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Posted on 07/10/2011 6:25:18 PM PDT by SeekAndFind
Mariner, in time you may be proven right.
We turn this economy around, put a rock solid lid on more spending and in five years we’ll be paying down the debt.
That’s my take, and you can hold me to it.
The one problem we have, is we still have public enemy number one in there, and he can do things that can’t be reversed.
It’s like holding stocks that tank. When the economy turns around, they’ll be worth a lot again. Then you get a guy like Obama, and he sells at the bottom to do you ‘a favor’.
That’s how he’s be governing.
People still don’t understand that demographic tsunami that is approaching the country in the form of retiring baby boomers.
Unless the cuts to the entitlement programs are really severe, our SS/Mediscare spending will go up in the next 20 years. The number of claimants about to rise very quickly.
Couple that with the widespread and increasing duration of unemployment of the yutes that are supposed to be paying FICA taxes and the 25% cuts you’re suggesting will be necessary, but insufficient.
Now, none of the solutions that I see people increasingly proffering will actually increase employment. Cutting the government budget will increase unemployment levels as government employees are laid off. That’s OK in a philosophical sense, but it then creates yet another burden on the economy as all these people laid off start collecting unemployment, OR (if they’re old enough) they start taking Social Security payouts earlier than previously intended.
As I’ve been saying on many a thread now, the stuff that the GOP candidates are all offering to turn our economic situation around are necessary, but not sufficient. Not one of them has given anything resembling a coherent plant how they’re going to increase employment with increasing wages. Not one of them has breathed a word about the corruption in the financial sector. Somehow, the GOP field is truly ignorant abou the breadth and depth of financial corruption in the US markets and banking system.
“many are now wondering if we are actually witnessing the slow death of the middle class.”
/////////////////////////////////////////////////////////////
Of course not! This is ridiculous nonsense, where do people get such crazy ideas? We are actually witnessing the RAPID DEATH of the middle class.
Are all of the teachers, social workers, environmentalists, lawyers, regulatory employees and most of the police in your locale laid off, yet? Are your property taxes way down? Has your HOA ceased bothering to have meetings? If not, then the consequence of their stealing and spending hasn’t progressed far enough for a good housecleaning.
Big socialism cannot continue without a large manufacturing base while making its currency increasingly worthless. Leadership will be replaced in all levels of politics, business and academia several times, until a reversal is accomplished. A greater degree of morality and willingness for hard work will prevail in the eventual outcome, because those are the foundations of survivability for a country.
Nearly all contemporary politicos disagree angrily with that, and we (truly private interests) are aware as to why.
The problem with modern leftists is that they want capitalism to fund their programs even after they kill all the capitalists.
It ain’t ever gonna work.
truth
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