I was talking about what will be important to the USA after the global economic collapse. Right now I don't think there is the political will to anything more then kick the can, I submit the failed super committee as evidence. I also submit Ron Paul, cut 1 trillion now, at 10% as more evidence. For some strange reason, folks seem to think we can just continue to spend 43% more then we earn forever. And that is just at the federal level, local gov and state gov are just as bad.
This is something many overlook:
“And that is just at the federal level, local gov and state gov are just as bad”
While the Federal mess (currently being hidden by the warm-up band that is the Euro meltdown), is of epic, historically unprecedented proportions, people overlook the heinous fiscal shenanigans occurring in their own municipalities.
Just off the top of my head: Legions of “educators” allowed to retire in their early 50’s with full, gilt-edged, blue ribbon benefits, fire captains walking away with 3/4 million dollar pensions on which they've contributed a microscopic fraction.
The unavoidable financial Armageddon headed our way will be deep, fundamental and widespread.
That bit of information seems to have been lost in discussions. We're just trucking right along spending 43% more than we have EVERYDAY. No-body mentions it.