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Old 07-24-2012, 12:38 PM
 
Location: Ontario, NY
3,053 posts, read 6,773,694 times
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Quote:
Originally Posted by Jason28 View Post
U.S. Postal Service on verge of bankruptcy
The US postal problems have nothing to do with the economy. They over extended themselves betting that mail volume would continue to raise. They failed to take into account email and other new forms of communication. They were left with huge debts and idle equipment. It really wouldn't have mattered if the economy was red hot still, they still be in the same situation.
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Old 07-24-2012, 12:38 PM
 
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U.S. Poverty About To Hit Highest Level In 40 Years | Daily Ticker - Yahoo! Finance
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Old 07-24-2012, 04:31 PM
 
4,338 posts, read 6,933,163 times
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Quit spending and you won't be poor. Start living below your means and you will be wealthy.
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Old 07-24-2012, 05:12 PM
 
5,586 posts, read 9,863,139 times
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The big truth is right there and few want to accept it. Our middle class has to compete with the world and we are not doing well. The quick reaction of many is to do things which try to push the genie back in the bottle but it isnt going to work. If we got serious about the future and worked to compete by growing what advantages we have then our future would be much brighter. Instead we always get political movements to try to move us backward or just keep us in place. As the saying goes, if you arent improving yourself everyday someone else is and he is going to beat you.
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Old 07-24-2012, 09:01 PM
 
2,592 posts, read 4,859,163 times
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The U.S. is a poor country. Even a lot of this so-called wealth in the middle class is nothing but credit and debt.
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Old 07-24-2012, 10:21 PM
 
4,338 posts, read 6,933,163 times
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Quote:
Originally Posted by LeavingMA View Post
The U.S. is a poor country. Even a lot of this so-called wealth in the middle class is nothing but credit and debt.
USA is the most wealthiest country on the planet by far. No one comes even close to us.
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Old 07-25-2012, 08:31 AM
 
125 posts, read 175,101 times
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Some people just read these articles and listen to people jibber jabber on talk radio shows and parrot what they hear.

The poor in America have two vehicles, a big screen tv, air conditioning, a heater, refrigerator, food on the table, clothes in the closet, a dvd player, a cell phone....

The GDP per person in the US is over $48,000. The GDP per person in China is under $9,000, India is under $4,000, Brazil is under $12,000.

These countries like China, India, etc. are not even close to being on par with the US, regardless of the line these people in these articles keep trying to feed you. China has over 400 million people that live on less than $2/day. That is over a third of the population. That is more people than the United States has as a whole. How many do you think we have in the US that live on less than $2/day?

This glamorizing of foreign countries, and trying to envision that they are somehow doing better than us is just another attempt to chip away at the American exceptionalism mindset. It's simply not true. The United States is light years ahead of these countries. It will take centuries for them to catch up.
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Old 07-25-2012, 09:19 AM
 
Location: The Triad (NC)
31,341 posts, read 69,519,228 times
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Quote:
Originally Posted by houstonlibrarian View Post
The GDP per person in the US is over $48,000.
China under $9,000, India under $4,000, Brazil under $12,000.

It will take centuries for them to catch up.
List of countries by real GDP growth rate (latest year) - Wikipedia, the free encyclopedia
GDP Growth Rates, List by Country
https://www.cia.gov/library/publicat.../2003rank.html
GDP growth (annual %) | Data | Table
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Old 07-25-2012, 03:02 PM
 
125 posts, read 175,101 times
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If China keeps an 8% growth and the US keeps a 2% growth, we are talking well over a hundred years before the gdp per person is equal between the two.
Much easier to have higher growth percentages when you start from a smaller number.
If I have 20 bucks to my name and make 20 more, that is a 100% growth rate. Someone else could have $100 million and make a million and it is only a 1% growth rate.
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Old 07-25-2012, 06:56 PM
 
2,592 posts, read 4,859,163 times
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Quote:
Originally Posted by Info Guy View Post
USA is the most wealthiest country on the planet by far. No one comes even close to us.
Yes and no. We do have a lot of wealth and then we have lots of people that live on credit and have more debt than the do actually savings.
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