To revise and extend, am of the belief we have to allow the economy to crash. Want to make it clear. Am proposing a CRASH. It is going to happen sooner or later. Sooner maybe is the best option. My children and grandchildren may have a chance if it happens sooner. The crash is inevitable, or as Travis’ post shows the waterfall.
I too think it’s all going to crash, economy, entitlements, government.
Why I believe that is an interesting thing, it doesn’t have to do with graphs on the economy, spending or other similar things. I believe it because I think that there is a self-destructive quality about societies. It’s not the society is a bad thing, far from it. I think that what happens is that we tinker with it trying to make it “better”. The problem is of course, better for whom?
When you get to many tinkerers in there trying to make it come out their way of “Better”, Society is pushed beyond what is optimal for all. A point comes when it has to crash and re-start as something different than what failed.
I think we are there now or at the least very soon.