That some might be worse off doesn’t change things. And it’s not just a matter of current debt. You have to look where things will be in the future.
There is no plan by either party that will bring the deficit, let alone the total debt, into control in the forseeable future. The political will to enact such a plan does not exist in this country.
Beyond that, there are trillions of unfunded liabilities down the road. Social Security, Medicare, government pensions. It’s massive and there’s no way to pay for it. As it stands right now, looking ahead, default or devaluation throught the printing press are the only options.
I am looking at where things will be in the future, and I am confident that America can stop the train. America already voted stop and Obama continues to push. America understands, the politician are only starting to wake up to the anger that the average american has towards their overspending.
“It’s massive and there’s no way to pay for it. As it stands right now, looking ahead, default or devaluation throught the printing press are the only options.”
Actually there are quite a few options.
One, euthanasia.
Two, enslaving the young. We already see two. Young people are getting destroyed and their parents are wondering why. Why? Because there’s simply not enough of us to pull the till, and all of us have to pull and give 100 percent of what we earn, just to keep the till afloat.
Default means destroying boomer wealth, so it won’t happen. Boomers might agree to kill themselves through euthanasia though. We shall see.
The preferable boomer option is enslaving the young, which is what we do see.
There is no plan by either party that will bring the deficit, let alone the total debt, into control in the forseeable future. The political will to enact such a plan does not exist in this country.