In Debt

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  1. American View profile image60
    American Viewposted 7 years ago

    http://s2.hubimg.com/u/5438581_f248.jpg
    This picture says it all

    1. Paul Wingert profile image73
      Paul Wingertposted 7 years agoin reply to this

      The problem is pointed out. Now, does anyone have a realistic solution?

      1. American View profile image60
        American Viewposted 7 years agoin reply to this

        I have written several solutions

  2. lady_love158 profile image60
    lady_love158posted 7 years ago

    You can do any number of things to slow the rate of spending, as has been pointed out taxing everyone making more than 200k a year at 100% would only raise 1.5 trillion, barely enough to cover the deficit. You can cut defense 100% and save a trillion, now we're getting somewhere although I don't know what all those ex military people will do for work.

    Obviously neither of those are realistic so you could raise taxes a bit and cut defense a bit but probably neither will be enough. The truth is MANDATORY spending is rising faster than the economy and revenues. Mandatory spending is social security and medicare/medicaid both are on auto pilot and consume 2/3 of the fedetal budget. Now add in the 2.5 trillion dollar Obamacare entitlement and you have certain destruction, the strategy of the left to take power and create their liberal camelot!

    Unless these entitlements are reformed we will implode. Whatever is done wont be popular and will probably cost politicans their jobs. It will take courage and persistance to get it done something lacking on the left side of the isle.

    1. profile image0
      Old Empresarioposted 7 years agoin reply to this

      Cut all the entitlements you want, but it will never be enough. The expense of empire and maintaining the most powerful military machine in the history of the world is the greatest financial drain on our (or any) government. This is a law of history and it has brought down many kings and empires.

  3. Repairguy47 profile image60
    Repairguy47posted 7 years ago

    Obama is running around the country talking about millionaires and billionaires but wants to tax those earning over 200K. Once again his rhetoric and the truth are at odds with one another.

  4. knolyourself profile image60
    knolyourselfposted 7 years ago

    The most powerful military machine in the world makes sure that oil is traded in US dollars only.

 
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