How are your money saving austerity measures going in the US?

[Mr I]

The federal government is staring at a disastrous fiscal picture with debt approaching 200 percent of GDP within two decades if Congress doesn’t change course on spending and taxes, according to the latest analysis by the Congressional Budget Office released Tuesday.

CBO: Federal debt to double in 15 years - Washington Times
You ever get the feeling its all bullshit and they could just print money for themselves or countries release each other from debt and it would solve all. Feels like one big con on the little guy to me

[Bouncer]

Everything going great.

[GrowthMan]

You can't just run the money printer and distribute. The dollar gets deflated. Its real. The US is in big trouble and we are going to collapse. Everyone is going to turn into bathsalt eating zombies.

[Mr I]

What I don't get is they say they're making cuts but the debt keeps going up? Plus who the fuck are they borrowing from if the banks are fucked? Who's calling the shots?

[jack tors]

I lost a ton with 401k's CD's pensions etc. and my house is worth 120k less than what i paided for it other thatn that terrific!

[GrowthMan]

What I don't get is they say they're making cuts but the debt keeps going up? Plus who the fuck are they borrowing from if the banks are fucked? Who's calling the shots?

They don't borrow from banks. It is very convaluted, but basically the US borrows through securities, the US treasury owes money in the form of bonds etc to people and other govts such as China etc. About 20 years ago I remember my 8th grade teacher freaking out because we were in debt by 5 trillion. She repeated that over and over. I love the Obama administration, with the economy imploding in 2008 something had to be done. But look at the cost...not to mention, nearly 2 trillion was spent in iraq and afghanistan. For what?

[GrowthMan]

I lost a ton with 401k's CD's pensions etc. and my house is worth 120k less than what i paided for it other thatn that terrific!

The average loss was roughly 50% at the worst. If you didn't touch the 401k then it should be at least 80-90% recovered. The Dow is close to back at where it was in 2007.

Try this one on for an economy fuck...

2007; gave back my 1.1MM house that was worth just over 700k.

2008; gave back a rental that I owed 420k that wasn't worth 300k.

2011; had to let go of another rental that I paid $225 for in 2002 and is now worth just over $110k.