[rbg81]

The Government sends out 80 million checks per month to citizens. At this point, we are borrowing 42 cents of every dollar we spend. If we cut that overnight, its akin to cutting about 11% of GDP (not to mention the ripple effect). Would have a huge impact on the economy. But....the longer we wait the worse the final shock will be.

[ZX12R]

The Government sends out 80 million checks per month to citizens. At this point, we are borrowing 42 cents of every dollar we spend. If we cut that overnight, its akin to cutting about 11% of GDP (not to mention the ripple effect). Would have a huge impact on the economy. But....the longer we wait the worse the final shock will be.

I really think that's the truth in a nutshell. It will be very painful, and to an unknown degree, but it is right thing to do. For the sake of the next generation, time to stop kicking the can. I am convinced without doubt, that politicians will never do it otherwise. Good luck everyone.

[NoControllingLegalAuthority]

The Gross Domestic Product does not truthfully include government employee salaries because that money has to come from something productive somewhere. Money doesn't come from government. It comes from private sector PRODUCTIVE activity.

Government employees laid off will not be able to SPEND their salaries but they were spending OTHER PEOPLE'S MONEY, anyway.

How productive people spend their own money is healthier for a society than how government employees spend money confiscated from productive people.

That is what history teaches us.

[Tennessean4Bush]

Nonsense.