Moral Outrage
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Posts Tagged ‘bankrupt

The undeclared creeping US bankruptcy

January 5, 2011

In essence the US is bankrupt, but how will it go about filing for bankruptcy? There are 2 ways – one is to default on its debts. This would create a massive convulsion and crash the markets, leading to an almost instant depression. This is not so attractive to politicians or the elites as it […]

The IMF has declared the U.S. bankrupt

August 13, 2010

Neither spending more nor taxing less will help the U.S. pay its bills. Last month, the International Monetary Fund released its annual review of U.S. economic policy, and effectively pronounced the U.S. bankrupt. Section 6 of the July 2010 Selected Issues Paper says: “The U.S. fiscal gap associated with today’s federal fiscal policy is huge for plausible discount […]

Quality of life for Americans the worst in the developed world

April 9, 2010

Excerpts of an opinion of an American living abroad: Americans are the only people in the developed world without a single-payer health system. Everyone in Western Europe, Japan, Canada, Australia, Singapore and New Zealand has a single-payer system. If they get sick, they can devote all their energies to getting well. If Americans get sick, […]