US Collapse or Civil War

[August1991]

1. Government (federal/state) debt becomes a Ponzi scheme.

2. Racial/woke people and normal people get into a stupid argument.

3. Poor people want more from rich people.

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I reckon that the US will manage all these current complaints.

[August1991]

China and India, I'm less sure.

[August1991]

The US is pay-as-you-go.

https://www.realclearpolitics.com/articles/2023/12/12/how_might_we_reform_social_security_part_i_150177.html

In Norway and Quebec, we have the false illusion that paper is a legitimate claim. 

[sharkman]

11 hours ago, August1991 said:

The US is pay-as-you-go.

https://www.realclearpolitics.com/articles/2023/12/12/how_might_we_reform_social_security_part_i_150177.html

In Norway and Quebec, we have the false illusion that paper is a legitimate claim. 

If by that, you mean that the US is broke, then I agree with you.

They just crossed the threshold of 1 trillion per year to service their debt.  (How many on this forum don’t even know what that means?) Which is of course, unsustainable.  

Edited December 13, 2023 by sharkman

[August1991]

On 12/13/2023 at 11:12 AM, sharkman said:

If by that, you mean that the US is broke, then I agree with you.

 

In Quebec, like Norway, we have this bizarre paper claim on future real wealth.

In Norway, it is called the  https://www.nbim.no/

In Quebec, it is the Caisse - bas de laine.

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You Americans correctly have a different idea of a sustainable society.