Likelihood of financial collapse in America

Just curious to know what everyone's crystal ball is saying about the future, so I'm posting a couple of polls. This one just asks how likely you think it is we'll have an economic collapse rather than a recovery.

 

After this last election, I still have hope of a reversal of the trend which would have made me vote for 76 - 99%. Thus, I would have to say it's too early to say.

 

If they print more wall paper .it's a sure thing !!

 

I think that terminal damage has been done, and I doubt that there is any way to avoid an economic collapse.
The government will probably call it by other names, but when they keep spending like drunken sailors, (no offense Tac and other Vets), and just keep printing money making what is already in circulation worth less, there is no way out.

 

I see the early part of 2011 as being our last opportunity to turn around. I'd like to be more positive but I'm afraid we are going to see very serious times in the country before too much longer. The first 60 to 90 days of next year will tell which direction we are headed. If Washington doesn't really start listening to the people, the USA as we know it today will not make it.

 

Personally, I believe it's too late. Here's my thinking:

1) It's really hard to climb out of a hole without actually producing things. Other than bubbles, we don't make much here anymore.

2) It's really hard to climb out of a hole without abundant cheap fuel. Those days are over.

3) It's really hard to climb out of a hole that is much deeper than you are tall. Our actual debt (before unfunded liabilities) exceeds our actual GDP (before hedonics, pie in the sky projections and outright bull****).

4) It's really hard to climb out of a hole while the government is busy digging it deeper with further moronic regulation and deficit spending.

5) It's really hard to climb out of a hole when interest on debt will surpass total revenue to government the moment an uptick in economic activity forces interest rates up from zero.

If we faced only one of these challenges, I would be optimistic. Two, I'd be concerned. All five and I'm betting our only way out is forward, through a collapse.

Thoughts?

 

Could not agree more or have said it better.

 

I went with 51-75 just in case by some miracle the district of columbia gets sucked into the black hole caused by one of them dividing by zero before any one notices them missing.

and the states can say, hey that wasn't our debt, it was those idiots in dc and they don't live here no mo'

 

To The Brink & Beyond

As we witnessed the cooperative strides toward the edge of the precipice and beyond, I marveled at the Republican contributions (excess spending and failing to check the destructive tendencies of the far left) to get us to where we are today.

We are in a bad place and our prospects for any return to "normalcy" appear to be dimming.

When you look at the world stage and why we are here (in a bad place) and why we are likely to stay here for a while (run-away inflation could erase even our budget deficits if they last long enough--although that may destroy the USA as we know it), it's hard to generate an optimistic outlook.

President Obama has 2 full years to continue to work his special brand of mischief upon our land and our former way of life.

Make no mistake, we have passed the point of no return. Failure, melt-down, catastrophe, whatever you want to call it, it is stalking us and licking its chops. It's just a matter of time, now.

 

I choose to be more optimistic... around 25% chance... most of the bankers and big money folks couldn't take the chance of loosing everything... so they will make descisions that will allow them to continue with the current status quo... Things will be tough but for the foreseable future 5 years... we are safe... if not thats what we prep for...

 

Trust me the elites already have their gulfstreams gassed up and the overseas luxury retreat all set for them. They won't go down when our economy does. The only way to avoid this coming debacle is to 1.) Bring back manufacturing through a combination of increasing right to work laws to thwart unions, reduction of all the BS regulation (OSHA,EPA,Etc), Get rid of the Davis-Bacon act, Tariffs for countries that don't have our environmental and labor laws. 2.) Be straight up with the people and tell them and then do it. An across the board ten percent reduction in all entitlements. Veterans benefits, SS, Medicare, Civil Service retirement, welfare, food stamps, unemployment, etc. 3.) Bring all our overseas forces home. We can't afford it unless the host country is willing to foot the bill. 4.) Prosecute and jail every financial flim flam artist like the folks who came up with the no-doc loan, Henry Paulson, Lloyd Blankfein, Alan Greenspan, Timothy (tac cheat) Geithner. You get the picture.5.) Somehow pass an absolute law that every elected official must comply with every law that we have to. I bet this TSA crap would end overnite if that was the case.

Now if you believe that those things or something similiar will be done by our leaders, you are definitely an optimist. I think we as a people could make it happen. I don't think our population has been hurt enough yet to get motivated.

 

Yeah, we can all rest easy when Benny and the Inkjets are on the job!

 

Because at one time in this country, you could exchange $5.00 in paper money for it. Try doing that now!