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The U.S. Economy is Unsustainable

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Head of the U.S. Government Accountability Office (GAO) David Walker says that the U.S. economy is unsustainable and as the baby boomer generation begins to retire medicaid will destroy the economy.Dear Reddit,My reddit profile is questionmark could you hook me up with some karma, please?

Channel: News & Politics
Uploaded: December 31, 1969 at 4:59 pm
Author: questionmark545

Length: 07:55
Rating: 4.919598
Views: 112644

Tags: Ron  Paul  RonPaul  Gold  Standard  election  2008  economic  political  news  commentary  interview  david  walker  constitution  

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MRbizzness101 (December 31, 1969 at 4:59 pm)
i dont believe the economy is going down i mean there is so many opportunities out there to make money.............
bugsz1 (December 31, 1969 at 4:59 pm)
Modern, industialized nations, by nature are unsustainable.
bugsz1 (December 31, 1969 at 4:59 pm)
Modern, industialized nations, by nature are unsustainable.
jrhd00d84 (December 31, 1969 at 4:59 pm)
We make a law that CEOs who make more than 20x their lowest employee are not rewarded but taxed heavily for this offense. This will raise wages instantly. People will have more money in their pocket to buy the products that businesses will sell. Then businesses will hire more people at higher wages. This should happen starting tomorrow.
jrhd00d84 (December 31, 1969 at 4:59 pm)
We make a law that CEOs cannot make more than 20x their lowest employee. This will raise wages instantly. People will have more money in their pocket to buy the products that businesses will sell. Then businesses will hire more people at higher wages. This should happen starting tomorrow.
kmarinas86 (December 31, 1969 at 4:59 pm)
@ViralVarmint"Interesting. But what about (the supposedly great) China? Won't THEY have a HUGE healthcare issue with literally hundreds of millions aging? No, everyone ignores THA little ditty ...""Yes, maybe we can let our seniors die - like China does (to be competitive in business!)."Life expectancy in China is already 73.How about living healthy? It's inexpensive and priceless.China does better economically than the U.S. by positioning itself to GET OUT of third-world poverty.
kmarinas86 (December 31, 1969 at 4:59 pm)
Abolish the appointment of cabinet members. All future cabinet members should be elected by the people. In turn, abolish the legislature. The members of legislature do not represent the people of each state as much as they represent the lobbyists of each state. Representatives are slaves to the regional powers. However, prospective cabinet members do not have to choose a state, and their power would be limited within their department, forcing them to stay on the task for which they were elected.
judderwocky (December 31, 1969 at 4:59 pm)
Where have all the economic gains gone? Mostly to the top. Theeconomists Emmanuel Saez and Thomas Piketty examined tax returns from1913 to 2008. They discovered an interesting pattern. In the late 1970s,the richest 1 percent of American families took in about 9 percent ofthe nation’s total income; by 2007, the top 1 percent took in 23.5percent of total income.
bellcord (December 31, 1969 at 4:59 pm)
@anebt Oh hell yeah, Communist China is who I want as a role model...
Gonji (December 31, 1969 at 4:59 pm)
People: Hey, government how are you going to save us from the failing economy?Government: Dur, durr *picks nose,* Uhh, grrr, *gets mad* *presses button of the monopoly money printing machine*

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