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<blockquote data-quote="vantexan" data-source="post: 796632" data-attributes="member: 24302"><p>The U.S. has always had debt that in terms of it's GDP was manageable. Not so anymore, we're at a tipping point. Raising the debt ceiling just adds more to the debt and adds to the problem. You can't get around the fact that we ar at 14 trillion Dollars in debt. We will have to make serious cuts in spending, political suicide or not. By the way Social Security is separate from this mess. Even if there's nothing left in the trust fund we still take in money weekly from employees and their employer's match. That'll pay almost 3/4ths of promised payments. But it won't affect the national debt. </p><p></p><p>It's really easy to dismiss something you don't like as FOX spin. I see Sean Hannity on FOX keep pushing the idea that SS is bankrupt. The conservatives would love nothing better than to not have to pay the employer match on SS. I'm not in lockstep with them on this and some other things. But in some regards they are dead on. There isn't an endless stream of money out there. We do have to be realistic about our expectations. The corporations are in business to make money first for their stockholders, which often means those in upper management, and unions have played a big part in how heartless corporations have become towards pay and benefits. FedEx could do better by us, but the single biggest reason they fight unions so hard is once the camel's nose is under the tent there's no end to the problems it can cause them. I think UPS drivers get excellent pay and benefits. I've seen their employees complain here that if the CEO is making so much then they should get even more than what they get now. It never ends and has resulted in the ruin of many large industries in the U.S.. People have to take responsibility and work with management. But they've demonstrated too many times they won't and now we have a world of low paying service jobs and a owner/management class that is determined to hog the much smaller economic pie. And an employee class that's in denial of it's role in creating this mess. </p><p></p><p>The U.S. had decades of growth that insured things like defaulting on debt would not happen. But as FedEx has noted the U.S. is a mature market. We're still the largest economy but the growth in the world is in the large emerging markets like China, India and Brazil. They have huge growth potential while we have fast food jobs. If you haven't noticed, FedEx has positioned itself to take advantage of that growth. It infuriates me that they renegged on their pension promises, etc, but at least we have jobs that pay better than $9hr due to them developing business overseas. Without that we would be looking at a very bleak future. I've come to the conclusion that we'll have to just take what we get and like it. We can rant all day, but they hold all the cards. For me the solution is sacrificing now, then moving overseas. While I realize they hold all the cards, I won't work any longer than necessary to enrich others while I have to struggle to just get by. If I stay in a way overpriced U.S. I'll be working until I die. That's not a future, it's a sentence.</p></blockquote><p></p>
[QUOTE="vantexan, post: 796632, member: 24302"] The U.S. has always had debt that in terms of it's GDP was manageable. Not so anymore, we're at a tipping point. Raising the debt ceiling just adds more to the debt and adds to the problem. You can't get around the fact that we ar at 14 trillion Dollars in debt. We will have to make serious cuts in spending, political suicide or not. By the way Social Security is separate from this mess. Even if there's nothing left in the trust fund we still take in money weekly from employees and their employer's match. That'll pay almost 3/4ths of promised payments. But it won't affect the national debt. It's really easy to dismiss something you don't like as FOX spin. I see Sean Hannity on FOX keep pushing the idea that SS is bankrupt. The conservatives would love nothing better than to not have to pay the employer match on SS. I'm not in lockstep with them on this and some other things. But in some regards they are dead on. There isn't an endless stream of money out there. We do have to be realistic about our expectations. The corporations are in business to make money first for their stockholders, which often means those in upper management, and unions have played a big part in how heartless corporations have become towards pay and benefits. FedEx could do better by us, but the single biggest reason they fight unions so hard is once the camel's nose is under the tent there's no end to the problems it can cause them. I think UPS drivers get excellent pay and benefits. I've seen their employees complain here that if the CEO is making so much then they should get even more than what they get now. It never ends and has resulted in the ruin of many large industries in the U.S.. People have to take responsibility and work with management. But they've demonstrated too many times they won't and now we have a world of low paying service jobs and a owner/management class that is determined to hog the much smaller economic pie. And an employee class that's in denial of it's role in creating this mess. The U.S. had decades of growth that insured things like defaulting on debt would not happen. But as FedEx has noted the U.S. is a mature market. We're still the largest economy but the growth in the world is in the large emerging markets like China, India and Brazil. They have huge growth potential while we have fast food jobs. If you haven't noticed, FedEx has positioned itself to take advantage of that growth. It infuriates me that they renegged on their pension promises, etc, but at least we have jobs that pay better than $9hr due to them developing business overseas. Without that we would be looking at a very bleak future. I've come to the conclusion that we'll have to just take what we get and like it. We can rant all day, but they hold all the cards. For me the solution is sacrificing now, then moving overseas. While I realize they hold all the cards, I won't work any longer than necessary to enrich others while I have to struggle to just get by. If I stay in a way overpriced U.S. I'll be working until I die. That's not a future, it's a sentence. [/QUOTE]
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