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Comptroller General of the USA predicting economic collapse

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  • #1

    Comptroller General of the USA predicting economic collapse

    Not being a professional economist, I can't comment on how much of what this person is saying is true, and how much is exaggeration. However, given the seriousness of his words, and given his position, I think this is something which should be discussed.

    He is basically predicting the economic collapse of the economy of the USA if nothing is done to fix the impending problems.

    The link to the videos at the GAO, downloadable.

    The YouTube links:

    Part One
    Part Two

    The embedded YouTube videos:

    Part One:



    Part Two
    Tags: None
  • #2
    Erm... He's just an accountant. Should we remain interested?
    I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
    - Justice Brett Kavanaugh

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    • #3
      Originally posted by Kidicious
      Erm... He's just an accountant. Should we remain interested?
      If the accounting department of your company told you that bankruptcy was imminent, would you remain interested?

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      • #4
        Originally posted by aneeshm


        If the accounting department of your company told you that bankruptcy was imminent, would you remain interested?
        The economy is not a company. That's why accountants are not economists.
        I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
        - Justice Brett Kavanaugh

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        • #5
          Kid, did you even bother to watch the video? If not, please do so.

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          • #6
            Originally posted by aneeshm
            Kid, did you even bother to watch the video? If not, please do so.
            Why would I want to hear a bunch of crap from someone pretending to be an expert?
            I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
            - Justice Brett Kavanaugh

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            • #7
              Originally posted by Kidicious


              Why would I want to hear a bunch of crap from someone pretending to be an expert?
              This thread is meant to discuss what he says and predicts in that video. If you don't want to watch it, fine, but then you won't be able to contribute anything meaningful here, because you have no clue what is being discussed.

              Secondly, I doubt that he is merely "pretending" to be an expert. I don't think you can reach such a post without actually being an expert in the field.

              Remember, the post is one where a person is appointed, not elected, so in general, we can expect a better calibre of people to occupy it.

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              • #8
                *Note to self, buy another rice field*
                Long time member @ Apolyton
                Civilization player since the dawn of time

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                • #9
                  Originally posted by aneeshm
                  This thread is meant to discuss what he says and predicts in that video. If you don't want to watch it, fine, but then you won't be able to contribute anything meaningful here, because you have no clue what is being discussed.
                  Look here. If you want to make an argument then do it. But if you want to use someoene pretending to be an expert instead of an actual expert then I will take issue with that.

                  Secondly, I doubt that he is merely "pretending" to be an expert. I don't think you can reach such a post without actually being an expert in the field.
                  He is an expert in accounting, don't you understand! Furthermore, accountants are the last people that you want to ask about such things except for of course, "what are the numbers?" That's what they do, produce numbers.
                  I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                  - Justice Brett Kavanaugh

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                  • #10
                    Originally posted by Kidicious

                    Look here. If you want to make an argument then do it. But if you want to use someoene pretending to be an expert instead of an actual expert then I will take issue with that.


                    He is an expert in accounting, don't you understand! Furthermore, accountants are the last people that you want to ask about such things except for of course, "what are the numbers?" That's what they do, produce numbers.
                    That's right. It's his job to keep the accounts of the Federal Government. And he's saying that they're headed for bankruptcy.

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                    • #11
                      I have to agree with Kid here. There is a reason for economics and for accounting. Generally accountants profess an understanding of economics that they just don't have.
                      "I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003

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                      • #12
                        Originally posted by aneeshm


                        That's right. It's his job to keep the accounts of the Federal Government. And he's saying that they're headed for bankruptcy.
                        That's when you shake your head like this so that he can go back and do his job.
                        I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                        - Justice Brett Kavanaugh

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                        • #13
                          Originally posted by Kidicious
                          Why would I want to hear a bunch of crap from someone pretending to be an expert?
                          Good morning, welcome to Apolyton Civilization Site. How may I help you?
                          "In the beginning was the Word. Then came the ******* word processor." -Dan Simmons, Hyperion

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                          • #14
                            "The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.

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                            • #15
                              "I read a book twice as fast as anybody else. First, I read the beginning, and then I read the ending, and then I start in the middle and read toward whatever end I like best." - Gracie Allen

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