USA: 142 $B debt increase in...2 days

[Free Thinker]

Quote from denner:

The problem is so massive that neither taxing "the rich" at 100%, nor any rational amount of entitlement cutbacks will solve the problems. We might have had a chance 10 years ago if we started a meaningful debate about how to "fix" these things, but there isn't a rat's chance in hell of doing something at this point.

actually the fix is easy. you just need grownups in congress.
means test entitlements
raise ss age to 70
cut military spending in half
end the needless wars
stop all corporate wellfare subsidies
raise public pension eligible age to 70 also
raise taxes on the rich to 39%
close rich tax loopholes
stop corporate offshore tax havens.
there are probably lots more sensible things but we are almost there already

 

[Lucrum]

Quote from Free Thinker:

actually the fix is easy. you just need grownups in congress.
means test entitlements
raise ss age to 70
cut military spending in half
end the needless wars
stop all corporate wellfare subsidies
raise public pension eligible age to 70 also
raise taxes on the rich to 39%
close rich tax loopholes
stop corporate offshore tax havens.
there are probably lots more sensible things but we are almost there already

That's actually not a bad list. Why you're a cheerleader for Obama and the democrats I'll never know. The "raise taxes on the rich" is practically the only item on it they're interested in.

 

[PocketChange]

How does that saying go?

If I owe you $100 and can't pay I've got a credit problem.
If I owe you $100 Million and can't pay you've got the credit problem.

 

[denner]

Quote from Free Thinker:

actually the fix is easy. you just need grownups in congress.
means test entitlements
raise ss age to 70
cut military spending in half
end the needless wars
stop all corporate wellfare subsidies
raise public pension eligible age to 70 also
raise taxes on the rich to 39%
close rich tax loopholes
stop corporate offshore tax havens.
there are probably lots more sensible things but we are almost there already

My point is that the two parties can't even accomplish the smallest of tasks, there is literally no hope that this country can find the 400 some odd individuals who are enlightened enough to actually act in this countries best interests.

There isn't a chance in hell that even one of your well presented list of reforms could pass. The whole shitshow in Congress is just endless demagouging with zero foresight on the real structural issues. Everything in this present day economy is simply a "quick fix" to get us thru the next few weeks or months. It's a complete travesty.

 

[Eight]

Quote from DT-waw:

other countries are in much deeper trouble.

http://www.usdebtclock.org/world-debt-clock.html

ireland, uk, spain, italy, france.
look at external debt to gdp ratio

...oh good... that makes me feel so much better. We can sustain our insane course of action after all!!

 

[Lucrum]

Quote from DT-waw:

other countries are in much deeper trouble.

http://www.usdebtclock.org/world-debt-clock.html

ireland, uk, spain, italy, france.
look at external debt to gdp ratio

So the entire world is fucked then.

Food - check
Water - check
Guns - check
ammo - check