Quote:
Originally Posted by cellophanedeity
.......But, I refuse to give any of my money to rebuilding after Katrina.
It seems to me that the U.S. government shouldn't be asking for money. They have so much as it is, and should really be able to deal with stuff like this on their own.
Is this an unfair view? I know many people are suffering, but... I can't help but think that the U.S. is powerful and rich enough to deal with it on their own.
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The U.S. government is in the midst of a fiscal and a currency crisis. The government has accrued about $2 trillion in additional debt in less than five years. The official debt total was less than $5.5 trillion USD, at the end of 2000.
The national debt has increased more than 35 percent since then, to about $7.500 trillion. There is no consensus in government as to a plan to slow new debt accumulation down, let alone reverse the trend.
The U.S. trade deficit will exceed $700 billion this year, up from zero just 12 years ago, in 1993. The U.S. has the lowest per capita savings rate among industrialized nations. There are an estimated 45 million Americans without health insurance coverage, and U.S. residents living in poverty increased by one million in just the past year, with the poverty rate now above 13 percent of Americans.
U.S. currency is "talked" up by the same politicians who have irresponsibly decreased the growth of national tax revenue by passing changes in tax law that benefit primarily the wealthiest 5 percent of Americans, and embarked on spending increases that have pushed the national budget up 35 percent in just five years, during a time span when federal agencies have declared less than a 13 percent increase in inflation.
Since the spring of 2001, the price of gold, a constant measure of the purchasing power of fiat currencies, such as the U.S. dollar, has increased from a low of $250 per ounce, to a recent high of $475. The price of a barrel of crude oil has doubled to an average $60 in the same time span.
According to
http://www.cia.gov/cia/publications/...k/geos/ca.html , your country enjoys a nearly $60 billion annual trade surplus, ($315 billion of annual exports, vs. $256 billion of imports.) Your country is not dependent on 13 million barrels of oil imports per day, at an unpredictable an recently dramatically escalated price, as Your country exports 1.37 million barrels of surplus oil per day.
Canada is burdened with a higher per capita national debt than the U.S. is, and 15.9 percent of Canadians live in poverty, but Canada has already budgeted and managed the costs of healthcare for it's poor, and it's currency is on a sound fiscal footing. U.S. currency could drop like a rock in value, compared to the current value of other currencies, and the value of commodities, like oil, and precious metals, like gold, with no warning....as soon as when we wake up tomorrow morning.
Did I mention that the U.S. economy is entirely dependent on it's residents selling their homes to each other, at ever escalating prices?
There are no reference links in this post, but it is all accurate and current information. Canada is a fiscal rock, and America is an overmilitarized, paranoid, fiscal wreck of a country.
Please give to hurricane relief until it hurts. You Canadians may soon experience a simulation of what it has been like to have an impoverished country with a huge, desperate population living just south of you, as the U.S. has experienced, unitl recently, as it is located north of Mexico. Now, on paper, we share a future of similar poverty and lack of opportunity.