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7 Reasons Americans Are So Complacent About Our Country's Impending Bankruptcy

Stan432 Wrote: Jun 26, 2012 1:56 PM

No one really knows, but doing some simple things like raising Social Security to 70 would do a lot (but not help unemployment). But, even if you freeze the level of spending, cut regulations, private sector growth and slow and steady inflation will take care of a lot of the problem. But the more we wait, the less likely it will work.

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7 Reasons Americans Are So Complacent About Our Country's Impending Bankruptcy

America is on track to go bankrupt. Just like Greece. The signs are all around us. We've lost our AAA credit rating. Trillion dollar deficits are the new normal. The Fed is buying 61% of our own debt. Barack Obama's 10 year budget will leave Americans with “more debt than has been accumulated by all previous Presidents in American history combined.” Nobody on the Left or Right seems to believe we'll ever pay off all of the money we owe. Life as we know it is very close to ending and yet Americans seem to be...

Related Tags: Debt Deficit Bankruptcy Credit Rating Americans