Nearly have the federal budget these days is borrowed/printed money. Our “economy” is currently an illusion due to massive government intervention via false spending.
We can't get off the heroin of deficit spending without major pain. The liberals have nurtured and grown a dependent class of people in the US over the last 80 or so years. Many of these people think they are entitled to what they didn't earn and are unprepared to fend for themselves short of rioting and looting.
The thing is, if we don't cut all this spending back we will all go over the economic cliff to economic ruin together. The entitled class is going to be a loser either way so there's no real incentive for them not to take everyone with them if we let them.
In a nutshell, this is why we are doomed:
29 percent said cutting the deficit would create more jobs
29 percent said deficit-cutting would cost jobs
27 percent said it would have no effect on the employment outlook
We may be doomed, but this isn’t the stat that bears it out, as 56% say cutting the deficit would either create or have no effect on jobs. Only 29% say it’d cost jobs. That’s not a particularly pessimistic viewpoint, IMO.
There’s always one more idiot than you counted on.....