What do you think is the biggest financial problem that the United States faces today?
What do you think is the biggest financial problem that faces the United States today? Is it the overwhelming dependence on entitlements? The lack of industry in the US? The national debt? There are a lot of problems with US finances, which one do you think poses the biggest threat, and why?
I think its pretty clear that it's the lack of industry which is the main problem, we in the US do very little that actually adds value to our nation like make cars or goods, China which does those things is thriving.
Our lack of industry the in U.S is due to governmental over-regulation and taxation and unions. Simply put, our own government and unions have forced them to leave to make a profit.
What do I think is the biggest financial problem that the United States faces today?
Barack Hussein Obama, Nancy Pelosi, and Harry Reid, just to name a few.
The biggest financial burden right now is the amount of money and expenses and retirement that is being paid out to the politicians for doing nothing. They sure as hell don't earn what they get paid. My opinion, Greg
I think that there are so many problems financially in the United States that all of them put together pose the greatest risk for us.
The biggest concern that I have is the national debt that we have. Although they have been trying to take control of the situation this is going to be the problem that is going to cause our children problems when they are all grown up. If you really think about it we are already having problems with the national debt by the recessions that have hit us really hard. Our kids are going to be the one's that are going to suffer from this and I would not be surprised if something in the ranges of another depression happen in our life time. Although the government is trying to do everything that they can to limit themselves on how much money that they spend I think that our biggest area that burned money through our tax payer dollars was being involved with two wars at the same time. I think that the fact that we were helping out Iraq become a better country I think that a bill should be sent to them to pay for at least a portion of our stay there to cover some of the cost that were made while occupying there country.
Another contributing factor to our problem has been the companies that the United States said were to big to let them fail and therefore costing the tax payers several billions of dollars. I think what should have been done is that the government should have let those companies fail for making bad business decisions in the first place.
Another thing that we have to do is make sure that these same companies that are making bad business choices do not get a single dime for bonuses to pay there top level management. I think that this is a slap in the face to me and for other tax payers out there that have to listen to these companies complain about giving bonuses to there management after getting bailed out by our tax payer dollars.
Our government needs to be a lot more strict and demanding if we are ever going to get out of the mess that we are in right now.
There are many issues right now but I think the biggest is the lack of fiscal responsibilty. Individuals have demonstrated this by building up immense credit card debt, taking on mortgages they cannot afford and using their homes as an ATM. The sense of self worth and the expectation that everyone has a new car, a new home and the latest electronics. There is no sense of restraint. Sure, there are people who use government entitlements to their benefit, but there are many who choose to live well beyond their means and then expect the government to help them when the markets turn or they lose their jobs.
However, individuals aren't the only ones to blame. Politicians spend our tax dollars without giving serious thought to the implications of our gargantuan national debt. We need to find ways to trim our budget, to eliminate unneccessary programs and services and focus on the needs of those who truly can't provide for themselves. There are many problems the US faces today, but we need to get our spending under control, both in the home and in the government.
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