American Economics Thread

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bebops

Junior Member
Registered Member
paiemon said:
Speaking for myself, I don't expect the US to collapse anytime soon, from what I can tell there are many here who are doing well for themselves, or at a minimum living comfortably (upper) middle class lifestyles and that certainly would not be a favorable outcome. Clearly, the US creates opportunities for wealth and prosperity, otherwise we wouldn't be living and/or working here.

That being said, just because some of the population is doing well and headline numbers look looking great does not mean there are wide socioeconomic disparities that impact quality of life and standards of living for the many that get overlooked. It does not mean there aren't challenges, policy failures, corporate abuses/excesses that deprive workers of wealth and prosperity, etc thatlead to said disparities. It is fair to call out and critique those sore spots in the US economy, just like it is in the Chinese or another economy where its fashionable to levy such analysis.
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Only 20% of Americans are living noticeably better or without worry. You have 60% living from paycheck to paycheck. It is understandable since rent is 2k or higher and you still have to worry about taxes. Then you have people living in RVs or homeless. You become a debt slave after you are a born... college and credit card debt are at all time high.

 
Maikeru

Maikeru

Major
Registered Member
HighGround said:
If you’re under impression I’ve never been poor, think again. I immigrated to US as a teen and grew up with my father working as a pizza driver and my mother as a waitress to this day.

the uncomfortable truth that many Americans and foreigners don’t want to face is that US is an amazing place to live with enormous economic opportunity. The level of squalor and misery some people manage to live in is almost entirely down to their own choices.

Which is not to say that I am not sympathetic to the poor, having grown up poor myself, in a poor neighborhood, with similarly poor friends. It just means that when people complain about higher prices I understand the struggle, but I also recognize that these people rarely recognize when things become easier. It’s much more sexy to complain about all the difficulties in life than to overcome them.

It is also particularly annoying when I routinely vote for the party that seeks to expand healthcare, to increase welfare, and to make education better/more accessible.

But people like the Critical Drinker want to whine about how lazy people are and how social decay is caused by not discriminating against Gays or having a Native American in a Disney movie.
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@HighGround, all your dreams have just come true!

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TK3600

TK3600

Major
Registered Member
Arij Javaid said:
US economy is going to go through a course correction soon. As colonel Douglas Macgregor has said that US is a Roman empire in decline. It simply doesn't know it yet
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Romans collapsed over course of 500 years, making come back from time to time. US will follow bronze age collapse, something more rapid and irreversible. For reference that collapse took about 50 years to complete.
 
daifo

daifo

Major
Registered Member
US debt growth per a trillion. About 8 trillion printed out in the 2 years of covid and the downward spiral continues. My belief is that the US blamed China for this potential debt death blow hence the complete hostility. In reality, the US keeps on printing in the pure attempt to keep it's party in office rather to let the economy experience a recession.

GIawByCWoAAc5wU.jpeg

https://twitter.com/i/web/status/1767293796490867031
 
T

tokenanalyst

Brigadier
Registered Member
daifo said:
US debt growth per a trillion. About 8 trillion printed out in the 2 years of covid and the downward spiral continues. My belief is that the US blamed China for this potential debt death blow hence the complete hostility. In reality, the US keeps on printing in the pure attempt to keep it's party in office rather to let the economy experience a recession.

View attachment 126527

https://twitter.com/i/web/status/1767293796490867031
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Wow US debt grow faster under Biden than under Trump, that is incredible, at least Trump has the COVID excuse. Where is the money is going? War?
 
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