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lil mike
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« on: May 06, 2011, 07:19:06 pm »

We do need to do something with Medicare and Social Security eventually because the cost are only getting higher. That being said the GOP screwed up by keeping the tax breaks for the rich and asking everyone else but the rich to sacrifice.
This is why nothing will ever been done with our budget until it is too late. The system is no longer designed to make tough decisions. The lobbyists and the voter expect government to spend money on them and the elected official has no other choice to contribute to our deficit addiction.

When, to you, is eventually?  I mean, is it before the dollar is no longer the world's reserve currency, or after?  Or maybe after the world bond market decides it's had enough of US Treasury bonds and we have to jack interest rates in the double digits to get buyers?  At that point, it will be too late to do anything other than the government running out of money halfway through the budget year and can't make those medicare and social security payments.

And is that 100 years off or closer to 100 months?
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