With the deficit increasing at an exponential rate every year (and the actual deficit including promised retirement benefits being much higher than the reported deficit), and social programs on the road to bankruptcy, will Americans riot in the streets if/when the government teet runs dry?
Please don't make this a partisan debate. Obama's spending is crazy, but Republicans were no better; their claims of fiscal responsibility stem from said responsibility being the flavor of the month. The last President to balance the budget was Clinton.
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Will America be the next Greece?Follow
No, but it makes a great talking point.
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
I don't think the US has nearly the same sense of entitlement when it comes to these benefits as certain European countries seem to have. I wouldn't count on this being an issue.
Can't sleep, clown will eat me.
I think most Americans are too complacent to consider taking part in riots.
Server: Midgardsormr
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I think RDM's neurotic omniscience is sooooooo worth including in any alliance.
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IcookPizza wrote:
I think RDM's neurotic omniscience is sooooooo worth including in any alliance.
allenjj wrote:
Please don't make this a partisan debate.
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
From all reports it looks like Spain, Portugal, or Ireland will be the next Greece.
Note: It's entirely possibly I'm confusing news stories and one or more of those countries is not approaching meltdown stage. I'm like 95% sure Spain is, though.
Note: It's entirely possibly I'm confusing news stories and one or more of those countries is not approaching meltdown stage. I'm like 95% sure Spain is, though.
TirithRR wrote:
I don't think the US has nearly the same sense of entitlement when it comes to these benefits as certain European countries seem to have. I wouldn't count on this being an issue.
I don't think the people in the U.S. realize just how much they get in subsidies from the Federal government. If we had to enact some austerity measures and the half of the country that currently has no Federal tax liability suddenly found themselves on the hook for their fair share, you'll see exactly where our sense of entitlement lives.
MoebiusLord wrote:
TirithRR wrote:
I don't think the US has nearly the same sense of entitlement when it comes to these benefits as certain European countries seem to have. I wouldn't count on this being an issue.
I don't think the people in the U.S. realize just how much they get in subsidies from the Federal government. If we had to enact some austerity measures and the half of the country that currently has no Federal tax liability suddenly found themselves on the hook for their fair share, you'll see exactly where our sense of entitlement lives.
Something like these two, our problem lies on the other end of the spectrum. We may not have the 'sense of entitlement' or whatever, but we hardly have to will to pay for what we do have. I don't see us undergoing the same process as Greece. More likely we'll just weaken the federal government and ask the state governments to pick up the tab; until things get to the point where we'll all see it in our best interest to go our separate ways.
That monster in the mirror, he just might be you. -Grover
Moe wrote:
I don't think the people in the U.S. realize just how much they get in subsidies from the Federal government. If we had to enact some austerity measures and the half of the country that currently has no Federal tax liability suddenly found themselves on the hook for their fair share, you'll see exactly where our sense of entitlement lives.
This worries me, but Social Security seems like a bigger trigger, especially for my generation. If Social Security bankrupts, my generation will have spent our entire working lives paying into a system that breaks just a few years before we would be eligible for benefits.
As silly as it seems, many people still view Social Security as their biggest form of future retirement income. Take that away and you're going to have some seriously pissed-off 40 and 50-somethings.
MoebiusLord wrote:
I don't think the people in the U.S. realize just how much they get in subsidies from the Federal government. If we had to enact some austerity measures and the half of the country that currently has no Federal tax liability suddenly found themselves on the hook for their fair share, you'll see exactly where our sense of entitlement lives.
What do you include in subsidies?
Alma wrote:
I lost my post
Elinda wrote:
MoebiusLord wrote:
I don't think the people in the U.S. realize just how much they get in subsidies from the Federal government. If we had to enact some austerity measures and the half of the country that currently has no Federal tax liability suddenly found themselves on the hook for their fair share, you'll see exactly where our sense of entitlement lives.
What do you include in subsidies?
All dollars either
a) paid by the Federal government or a Federally funded N.G.O. directly to a U.S. corporation or individual
b) in tax payments to the Federal government by a corporation or individual reduced by a tax law loophole (exemption, credit, etc.)
that do not fall in to 30 enumerated powers of the Federal government, as defined by the constitution.
America already has it's version of Greece. It's called Detriot and if you don't like that version just wait a little while longer for version 2.0. California.
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