Hopefully, the suffering will be short. The sooner the gov’t realizes this isn’t fixable, the sooner we can start to build the New America. If not, we will spend years trying to get the deficit under control, and it just can’t be gotten under control without printing money, IMHO. And, I hope I am wrong.
But think about taxes as a % of GNP. 20% of GNP on top of current taxes would pay off the “little deficit” in five years. Which would break business in this country for 5 years, which would increase the deficit even more.
But that doesn’t touch the “BIG DEFICIT” of unfunded medicare/medicaid or social security. This is anywhere for 50 to 100 trillion from numbers I have read. We may have to have nat’l health care just to survive, because who knows how many of us are even going to be working.
But on the bright side, in the New America, we will probably have time for family again and those of us who want to be poets, will have plenty to write about.
parsy, who shot an arrow in the air, it came down hard into his hair, and would have killed him except that, it was deflected by his tinfoil hat.
therefore, we must have a serious de populating of 'troublemakers', followed by a re populating of peoples that will appreciate their newfound third world wealth and eagerly idolize them as the creaters and providers of life itself...
gilbo, weeping for our children and the foolishness of the human spirit...