If you're thinking about Iraq, that's just a drop in the bucket compared to what the baby boomers will be bringing in soon.

 

 

 

I read about this elsewhere earlier, but then this video on youtube caught my attention.

 

 

 

 

 

 

Ron Paul for president please.

a) This has been known for... a very long time.

 

 

 

B) Social Securities going kaput >_>.

Interesting :-k. I need to remember to talk to my accounting professor about this when I return to school Monday.

And when Bush brought this up years ago, everyone laughed like it wasn't their problem.

 

 

 

I've already invested in my future and am estimating about 2.3 million dollars will be saved up for my retirement (and I haven't even started factoring in money I will add to the CD's).

 

 

 

I've known for years that Social Security won't be paying me a red cent.

I already have a plan.

 

 

 

Get a good business going, then take 50% of my profit and convert it into European Dollars stashed away in a Euro bank.

 

 

 

That way if America ever did hit the big one, I won't be broke.

I've known this for quite a while too. If something isn't done. It'll get to the point where the ratio is 1:1. So one person will single handedly be paying entirely for another person's Social Security. Not good, not good at all.

I already have a plan.

 

 

 

Get a good business going, then take 50% of my profit and convert it into European Dollars stashed away in a Euro bank.

 

 

 

That way if America ever did hit the big one, I won't be broke.

 

 

 

Its called the EURO. Not european dollar :roll:

Lmao another Ron Paul Supporter?

 

 

 

Go Obama 08!!

So what's Paul's plan to halt this?

I see why Canada will be getting Immigrants from below us... :-#

So what's Paul's plan to halt this?

 

 

 

Same as Bush, privatize it. Which in my opinion would stop abuse, streamline the system and actually make it useful.

It really really really really really really will not happen. No way.

 

 

 

And if it does, shame.

It really really really really really really will not happen. No way.

 

 

 

And if it does, shame.

 

 

 

Uh...It's GOING to happen, every competent analyst in the U.S. can confirm that.

It really really really really really really will not happen. No way.

 

 

 

And if it does, shame.

 

 

 

Uh...It's GOING to happen, every competent analyst in the U.S. can confirm that.

Fair enough, sorry. My understanding isn't really good enoough.

 

 

 

I just can't understand how it can happen in the most powerful and richest country in the world. :?

It really really really really really really will not happen. No way.

 

 

 

And if it does, shame.

 

 

 

Uh...It's GOING to happen, every competent analyst in the U.S. can confirm that.

Fair enough, sorry. My understanding isn't really good enoough.

 

 

 

I just can't understand how it can happen in the most powerful and richest country in the world. :?

 

 

 

Um... You are aware we're talking about the US, right? It's probably not the most powerful and is definately not the richest country.

It really really really really really really will not happen. No way.

 

 

 

And if it does, shame.

 

 

 

Uh...It's GOING to happen, every competent analyst in the U.S. can confirm that.

Fair enough, sorry. My understanding isn't really good enoough.

 

 

 

I just can't understand how it can happen in the most powerful and richest country in the world. :?

 

 

 

Um... You are aware we're talking about the US, right? It's probably not the most powerful and is definately not the richest country.

 

They are the richest country.

 

 

 

And money is power. :wink:

There is little doubt that the US is the most powerful country as well. There's a reason that the President of the USA is the most powerful office in the world.

It really really really really really really will not happen. No way.

 

 

 

And if it does, shame.

 

 

 

Uh...It's GOING to happen, every competent analyst in the U.S. can confirm that.

Fair enough, sorry. My understanding isn't really good enoough.

 

 

 

I just can't understand how it can happen in the most powerful and richest country in the world. :?

 

 

 

Um... You are aware we're talking about the US, right? It's probably not the most powerful and is definately not the richest country.

 

 

 

It still has slightly more political influence & power than China and Russia, but it's total economy is now lagging behind the EU, and by PPP (purchasing power parity) it's now only the 10th richest country in the world (source: CIA world factbook).

