09 December 2011
Will USA survive till 2025?
While I disagree with Pat Buchanan's notion that America is founded on a Christian value and it will be the Christian value to hold America together, the signs of the collapse of USA are too obvious to anyone. It is strange that those within USA cannot see it coming. You may buy the 4-hour audio book via the Amazon link or download here.
Financially, there are two problems:
(1) 15 Trillion government debts which is about 100% GDP of USA, and with about another 55 Trillion (present discounted value) of committed medicare and social securities in the pipeline.
(2) The trade deficit has been increasing and there is no sign of reversal. We all know that a household cannot get out of trouble by more borrowing, ditto for a country.
However there are some good news. Of the 8 Trillion, only 8% are in foreign ownership. That means if USA government defaults, if won't be a foreign power forcing her to do so. Of the 55 Trillion debts for the future, a large trunk is related to healthcare. At present, USA is spending, per capital, twice as much as the average of developed countries (the next 4 highest spenders average USD4000 per capital verses USA's UDS8000) [source], adapting any other country's healthcare system will save the government at least half of the CBO debts.
Socially, there are
(1) large inequalities of income
(2) overblown healthcare expenses
(3) declining performances of the educational system [some sample data]
(4) delusional public wishful thinking that a god may save you
Politically, the current system is completely corrupted.
It is dominated by warmongers. USA is currently engaged in two wars (that we know of) and maintaining a huge number of military bases oversea . The defense spending (should be called the aggression budget) is larger than seven of the next highest spenders combined. How could a population of 5% (globally) spend 46% of global total military expenses? How could it be sustainable?
In China, just an example, if a government official is found corrupted, s/he may be executed. While I do not condone corruption and capital punishment, at least symbolically, the government is against corruption. The USA political system has now corrupted to the point that such bribery has been legalized to be called "lobbying". Occupy Wall Street movements has been calling out loud and clear than citizens demand cleaning up the corruption and put Wall Street in check. Has any political leader acknowledged the cry and at least commence a dialog?
This brings me to the reason I am writing this post. Here is a potential occupant of the White House. What are the issues he focused on? People going to church? Gay marriages?
Here is a response I approve.
and this is a most appropriate one to the stupidity of USA's possible future "leader".
To remain strong, the first step is to acknowledge that USA is weak now. Do some evidence-based researching and come up with some good policies to help USA citizens to get back up on their feet, make a decent living and rebuild from the ground up. There is no god and hence there will be no divine help anytime soon. To fund the rebuild, get the tax rates back to the 1950's to the 1960's. I want to see USA back on her feet not only because I have three sisters and mothers in USA (as legal citizens), I hate to see those desperately clinging to power use the horrible weapons of mass destruction to her own people or to some other countries. USA has a lot WMDs and still refuses to be scrutinized by neutral international bodies! The collapse of an economy and/or a country is going to be bloody and painful - for everyone.