In the context of this Wager, the term “collapse” means that key components of the infrastructure of American life, ... will have been compromised so profoundly that our lives will have been fundamentally changed.
Read Howard's criteria and vote.
In the context of this Wager, the term “collapse” means that key components of the infrastructure of American life, ... will have been compromised so profoundly that our lives will have been fundamentally changed.
Today, President Clinton will announce that The United States is on course to eliminate its public debt within the next decade. The Administration also announced that we are projected to pay down $237 billion in debt in 2001. Due in part to a strong economy and the President’s commitment to fiscal discipline, the federal fiscal condition has improved for an unprecedented nine consecutive years. Based upon today’s new economic and budget projections for the coming 10 years from the Office of Management and Budget (OMB):
The United States can be debt-free this decade. By dedicating the entire budget surplus to debt reduction, The United States can eliminate its publicly held debt by FY 2009. The next Administration and Congress will need to decide what priorities to address: eliminate the public debt by FY 2010 and still use part of the surplus for responsible tax cuts, prescription drug benefits for Medicare recipients, and investments in key priorities like education and health care.
seahorse3 wrote:Unfortunately, we have already collapsed.
vtsnowedin wrote:What many fail to see is the intertwined nature of the US economy. Let some key industry fail ,such as the auto industry, and the falling dominoes that are dislodged by that can bring down the whole economy and with it society and civil order.
I don't see any leadership with a clue of how to balance the books and the bills will certainly come due. When that happens there will be a decline or collapse and you will be able to measure it by the millions of Americans that have died. Perhaps thirty to fifty million. Not to worry though as world wide it will probably amount to two or three billion so we will still be at the head of the pack. Small consolation though if your one of the Americans that has died.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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