While many are talking about the possibility of recession, some economists and commentators are looking at America’s long term economic future. The picture doesn’t look so good.
Consider that the United States is about to lose its top credit rating. Since it began to give credit ratings to nations (in 1917), the Moody rating for America has always been triple-A. Money in the U.S. was considered to be one of the most secure in the world.
All of that might be changing. The U.S. may lose that top credit rating. Moody’s announced in January that if the U.S. fails to rein in the exploding costs of Social Security, Medicare, and Medicaid, the rating will be downgraded.
So how have the presidential candidates responded to this news? Most have ignored it, with perhaps the exception of Ron Paul. And the Democratic candidates have proposed universal health care, an action almost certain to make the problem worse. To his credit President Bush tried to address the issue of Social Security after he was re-elected his proposals went nowhere.
So how can the U.S. retain its valued credit rating? The answer is simple: reverse the trends that put it at risk in the first place. We are a nation of consumers not savers. We save almost nothing and borrow in order to pay for imported oil and goods manufactured overseas.
We have also allowed other countries to do what is in their economic self interest while not doing the same for ourselves. Europe imposes a value-added tax on our exports while at the same time rebating the value-added tax on their exports to use. No wonder the euro is nearly doubled compared to the U.S. dollar. Asian countries have been protecting their markets and dumping their products into our country. Each year we see more jobs and factories go overseas.
I think the American people don’t just want to hear campaign promises about change, they want to see real change implemented by the next president. If not, there goes our credit rating. I’m Kerby Anderson, and that’s my point of view.
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A vote for Ron Paul, the only man who understands the economy and knows how to fix it, is a wise vote. Click here to reply to this post
Vote wisely
Posted On: 02/04/08 09:40:09 AM
Age 47, MO
A wise vote in the primary is for your conviction, but a wise vote in the general is for the best man to win. John Click here to reply to this post
Economic Warning Signs
Posted On: 02/01/08 10:00:09 AM
Age 61, MO
The U.S. must shift its focus away from global economics, and toward local community economic development. The Adam man in us seeks to create empirical kingdoms, but local family friendly communities are of God. Government economic legislation should encourage self sufficient households that acquire most of what they can't produce themselves from other small businesses within their limited geopolitical communities. Individual households must take on most of the responsibility for bringing up their young and caring for the old and the sick. These smaller political, economic enclaves are best suited to administer justice, maintain order, and better insure upkeep of traditional spiritual values. Global economics has encouraged greed and the breakdown of traditional family units, and has resulted in a massive federal government along with a myriad of otherwise very costly non essential programs, which add very little value to real economic production. George Cancilla Click here to reply to this post
Are The Globalists Planning To Collapse The Economy In 2010?
Posted On: 02/01/08 09:03:15 AM
Age 52, FL
Dear Kirby,
Here is the link to my post about the David Frost, Benazier Buto interview where she says that Osama Bin Laden was murdered.
http://lastdaysrevival.blogspot.com/search?q=osama
In response to your article, I want to plead with you to tell your readers the real truth about what is going on.
Jerome Corsi, in the DVD version of his book "The Late Great USA" draws the obvious conclusion that if the Globalists are planning to implement the North American Union and replace the dollar with the Amero in 2010, then common sense tells you that they are also planning on collapsing the economy. Making the dollar worthless would remove much of the resistance to a new currency and would cripple those who would oppose them. After the economic collapse, the NAU and the Amero will be presented to the public as "The Solution." Click here to reply to this post
AMEN
Posted On: 02/05/08 06:20:12 PM
Age 34, WI
Yes, I really mean it, AMEN. And those who are planning the final unification of our governments, economies and religions are playing into the Anti(counterfeit)Christ's hand. Praise be to Almighty God that God is sovereign; not one jot or tittle of His prophetic Word will fail to come to pass. Those who love Him will be kept securely in Him until the day our redemption is complete when our Lord Jesus returns to stop those who are persecuting the saints and destroying the earth with their "peaceful" plans. The Spirit and the Bride say "Come." Click here to reply to this post
