Phil for Humanity Phil for Humanity
A Guide for the Survival of Humankind and Helping the World, Society, and Yourself.

The Predicted Economy of the United States of America

I believe that most Americans are already aware that the economy of the United States is slowly collapsing because of huge trade deficits, offshoring of manufacturing jobs, outsourcing of white collar jobs, the ballooning costs of Social Security and Medicare, the faltering housing market, the credit (subprime) crunch, the continuously unbalanced budget, and an exponentially rising national debt. Additionally, I believe that most Americans are aware that the wars in Iraq and Afghanistan are probably failing and adding even more financial pressures to the economy of the United States of America.

A lot of economists believe that the United States will be bankrupt in as few as twenty years. It may take several decades for future generations of Americans to pay off America's debts, if it is even possible. In a worse case scenario, Americans would not even be able to pay the interests on the American debts. In the best case scenario, the United States would cease funding several key programs, such as Social Security and Medicare, and even increase the retirement age again just to name a few possibilities.

Assuming that it is not already too late, it would take drastic changes implemented almost immediately to have any hope for the future of the United States of America. Yet politicians are doing practically nothing about it.

So this leads to the obvious question of: Despite the bleak economic future of the United States of America, why aren't more Americans revolting and demanding a fiscally responsible government?

This question is much more complicated that it would first seem, so let me try to pinpoint a few reasons.


The first reason is that a lot of Americans are complacent. Meaning that most Americans are self satisfied with either the wealth that they have already accumulated or with the money that they are earning. And since there are currently no major economic incentives for immediate changes, all future problems will only be addressed when these issues start to seriously affect the portfolios of the upper and middle classes of America.


With the recent and sudden increases in the cost of living, the lower and lower end of the middle classes have to work more hours and more jobs just to continue living with the same quality of life. Therefore, these people are too busy and can not afford to participate in politics (with the exception of posting comments on the Internet). And since the short term economy of the United States is predicted to continue sliding down for at least another year or two, this second reason will only become more common as more people slide from middle class to lower class.


It appears to me that a lot of Americans are ignorant concerning the economy or are not really interested in learning about it. For example, try starting a conversation about the economy with someone and observe if the conversation moves beyond complaining about rising prices, inflation, high taxes, low income, evil government, and corporate greed. Very few people would discuss possible ideas for solutions.


Furthermore, few Americans are willing to discuss their political and economic views, except anonymously on the Internet. And fewer Americans take an active role in either recommending or supporting changes. For instance, notice how little presidential candidates discuss the specifics concerning the topic of resolving America's economic issues. Apparently at best, there is only a modest interest from the press or from individuals when this should be a major concern.


In conclusion, there are several reasons why Americans are not demanding the United States of America to be fiscally responsible. Hopefully I did not miss any reasons; and if I did, I am sure someone will email me. Yet the truth of the matter is that the America's current policies and laws are crippling the economy and will bankrupt the United States unless major changes are implemented soon.

So you may be asking, "What can I do?" The answer is simple. Start conversations with your friends and coworkers about the political and economic policies of the United States and be sure to include solutions that you think may work. And hopefully, this will stir up enough national interest to become a major concern for American politicians to address.

by Phil for Humanity
on 08/28/2007

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