BS!
The electorate will not stand for the cuts necessary to turn this ship. We would have to cut at least 25% of the deficit every year for 4 years. $3260billion or better per year.
25% cuts to Medicare, Social Security and Medicaid.
It won't happen, I don't which or what party is in power.
It won't happen.
Collapse is the only outcome.
Sadly, I must agree with you. The dependent class has too many votes. And every illegal that crosses the border will eventually add to that total.
If Reagan were alive today, yes, he could pull it off. But there is no Reagan today. Palin is the closest. She has Reagan's vision, but not his wide popularity. So Palin will not be able to get the job done, IMHO.
Collapse is the only outcome.
I'd bet against collapse, although it never hurts to prepare. More likely we'll drift into becoming a weak and flabby socialist state, with inner city riots every few years or so.
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.