Money

Question: In the future, where will the u.s. obtain money for its upkeep? [part ii]?

(Posted by: PJ on 2010-03-09 02:32:08)

But now that the rest of the world has caught up, those good ol' days are somewhat gone yet America will never go back to the pre- glory days of minimal to no "goods & services, " we just can't live the way it was oh way back when. It's ultimately analogous to the popular saying that goes: "mankind cannot go back living to how it was prior to the industrialized age. " We just can't! And even if we drastically cut on spending & increase taxes by the tenfold, both will not be enough to "stop the bleeding. " And with the impending passage of Health Care Reforrm, our national debt then will really be enormous yet we ought not to blame the Democrats because it's just a given fact - the U.S. standard of living is just such that it cannot be found in any other country of the world yet we can never go back to how it was. (Indeed, the U.S. does take very good care of its people as compared to all countries of the world.) Hence, we will always need money to take care of our citizens as well as to keep our country going. But where will we get that money in the future? Ultimately, we can only borrow so much from China or from our future generations that sooner or later, something has to give! Or in other words, we have to give up something in order to sustain our way of living. It might not be conceivable now (I'll surely get curse by the next statements) but perhaps in the future, the only way we can get trillions of dollars to pay our humongous debt (once our creditors starts demanding us to pay) as well as to sustain our budget well into the next couple of centuries is to do the unthinkable - sell some of our real estate. What land would that be then? Well, it will of course be determined thru a vote by all Americans. And most likely, it will be a land least inhabited so that its people can be relocated to the other 48 states where there's still huge tracts of open land for people to re- settle in. In turn, we get the much needed money (say, $500- 700 trillion) to keep our country going well into the 23rd century! Now that's not a bad deal at all given the fact that the land we sold was only bought for $20 million back in the 18th. And even if the people there tries to secede, it will be futile because even if some people in some of the states now want to secede being unhappy with where the U.S. is heading, their wishes is to no avail because the U.S. as a whole won''t allow them to secede claiming that it's tantamount to treason. And of course, majority always win! But overall, this could very well be the scenario in the not so distant future because we can never go back to how it was & so, we will always need the infusion of cash to keep on with our defense budget, social programs & other human services, excellent education, public works & infrastracture, upkeeping our environment & providing international aid to countries stricken with natural disasters, continue exploring space, & so many other projects & endeavors of necessity that I failed to mention.

Posted by: fruitsalad on 2010-03-09, 02:58:37

Greece is in financial trouble and may possibly have to look at selling off some of its territory. Good fiscal management is very important. It's silly to think it's not possible.

Posted by: Inca Yebail - The 6th profit. on 2010-03-09, 03:21:13

The problem that you are trying to comprehend is much larger than you believe. I'll try to explain one small part as I see it: The USA today, is like Germany in the 1930's, it's population is being moulded into a fear-filled fighting-force by the US "entertainment " industry, which is controlled by big-business! History has proved - on many occasions - that populations can be told "anything " by their "news " readers, and that they very nearly always accept what they are told as truth. Only a few of us have recognized the deception to which we are being subjected: but you try telling anyone! Big-business also owns the weapons manufacturers which will provide all the weapons necessary for the up-coming conflicts. US tax-payers are having their tax-money paid, in fantastic sums, to weapons manufacturers, for weapons for the wars which will recover the US from it's current economic free-fall. Which hasn't even begun yet. The wars will begin following more ffalse-fflag-tterrorist acts. While the EU has resolved the majority of capitalism's problems, the USA still lives in the political dark-ages. US citizens may have it drilled into them - endlessly - that their's is the free-est, most democratic, peace-loving country on the planet. However, the rest of the planet can see that the complete opposite to these three statements is much closer to the truth. People of the US "need " to stop this, elect governments which will not follow the demands of the War industry. DON'T JOIN THE MILITARY.