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To: US Navy Vet

This is an interesting thread. Ignore the results of the election for a moment. Regardless who wins each election from local to national, some things are predictable.

Interest rates are historically very low. If rates go up, the national debt becomes an increasing burden on every American. If rates stay low, the increasing numbers of retirees and fixed-income people will continue to struggle with low income from retirement savings.

Regulatory uncertainty, gov’t unwillingness to adhere to predictable Constitutional principles, and judicial efforts to create law from the bench will suppress long-term planning and investment. This will suppress economic growth.

House prices, dependent on employment levels, will continue at a low post-boom level.

High unemployment will continue to restrain economic growth because consumer spending drives much economic activity and depends on employment.

Extensively unionized public sector employees will restrain the quality while sustaining the high cost of gov’t.

Political influence in the middle east will develop in a new pattern, possibly centering on Egypt and Iran.

Chinese economic growth will continue but slow predictably due to China depending on exports to other, struggling nations.

US international political influence will suffer from confusion among the worlds’ politicians about who, socialists or traditional Americans, control policy going forward. At the core, this is an economic power matter.

The national debt will be a greater burden on growth and problem-solving as so much tax will be required to service that debt. Far less money will be available for discretionary spending and gov’t services local to national will suffer as Americans are increasingly taxed to pay for past spending. Future Americans will receive much less gov’t service for their tax dollars. This is the overlooked story of future “taxation without representation.”

I welcome alternative observations or thoughts.


58 posted on 08/09/2012 12:04:49 PM PDT by iacovatx (Conservatism is the political center--it is not "right" of center)
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To: iacovatx
Far less money will be available for discretionary spending and gov’t services local to national will suffer as Americans are increasingly taxed to pay for past spending. Future Americans will receive much less gov’t service for their tax dollars. This is the overlooked story of future “taxation without representation.”

That same process is going on in all other developed countries at an even faster rate. The populations frankly will not stand for it. There will be some sort of massive, coordinated, mutual global default. Pat Robertson's "Year of Jubilee" writ large.


74 posted on 08/09/2012 12:37:49 PM PDT by Buckeye McFrog
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