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Life In America Year 2020: Research Into The Future Based On U.S. Government Projections

Saturday, December 8, 2012 7:11

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(Before It's News)

This thesis set out to investigate the validity of the right-wing, conservative rhetoric, and try to determine if the world is coming to an end “soon.” We learned that “soon” generally has a two-year time frame, and that nothing drastic is going to happen soon.

By basing these projections on U.S. Government documents and government officials, we first presume the credibility of the source documentation, and by developing a simple mathematical model for the projections, minimize the possibility of error, or in worst case by documenting the model, allow other researchers to find fault with the model or prove its validity.

As stated above, nothing drastic will happen soon, however, starting in 2014, the average American family will begin to suffer, and by 2020, the standard of living for the average American will be destroyed.

At that point, the average family will pay all of their income to expenses leaving nothing for discretionary spending. Shortly, and likely “soon,” thereafter, the average American family will be forced to declare bankruptcy to seek financial relief from their debt burdens.

By using U.S. Government statistics and 10 year projections, research was conducted to investigatehow increased taxation, inflation, healthcare reform and the housing bubble burst will affect theAmerican family standard of living by the year 2020.

All substantive references are either from credible news sources or from the U.S. Government.

The projections show that by 2020, the average American family will be insolvent, living from paycheck-to- paycheck with virtually no discretionary spending, and likely declaring bankruptcy shortly thereafter.

Note: This is a revision of the paper released on September 26, 2012 and includes the UN Food Cost model and the effects of Taxgeddon. It also expands the discussion on the mathematical model used.

1. Introduction (Human Concern & Research Issue)

What will life in America be like in 2020? As of this writing, there is much controversy and fear about the future of the United States. People seem to be polarized into two camps:

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1.Continued government spending will bankrupt the country resulting in riots and chaos; and

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2. There is nothing to worry about.

Recent research indicate a neurological difference between conservatives and liberals [Lupkin, 2012], which explains why liberals seem to accept change,and conservatives fear it.

This study seeks to cut through the conservative’s fear and the hype to ascertain what life will be like in the near future.

[Investopedia, 2012] Clearly, the United States has not suffered an economic collapse since the 1930′s, but many conservatives feel a repeat of the Great Depression is coming “soon.”

It may seem incredible that the United States will suffer an economic collapse soon – as in the next 1-24 months. Here it are the results from projections in U.S. Government documents and government officials.

READ FULL REPORT HERE: http://www.scribd.com/doc/107058480/Life-in-2020

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