Good, you are part of the solution not the problem.
“The whole country needs to default.”
The country has a spending problem not a production or an asset problem. Get the spending under control and the US will prosper. The US is only 2 years out from having 60 percent debt against the GDP.
In 2 years Obama has nearly doubled the debt. So we are in a crisis where spending must be reined in. The US is not in any danger of default, at present, but if spending persists even one more year at this rate, the debt will start to enter this territory.
Is it possible for a nation to deleverage to the point where they have managable debt? Yes. See Canada in 1993. Their debt was worse than the US is at present, but they managed to work it down by freezing spending. First the deficit was eliminated, and the debt shrunk.
“We are not going to be able to grow out of this.”
Hold the damn line and try the best we can. It *can* be done, and not only that, it *has* been done, and I refuse to believe that the greatest nation on earth does not have the collective will to get it done.
Sure it’s going to suck, especially the first few years. But that is what it is going to take. Get government the hell out of the way and watch the jobs come back.
“Hold the damn line and try the best we can. It *can* be done, and not only that, it *has* been done, and I refuse to believe that the greatest nation on earth does not have the collective will to get it done.”
I pray to God that you are right. I’m not worried that the average Liberal doesn’t want to get rid of the deficit. I am very, very worried that the average Conservative doesn’t know or want to do what it takes.
As Ronald Reagan said, “If we lose freedom here, there is no place to escape to. This is the last stand on Earth.”