Reply #187: You didn't read

[justinsb]

what I said before replying I don't think. You've missed some key points and added in some new ones.

1) I don't live in the U.S. so I don't see a ton of US dollars and if I do get them I exchange them for Canadian dollars - I don't send them to people I don't know (what a very strange request.) In general if people lose faith in a currency they exchange it for a different currency, they don't throw it away.

2) I didn't say anything about cutting social programs. I did say that they need to reduce entitlements and then went on (elsewhere in the thread) to suggest things like means testing. I did suggest cutting military spending sharply (I didn't know that was a social program though) and I suggested a government take over of health care - which I think would count as increased spending on social programs.

But yes, overall the US does need to cut expenses - if the US continues spending at current levels the dollar will collapse and your income will be irrelevant as the money will be nearly worthless.