If you had to predict the condition of the U. S. ten years from now, what would you predict? Please feel free to define "the condition" in any way you like. I will be taking careful notes and, if I am still around in ten years, I will award a very lucrative prize to the person whose prediction is most accurate. (Okay, so I am lying about that last part.) :-)
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I am not as optimistic about our financial recovery as other posters in this discussion. I really fear that inflation will be a big part of our future reality. The residential mortgage collapse should still be followed by a commercial real estate issue, and that hasn't hit yet. In addition, our government shows no signs of curbing spending. Our debt is so large it doesn't even seem real to most people. I hope I am wrong, but I don't see a rosy financial future for our nation.
I'm not very optimistic about the status of the United States ten years from now. I think that the gap between the rich and poor will continue to increase. The poor will be even "poorer" than they are today because government aid will be stripped, as many politicians are unfortunately trying to do now. The education system will continue to see the after effects of over-testing and putting blind faith into charter schools.
I sure hope that the first two posts are correct concerning economic recovery and political overhauling, but the descent of our political system has been on the decline for nearly half a century, so it will take a major shift of thought by a majority of voters to make the drastic changes necessary. With so many voters shifting to the extreme right--and with some of the embarrassingly unqualified candidates posing as leaders--a single decade may not be enough time for such high hopes.
I'm going to go with a fearless prediction, hoping to be visionary. I think that in 10 years we'll have had a change at least as important as the New Deal in terms of changes to our expectations about what government can and should do for us.
I think that we're headed to a point where people are getting really fed up with the status quo of political bickering while "Rome burns." I think this will lead to a demand for relatively revolutionary change. If pressed for what exactly the change will be, I'll guess that the welfare state will be greatly reduced and the tax code will be remade to get the government out of the business of providing breaks to various types of businesses. No more farm subsidies.
Will this really happen? Who knows, but I do think we're headed for a place where there will be demand for true change rather than the situation we have now where we get lots of rhetoric and nothing ever changes.
I hope that in ten years the housing markets and job markets have recovered so that people can live the American dream. Children can graduate, graduate college without massive debt, get a job, marry and buy a house. Is that too much to ask?
I suspect the United States to have recovered from the Financial Crisis, and for the economy to even out. Hopefully, jobs will be in abundance.
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