U.S. Heading For Financial Trouble?

Submitted by Lee Batdorff on Sun, 03/04/2007 - 21:13.

CBS 60 Minutes, March 4, 2007

Comptroller Says Medicare Program Endangers Financial Stability

    Like an Old Testament prophet, David Walker has been traveling the country, urging people to "wake up before it's too late." Medicare is just the biggest of the problems. There is nothing like putting our children into a black hole of debt. Find article here.

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CHINA'S MIL. BUDGET IS 1/12TH US'S

Submitted by Jeff Buster on Sun, 03/04/2007 - 21:53.

In my opinion, the solution is simple: stop military waste=expenditure.  China has billions more population than  US, while their military budget is miniscule.  The US military complex is wagging our dog's tail.  out of control.   Chop it's budget way back....quick

I'm afraid it is more complex than that

Submitted by Norm Roulet on Mon, 03/05/2007 - 09:17.

As an economist I'm very comfortable that Walker and this report are correct. Fortunately, the same leadership that has bankrupted America for our youth has also destroyed our planet so all mankind will die before the bills come due.

Disrupt IT

Always more complicated

Submitted by Lee Batdorff on Mon, 03/05/2007 - 10:20.

I suppose all the deeply in debt families in this nation, as well as the nation itself, are depending on the demise coming before the due bill. Also, I heard that the Chinese military owns major businesses unlike our military. With such experience they may have a competitive advantage. Unfortunatley the military-industrial complex in this nation is pretty chop resistant. The arms and Star War manufacturers are the tale wagging the dog. What would it take to chop it down?