or
Join Now!
|
|
Home/Business & Economy/Economics
|
| Forum |
Ask A Question |
Question Board |
FAQs |
Search |
Return to Question Board
| Question Details |
Asked By |
Asked On |
| U.S. Economy |
Ccl471 |
03/22/06 |
Back at the height of the dot.com boom, I read an article online that said the U.S. is the richest country in the world, and getting richer all the time.
I know right now America is still the richest country, but can she continue to get richer and richer indefinitely?
Just how well is America doing economically? Did she reach the peak of her economic power at the height of the dot.com boom and is about to be "over the hill?"
I keep hearing negative stuff about how America is doing. Like how American citizens can no longer have the kind of job security they used to have. Gone are the days when after graduating from college one can work a job for 43 years in a single company and then retire. Now people get laid off from corporate downsizing, or because their job gets outsourced.
Since George Bush became president in 2000, the federal government has spent up all of its surplus and then has gone deeper into debt, and just look at the projected budget for the next fiscal year -- there seems no end sight for the deficit spending.
The Air Force placed an order for only 125 of the new F-22 Raptor fighter - with each new generation of fighters that comes along, the Pentagon can afford fewer and fewer of them.
Just look at all the budget cuts the government is making - I am disabled, and now Medi-Cal is no longer paying for my prescription drugs. I had to select a Medicare Part D prescription drug plan, where now I pay $3 for each brand-name drug prescription, and $1 for each generic drug prescription.
So is America starting to decline economically?
Many thanks,
C.L.
|
|
| |
|
Your Options |
Additional Options are only visible when you login! !
|
|
|
|
