Exactly how will Obama keep this nation going if all that you mention materializes? Even socialists and communists are not immune to economic conditions that will take down the country. If you think that we can tax and spend our way out of this mess, then you are sadly mistaken.
With $60 trillion in unfunded entitlement liabilities, a growing debt driving up annual debt servicing costs, continuing to run trillion dollar annual deficits, a huge new entitlement program (Obamacare), an aging population that will double in the next 20 years, and just two workers for every retiree by 2030, you can't tax your way out of the problem. It will kill the private sector, which generates the money to fund the welfare state.
In many ways, we are worse off than Greece. Why should we act as enablers for Obamanomics? It is time the public realizes that there is pain associated with dealing with our fiscal reality. 80% of the population pays only 3% of the taxes.
Exactly how will Obama keep this nation going if all that you mention materializes? Even socialists and communists are not immune to economic conditions that will take down the country.
All the dims are thinking about now is 2014. A couple hundred billion in defense cuts and a huge tax increase will bring the deficit down in the short term. The dims will bring BJ Clinton back out and spike the football. Since the GOP did not offer a “reasonable” alternative he will win that debate with enough voters to take back the House.
All he needs is a comprehensive victory on this issue to club the GOP as the party of rich for the next year and they will get the House back. Then it will be Katie bar the door.
What good are conservative principles if conservatives have no power?