How long can we go on with revenue at 15% of GDP and spending over 20% of GDP and rising?
Even with a combination of spending cuts and tax increases it won't be enough to deal with the Demographic time-bomb brought about by Baby Boomers retiring and Millennials not being able to earn enough to pick up the slack to pay for their parents' retirement.
We're doomed either way. Which is why I'm not against going over the Cliff...
I say let sequestration happen. The Dumbocrats are just playing political games. Obama is an arrogant fool who thinks he has some sort o f mandate to turn us into a socialist nation.
Baracka Claus' Opening Bid Proves That He Wants to Take His Sleigh Over the Fiscal Cliff
Last edited by SalisburySage; 11-30-2012 at 05:27 PM.
One example of government waste.
My children are my legacy.
ROTFLMAO! That still gets me, Daily Kos. Yes daily is best way to get your Kos.
The fiscal rapine of the fiscally productive will pay for... at most 8 days of central regime spending.
The problem lies with the crackhead in Freeway Ricky Ross' stash house government spending (i.e. the metastasis of entitlement programs).
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