How do you feel about the pending collapse of the American Economy?

Question

It can' t go on forever. Borrowing , records deficits, tax cuts, and a war on terra. If the American economy continues on its present course it will collapse.

Answer 1

The economy is getting back on its feet and is stronger than its been in the past 9 years. Here's some proof: http://vpoet.net/flash/youare.swf

Answer 2

I'm encouraged by the recent record growth in the economy however I do acknowledge it is precarious at best.
Unfortunately it would merely take some simple steps to fix the problem if only someone had the will to do so.
The solutions will be unpopular, politically incorrect and be labeled racist, fascist, etc.
Who among Washington has the willpower to do what needs to be done in spite of these baseless accusations.
First and foremost the idea that tax cuts have somehow exasterbated the problem is false. On the contrary, our record growth of late is due to those tax cuts putting money back into our pockets.
Socialists refuse to accept that growth only comes from Consumer spending, Government has never made a dollar in its long existance, it can only spend money therefore the answer for Economic Growth will never be found in the hallowed halls of Washington but in the shops and stores on Main Street USA.
Secondly, much of the reason America has aquired such debt is due to Politicians being to generous with our hard earned money and forgiving debts that other Nations owed to us....I didn't get to vote on that, did you?
The Federal Defecit would quickly be eliminated with a National Sales Tax replacing Personal Income Tax. This would continue to further stimulate personal spending which will in turn fulfill the debt.
However the House and Senate must be held more accountable for their stewardship of our money. The people must have an opportunity to vote on any Pork Barrel Programs before they are implemented.
Our Legislators should not be giving themselves raises, they work for us. You and I need to make that decision, of course they know the answer, that's why it is not our decision.

Answer 3

Actually, the economy is just a paper economy based on an illusion anyway. Farmers would still plant and reap, people would go on with their lives, it's just that there would be less money to spend on things that we don't need anyway...Don't worry, the government will just do what's it's been doing for fifty years--start another war, get the people's minds off the economy and worrying about some illusionary enemy. People will walk or ride more bicycles, which will be a good thing.

Answer 4

exciting question. i imagine contained with regards to the monetary gadget using panic and worry as a gadget to fabricate consent changed into instrumental in ramming through the impressive $seven hundred billion bailout invoice. worry,panic and revenge are effectual human thoughts that were effectively used through the Bush administration to entice u . s . a . of america into an unlawful and senseless conflict lower than fake pretenses following the tragedy of 9-11. through an identical token, the GOP is now employing irrational worry (through baseless allegations of Ayers being a pal of Obama's) to purpose to desperately divert human beings's interest far off from the monetary gadget. it really is a distraction organic and easy and an indication that McCain's fortunes are without delay dwindling. To me, it really is a Hail Mary on the component of McCain and Palin. Will human beings be fooled again? because the declaring is going: you could fool a number of the human beings a number of the time. you could fool all the human beings for all time. yet you could not fool each and each of the human beings for all time. Which one will or not it really is this time?

Answer 5

Japan has 700 billion in debt, China 600 billion (out of a debt of 9 trillion).
How does this even get paid back?

Answer: never!

Answer 6

You seem to think that the USA debt is independent of the world...

If the USA goes into collapse.. all of the world will suffer.. some much worse than us.

Answer 7

Clinton at least paid off the deficet a few years, which is the interest that grow each year on the ammount we owe. Somethings got to give eventually.

Answer 8

Gm, ford, and Chrysler are all relocating in China, so are most other businesses, pretty soon we all go on welfare and blame the democrats, that the checks keep bouncing

Answer 9

The roof's gonna cave in a lot sooner than most economists think.

Answer 10

The secret plan is collapse the economy to incite rioting, then institute martial law in order to implement THESE plans NEXT!...
http://www.global-conspiracies.com/fema_concentration_camps.htm
http://www.gnn.tv/threads/9229/FEMA_DEATHCAMPS_AND_THE_RED_AND_BLUE_LIST_UNDER_MARTIAL_LAW
Who do you think the REAL targets will be in regard to Bush's new torture laws!?...