I am starting to give up hope (and lose interest) that anything can be done to reverse our economic decline. We seem to be on a set course through 2016, after which our financial obligations and debt will have exceeded any reasonable expectation of our economy's ability to support.
Are we like a hopelessly underwater homeowner who lost his job and has been putting his mortgage payments on a credit card? Will we keep doing this until we hit our credit limit and then wait for our creditors to foreclose? I know people who have done this and came out pretty well, so maybe this is the way to go.
Seriously, do any of you, Left or Right, think we can keep on this course indefinitely? If not, what are our options, or is it too late?
Do NOT lose hope.
As the fiscal mess is ENTIRELY MANMADE, this contrivance we call the national debt is as FAKE as our democracy.
No, I am not being glib, I am not kidding one bit.
There is more than enough wealth. its the system we have of sharing it that must be solved.
So, in your opinion, we dont have a debt problem because the real problem is that we dont take enough wealth from the people and redistribute it?
Oh it's way way more complex than that.
Mostly it has to do with the way we create new money rather than how we tax people.
Sorry but that is crazy. There is no redistribution problem. We have been redistributing the crap out of our wealth for decades. It is not working. We have a real deficit problem. The government has outgrown the economy almost every single year, tax receipts have fully recovered already and we are still running trillion dollar debts. Tax receipts hit 2.4 trillion in 2012 and have only been higher in 2 other years. 07-08 they were 2.5 and that was entirely based on a false economy of lies.
There is a REAL deficit problem and I cannot fathom how you can ignore it? How do you rationalize the debt increasing a trillion dollars a year as meaningless? Our spending level a full 45 percent over receipts!
That is NOT sustainable and yet we dont see anything pointing to a change any time soon. If only we could steal more from people to pay that off right? That does not work. I am sorry but there is no way to tax our way to that king of cash.
You realize that until you actually understand my POV, telling me why it's "crazy" means you are NOT speaking to me, but instead you are lecturing a STRAW MAN, don't you?
You ASSUMED that my complaint was going to be about taxation.
It was not.