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To: Will88

Why don’t you share your insights? How is a $14 trillion economy going to cope with a debt of $107 trillion?


65 posted on 03/21/2010 1:04:47 PM PDT by Conservative Coulter Fan (I am defiantly proud of being part of the Religious Right in America.)
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To: Conservative Coulter Fan
Why don’t you share your insights? How is a $14 trillion economy going to cope with a debt of $107 trillion?

First, no one has yet pointed out how many years into the future that $107 of unfunded liabilities covers. That matters, and it's odd that they don't give that information anywhere.

Raise the retirement age, as often as average left expectancy increases.

But the only way the US will return to a healthy financial situation will be to develop economic and trade policies that create a growing economy and jobs, and enough jobs to reduce our real unemployment (17%), and enough jobs to begin seriously removing able bodied people from welfare and various other government programs. Enforce the border and stop allowing illegal aliens to undercut US wages. Allow wages to rise to the supply and demand level of legal, US citizen labor.

In a nutshell, large numbers of Americans must move from unemployment, and welfare into jobs that pay enough in pay and benefits to enable them to be self-sufficient, including for medical care, i.e., also reduce the cost of government support progams by a few hundred billion annually (EITC alone alone is now $60 billion, plus all the welfare and medicaid, and other support for low wage earners.

If that can't happen, the demand for government programs to make up the difference will always be there, and the votes will always be there.

The only hope: more people working and self-sufficient, and big reductions in the need for government support programs for working age citizens and legal residents.

67 posted on 03/21/2010 1:32:36 PM PDT by Will88
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