"In 1994, Kent Smetters and Jagadeesh Gokhale actually spent the time to calculate as of 1994 what the US govs obligations to the American people were."$72,000,000,000,000

Over the next few years the baby boomer generation will start to use SS and Medicare. Its pretty odvious that the government simply cannot pay for this, 75m people all expecting what $500-$1k a month? This will lead to a collapse of these systems, ie the US government will say sorry about that but we can't pay you.

The next step is the baby boomers will start to withdraw from there mutual funds, CD's, and 401k's. Imagine that, anyone want to bet on what the markets do? All you need is a slight drop before panic sets in. Then everyone will be selling in order to protect what retirement savings they have left. And the market will drop, maybe crash.

Don't worry it gets better! The US gov my not want to admit it cannot pay its obligations. So they will do what they have been doing for the past 10+ years, print a lot more money. Hyperinflation anyone? All of a sudden your $100k in savings is worth $5k or less?

Then other nations start calling our debt due and the whole house of cards comes crashing down, 1929 all over again.

I believe from what I have seen and read that this will be the point of a huge shift in this society. What will emerge from the wreckage will be anyone’s guess, but I do know US society as we know it will change. The middle class is already dieing and this will wipe it out. When we come out on the other side we will be a two class society, along with most of the world.

From what I have read and the predictions that I have seen, I think 2008-2015 is the time frame.

Don't buy it? Donald Trump does, as does Robert K, and others. Both men have been saying this since the late 90's.

The currant administration isn't doing much, and neither have the past ones. We can only hope the next president has enough balls to grab the politcal third rail, and cut until it hurts. We also have our selves to blame, as a society we expect the government to take care of us. But thats just not the case.

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