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?
What I meant by eventually is we will have to deal with it, at some point. Right now we have 3 choices, increase revenue, cut costs or a combination of both. I think we are trying to deflate the dollar which would work temporarily but in long term is not a great decision. It is like owning two cows and killing one because your hungry. Sure you get to eat but lose the ability to get more cows in the future.
These latest budget talks, made me even more aware our bloated government will never be able to get shit done due to too much money is being thrown at D.C. These patrons have way too much money invloved to let their employees vote for any reasonable cuts because those cuts will affect someone that gives money to the representatives. The representatives argue that money is needed to run, which is illustrated by Obama's BILLION DOLLAR war chest. The only cuts they can make are to projects which affect the middle class and poor. Those groups financially do not donate money to anyone. They are individuals but, individually are lower on the totem pole than the "individual corporations".
If you follow the money you will realize that lobbyists run our country and too greedy to understand they are killing it. Short term gains rule over long term prosperity.