 

 

 

Also, in the US, the richest 1% of the population owns 38% of all the wealth and money, so you can barely even say the country itself is "rich"; It just has a large amount of plutocrats and corporate business owners compared to other western nations.

 

 

 

The only thing still keeping the US a major power is it's huge annual investment in the military (The US spends more on it's army than the rest of the world's 200+ countries spend combined), which keeps it's political influence alive.

 

 

 

Still, with that kind of military spending, it's sad the country has millions of people working on minimum wage, it has homeless people, inadequate healthcare for citizens... :?

It really really really really really really will not happen. No way.

 

 

 

And if it does, shame.

 

 

 

Uh...It's GOING to happen, every competent analyst in the U.S. can confirm that.

Fair enough, sorry. My understanding isn't really good enoough.

 

 

 

I just can't understand how it can happen in the most powerful and richest country in the world. :?

 

 

 

Um... You are aware we're talking about the US, right? It's probably not the most powerful and is definately not the richest country.

 

They are the richest country.

 

 

 

And money is power. :wink:

 

 

 

Does that factor in the $9+ trillion in debt?

It really really really really really really will not happen. No way.

 

 

 

And if it does, shame.

 

 

 

Uh...It's GOING to happen, every competent analyst in the U.S. can confirm that.

Fair enough, sorry. My understanding isn't really good enoough.

 

 

 

I just can't understand how it can happen in the most powerful and richest country in the world. :?

 

 

 

Um... You are aware we're talking about the US, right? It's probably not the most powerful and is definately not the richest country.

 

They are the richest country.

 

 

 

And money is power. :wink:

 

 

 

Does that factor in the $9+ trillion in debt?

#

 

 

 

Trillion? :lol: haha

 

Trillion? :lol: haha

 

 

 

Not sure which part you find funny.. :? The US national debt IS around $9 trillion dollars.

 

 

 

Or maybe you didn't know trillion is a real number as well... 9 trillion dollars= 9000 billion dollars.

 

 

 

If that's still hard to grasp, americans owe over 9000000000 million dollars to other countries. Each citizen of the US is about $30,000 in debt to other nations. That's almost the amount the american economy is worth annually.

[hide]

It really really really really really really will not happen. No way.

 

 

 

And if it does, shame.

 

 

 

Uh...It's GOING to happen, every competent analyst in the U.S. can confirm that.

Fair enough, sorry. My understanding isn't really good enoough.

 

 

 

I just can't understand how it can happen in the most powerful and richest country in the world. :?

 

 

 

Um... You are aware we're talking about the US, right? It's probably not the most powerful and is definately not the richest country.

 

They are the richest country.

 

 

 

And money is power. :wink:

[/hide]

 

 

 

Does that factor in the $9+ trillion in debt?

By richness people generally mean turnover ie. GDP. Because if you were factoring in that dabt, the US would be the poorest country in the world. It isn't.

 

 

 

It still has slightly more political influence & power than China and Russia, but it's total economy is now lagging behind the EU, and by PPP (purchasing power parity) it's now only the 10th richest country in the world (source: CIA world factbook).

But with that being per capita, it isn't really all that reliable since countries like Bermuda, Equatorial Guinea and the UAE will probably have such a high Gini Index compared to some of the more developed countries.

 

 

 

Edit: Looking on wiki, this might put a different swing on the subject.

http://www.brillig.com/debt_clock/

 

Trillion? :lol: haha

 

 

 

Not sure which part you find funny.. :? The US national debt IS around $9 trillion dollars.

 

 

 

Or maybe you didn't know trillion is a real number as well... 9 trillion dollars= 9000 billion dollars.

 

 

 

If that's still hard to grasp, americans owe over 9000000000 million dollars to other countries. Each citizen of the US is about $30,000 in debt to other nations. That's almost the amount the american economy is worth annually.

 

 

 

Although I agree with you, your statement isn't entirely correct. According to gov't site(dl the links), we owe about 4-5 trillion dollars to our own treasury.

The same thing that happened to Rome in ancient times is going to happen to the US. The US is too powerful, and it's power will be it's downfall.