistics, we would hire everyone with a 4.0 GPA (well maybe we do)—but those are not necessarily good leaders. Even I can understand why I might not get a job offer over someone else because that other person may have social skills and vision that I don't—things that do not show on a sheet that says you graduated with top honors from so and so prestigious university. In an election, the candidate not only has to have the fortune of choosing the right time and conditions to win, but also to take events and spin them in his favor, to be able to appeal to a wide audience, to be able to bring in the dough from donors, to have a vision for the future, and the judgment of choosing good advisors. "Highly educated" and "professionally dedicated" don't give you all those things.
 
I don't understand how universal healthcare will solve the deficit. Do people not know where money for government programs comes from?
 

Kabouter

Member
BigPickZel said:
I don't understand how universal healthcare will solve the deficit. Do people not know where money for government programs comes from?
The problem with the current system is that it disincentivizes preventive medicine, and encourages people to delay visits to the doctor. What this means is that by the time people do seek treatment they are generally quite a lot sicker than they would have been in a different system, and as a result cost a lot more to treat.
 

GCX

Member
USA is so important to world economy that everyone would try every possible option to keep it alive. EU is keeping Greece on life support by pumping hundreds of billions of euros into its economy. I don't even want to think what kind of bailouts USA would require to survive.
 

freddy

Banned
You're going to need a lot of oil to power the invasion of China. Better get onto annexing Iran in the next ten years I reckon.
 

FStop7

Banned
maybe we should spend/print less money. particularly maybe we should spend less (or no) money on slaughtering brown people half a world away over dinosaur juice, while back here we make jokes about it.

radical idea, i know.
 
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