When the bill comes due . . . will Americans pay, default, or just never, ever open the mail box . . . ?
2007-11-26 23:54:47 · 6 answers · asked by CHARITY G 7 in Politics & Government ➔ Other - Politics & Government
For those of you who live under a rock . . . the bill is social security.
2007-11-27 00:11:22 · update #1
This raises several questions, actually.
Of course, no one denies that Social Security is going bankrupt, the million dollar question there is when.
With a growing deficit, is the nation following it into bankruptcy. Other than a few confused talk show hosts, the rest of us listen to the real news and understand the troubles of a nation living off of money that is not there.
We have not a portion of the reserve of gold and silver to cover the money we have printed, if we were a individual, it is the same thing as living from credit card to credit card. Using one credit card to pay off another credit card and growing deeper in debt the whole time.
Now, with the other financial super powers growing stronger every day- the euro, the tokyo exchange and the chinese- respect for the dollar has been in a steady decline over the last few years (the only time the dollar has grown over any kind of serious time frame is the oddity of a democratic president and a republican congress. leave the names out and the political preferences, we are talking facts and figures, numbers and financial history).
Since we already have a democratic congress and at least a 50/50 chance of a democratic president, I'd say it is obvious we are in trouble for the next half to full decade.
We've run through most of our natural resources and since Reagan and james watt, research has pretty much been off of the table, so the only thing our very young country had that allowed global domination, is dissipating, other powers are growing and we continue to waste and over spend.
Financial future looks grim for a country hated in most of the world for minding their business instead of our own.
LOL, I believe the answer to ur question is that most will not open the mailbox and the result will be default of the american aged. With the most expensive medical care in the world for just the same services as available in other industrialized nations, skyrocketing houseing and fuel which is fueling higher and higher food prices. I see a lot of people (older and younger) going without medicine and food.
2007-11-29 05:11:57 · answer #1 · answered by paigespirate 4 · 0⤊ 0⤋
If people are still depending on social security for retirement then good luck starving. A variety of investment options have been available as aid or alternative to social security. Social security pays the national debt and I just dont see how the younger population can count on it much less the geezers. Right about now it would be great for everyone to begin 401ks if you havent already and work on a savings. We have the ability to live longer which means with that desire comes responsibilty to plan for those longer years ourselves.
2007-11-27 08:50:58 · answer #2 · answered by Anonymous · 0⤊ 1⤋
The real bill is for this Presidents 9 trillion dollar debt that will devastate Social security and probably the security of the United States itself !!
2007-11-27 08:14:13 · answer #3 · answered by Anonymous · 1⤊ 0⤋
When you can't afford it,you can always ill afford it and USA knows it better than any other country.A country with negative personal savings and highest balance(minus) of payment and lowest growth rate has the know how to survive and elderlies shall be as safe as others.
2007-11-27 08:50:48 · answer #4 · answered by brkshandilya 7 · 1⤊ 0⤋
I think that the elderly will either go to carousel or get turned into soilent green.
2007-11-27 08:53:04 · answer #5 · answered by flesh 3 · 1⤊ 0⤋
Can you be more obtuse and incoherent. Which bill?
2007-11-27 08:02:01 · answer #6 · answered by Anonymous · 0⤊ 1⤋