Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Forbes Breaking News" channel.

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  7. I admire Chip and other representatives attempting to fight this issue, but believe me; there is nothing of God's green earth that is going to solve the debt crisis. Even if you taxed Americans at 100% (all income and all capital gains). It would take some 100 years to settle the debt and interest of all unfunded liabilities under the US Government. It's NEVER going to happen, period! It's not linear; it's exponential. Boomers didn't want to talk about Social Security 30 years ago and NOW we are going to pay for it! Not only with our livelihoods, but the livelihoods of our children, and our grandchildren. I truly think that some 99% of Americans are completely ignorant of the situation we are in. Demographics changed; you didn't have enough kids. Nobody apparently did (in all first world countries). Why is another question, but the repercussions are inevitable. We have a shrinking labor force and a growing number of retirees. So what is supposed to happen as demographics shift, Social Security liability goes UP, interest continues to grow, and wages continue to sink below the rate of inflation? That's a brilliant question! You know what happens? We all become dirt poor and can't afford anything. The refusal to talk about Social Security and other entitlements is going to inevitably get them taken away completely. You'll see a Government shutdown that will last YEARS and not even be able to fulfill Social Security auto-pilot payments. Even if they did, the annual inflation would eat it alive. There's a reason why corporations are moving all their assets and business overseas. Who on earth wants to have assets remaining in a continent experiencing a long term depression? America's future is a bunch of elderly people dying in the streets and only a handful of young people trying to scrape by to survive.
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