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It's not that bad

July 1 2012 at 9:20 AM
  (Login Nafana)
Forum Owner


Response to The Bottom, Pt II

 

Well I think the effect of the European debt problem on the US economy is being exaggerated. It may worry investors who hold foreign investments but the amount of commerce between the US and Europe is a small percentage of our economy as a whole.

And from what's I've read Social Security is solvent to 2027 even if without changes and I'm sure changes will be made that will keep it viable. Its going to take sacrifice on everyone's part to get us back on track. But so far the only people who are sacrificing is the poor and middle class. The rich continue to make outrageous amounts of money while paying the lowest tax rates in history. It just amazes me that so many people have bought the Republican bullshit that taxing the rich will hurt "job creation". It just isn't true.

And there is hope- I've read that Chinese workers salaries are rising much faster than expected so the cost benefit of manufacturing overseas is shrinking and many of those jobs may be coming back to the US in coming years. But it will mean higher prices- and not the over-generous salaries and benefits of the past. We are going to have to roll back our living a notch- but it may be good for us to get back to simplicity of the past when a typical family managed fine with a modest house, one car, one TV, and so-forth. I think we agree that life was pretty good back then.

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  1. The National Debt - Bob on Jul 3
    1. Re: The National Debt - Nat on Jul 3
      1. Re: The National Debt - BlueTrain on Jul 5
        1. Printing money - Nat on Jul 5
        2. Re: The National Dept. - Bob on Jul 7
          1. Re: The National Dept. - Nat on Jul 7
          2. Re: The National Dept. - BlueTrain on Jul 9
            1. Social Security - Nat on Jul 9
              1. Re: Social Security - BlueTrain on Jul 9
                1. Common sense - Nat on Jul 9
                  1. Re: Common Sense - Bob on Jul 10
                    1. Modern politicians - Nat on Jul 10
                      1. Your daughter is a Nurse Practitioner? - Bob on Jul 11
                        1. Gas shortages, medical dictates, CNP - Nat on Jul 11
                          1. I Stand Corrected - Bob on Jul 11
                            1. Insurance collusion - Nat on Jul 11
                              1. You can say that about anything, Nat - Bob on Jul 11
                                1. Anwser me this... - Nat on Jul 12
                                  1. Re: Answer Me This - Bob on Jul 12
                                    1. Re: Answer Me This - BlueTrain on Jul 12
                                  2. Re: Anwser me this... - BlueTrain on Jul 12
                                    1. Gee Blue - Nat on Jul 12
                                      1. Nary a clue - BlueTrain on Jul 12
                                        1. Ten policies - Nat on Jul 12
                                          1. Re: Ten policies - BlueTrain on Jul 12
                                            1. Hardly - Nat on Jul 13
     
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