“If fewer people are working and fewer business are operating, where will they get the money?”
Where do you think they will get the money? It’s very simple. They will get it from us, the 50% of the population that actually pays taxes. They won’t stop till they get all our money.
At some point, the political penalty will be too high. With less tax revenue and more takers, they will hit bottom quickly. The choice will be between enacting sensible programs and losing power.
You cannot get blood from a stone. They can tax and tax until there are no more earners to tax. They can go after assets and engender political wrath, especially since all those assets have declined because of their policies.
Their policies are going to lead to energy and food shortages as they attempt the usual Marxist programs of capping prices and mandating production, along with attempting to paper it over with handouts.
At some point before the ultimate bottom, they are going to run out of money and the electorate will have not only been bled dry, they will vote them out.
At best, people will see this coming and elect McCain and fiscal/energy conservatives to Congress and we will dodge the bullet.At worst, we will all be broke, the country will be ruined and in two years Obama will face a fiscally conservative pro-production Congress.
It will take us 3-5 years to rebuild after that, IMO. Meanwhile, the voters may have had a harsh economic and political lesson.
YMMV