[Steel Wolf]

It won’t impact today’s seniors. There is still enough borrowing power to let them live as they are. But within the next 20 or 30 years, its going to be blindingly obvious that we are broke and the credit card has been maxed out.

I'm 100% in agreement with you, up until this last part. 15 years is the absolute furthest our society is going to remain solvent if we remain on our current trajectory. 20-30 years simply isn't possible without an immediate and massive restructuring of our financial and political system.

5-10 years is probably closer to the mark. We're facing a systemic threat to our economic system, which means that as certain parts fail, they'll bring other parts down with them much faster than anyone was anticipating. It will be 'unexpected', but it is coming.

Anyone who is elderly, or planning on becoming elderly in the near future, will be alive to see it. The only people that won't are those on the tail end of being elderly.

[icanhasbailout]

We don’t have 10 years; we may not even have 5. Whatever slack we had in the system has been spent by Obama or handed over to the international banking system.

[TexasTransplant]

***** “ 15 years is the absolute furthest our society is going to remain solvent if we remain on our current trajectory. 20-30 years simply isn’t possible without an immediate and massive restructuring of our financial and political system. “ *****

Bump

TT

[MontaniSemperLiberi]

It could actually come in two years. Countries sometimes go under when their debt to GDP ratio is greater than 90%. We are at about 70% now and adding almost 10% a year. All countries go under when it goes above 125% so I give it a max of six years.