How do you feel about the future of US?

[felix]

I feel even worse after reading some of the comments made above. I really wonder why so many are readily willing to accept lower expectations for their lives, their children’s lives and our country.

The problem isn’t that what is happening is inevitable. The problem is that we have been creating an economy, in the name of progress, that is unsustainable. The plain fact is we can not continue the growth in the number of public sector jobs and entitlements with meager or no growth in private sector economy.

Jobs that bring economic growth leave inhospitable states and countries. Higher taxes and higher labor costs drive away mobile business and jobs.

It doesn’t have to be this way. We can change direction. We just need to choose our leaders better.

We can not just vote for change, as if, it is always an improvement. Clearly, it isn’t.

[Arraya]

tick tock

http://www.usdebtclock.org/#

[Arraya]

tick tock

http://www.usdebtclock.org/#

[Arraya]

tick tock

http://www.usdebtclock.org/#

[Arraya]

tick tock

http://www.usdebtclock.org/#

[Arraya]

tick tock

http://www.usdebtclock.org/#

[DWCAP]

The thing is, this is all about public debt, not private debt. It isnt about small houses and smaller/fewer cars, it is about less money for schools/ national parks/ transportation/ police/ Military/ poor ‘social safty nets’. We have three options, Default, pay it back, or inflate it away.

#1) most people would consider default to not be an option. It would play havic with the world financial order.

#2) to pay back our debt will require higher taxes, and/or lower spending. This is the bitch of the Keyenian economic model we are now following. We fill in the economic vallies only by lopping off the economic mountain tops. If things are getting better as supposed, then taxes are going up, your benifits are falling, and services will be reduced to pay for all this stimulus.

I think that is what this article was trying to get at.
“No reasonably foreseeable rate of economic growth would overcome this structural deficit. Thus, any efforts to rein in future deficits must entail either large increases in taxes to support these programs or major restraints on their growth — or some combination of the two.”

Basically the American people will get less for their money from the government, or will give more money to the government for what they already get.

#3) Inflate away the costs. IMO, this is what will happen. High inflation will make paying these debts easier and easier. It will play havoc on our economy, and our savers will loose alot of (real) money, but that is prefered to #1 or #2. Print, dump and deny.

[DWCAP]

The thing is, this is all about public debt, not private debt. It isnt about small houses and smaller/fewer cars, it is about less money for schools/ national parks/ transportation/ police/ Military/ poor ‘social safty nets’. We have three options, Default, pay it back, or inflate it away.

#1) most people would consider default to not be an option. It would play havic with the world financial order.

#2) to pay back our debt will require higher taxes, and/or lower spending. This is the bitch of the Keyenian economic model we are now following. We fill in the economic vallies only by lopping off the economic mountain tops. If things are getting better as supposed, then taxes are going up, your benifits are falling, and services will be reduced to pay for all this stimulus.

I think that is what this article was trying to get at.
“No reasonably foreseeable rate of economic growth would overcome this structural deficit. Thus, any efforts to rein in future deficits must entail either large increases in taxes to support these programs or major restraints on their growth — or some combination of the two.”

Basically the American people will get less for their money from the government, or will give more money to the government for what they already get.

#3) Inflate away the costs. IMO, this is what will happen. High inflation will make paying these debts easier and easier. It will play havoc on our economy, and our savers will loose alot of (real) money, but that is prefered to #1 or #2. Print, dump and deny.

[DWCAP]

The thing is, this is all about public debt, not private debt. It isnt about small houses and smaller/fewer cars, it is about less money for schools/ national parks/ transportation/ police/ Military/ poor ‘social safty nets’. We have three options, Default, pay it back, or inflate it away.

#1) most people would consider default to not be an option. It would play havic with the world financial order.

#2) to pay back our debt will require higher taxes, and/or lower spending. This is the bitch of the Keyenian economic model we are now following. We fill in the economic vallies only by lopping off the economic mountain tops. If things are getting better as supposed, then taxes are going up, your benifits are falling, and services will be reduced to pay for all this stimulus.

I think that is what this article was trying to get at.
“No reasonably foreseeable rate of economic growth would overcome this structural deficit. Thus, any efforts to rein in future deficits must entail either large increases in taxes to support these programs or major restraints on their growth — or some combination of the two.”

Basically the American people will get less for their money from the government, or will give more money to the government for what they already get.

#3) Inflate away the costs. IMO, this is what will happen. High inflation will make paying these debts easier and easier. It will play havoc on our economy, and our savers will loose alot of (real) money, but that is prefered to #1 or #2. Print, dump and deny.

[DWCAP]

The thing is, this is all about public debt, not private debt. It isnt about small houses and smaller/fewer cars, it is about less money for schools/ national parks/ transportation/ police/ Military/ poor ‘social safty nets’. We have three options, Default, pay it back, or inflate it away.

#1) most people would consider default to not be an option. It would play havic with the world financial order.

#2) to pay back our debt will require higher taxes, and/or lower spending. This is the bitch of the Keyenian economic model we are now following. We fill in the economic vallies only by lopping off the economic mountain tops. If things are getting better as supposed, then taxes are going up, your benifits are falling, and services will be reduced to pay for all this stimulus.

I think that is what this article was trying to get at.
“No reasonably foreseeable rate of economic growth would overcome this structural deficit. Thus, any efforts to rein in future deficits must entail either large increases in taxes to support these programs or major restraints on their growth — or some combination of the two.”

Basically the American people will get less for their money from the government, or will give more money to the government for what they already get.

#3) Inflate away the costs. IMO, this is what will happen. High inflation will make paying these debts easier and easier. It will play havoc on our economy, and our savers will loose alot of (real) money, but that is prefered to #1 or #2. Print, dump and deny.

[DWCAP]

The thing is, this is all about public debt, not private debt. It isnt about small houses and smaller/fewer cars, it is about less money for schools/ national parks/ transportation/ police/ Military/ poor ‘social safty nets’. We have three options, Default, pay it back, or inflate it away.

#1) most people would consider default to not be an option. It would play havic with the world financial order.

#2) to pay back our debt will require higher taxes, and/or lower spending. This is the bitch of the Keyenian economic model we are now following. We fill in the economic vallies only by lopping off the economic mountain tops. If things are getting better as supposed, then taxes are going up, your benifits are falling, and services will be reduced to pay for all this stimulus.

I think that is what this article was trying to get at.
“No reasonably foreseeable rate of economic growth would overcome this structural deficit. Thus, any efforts to rein in future deficits must entail either large increases in taxes to support these programs or major restraints on their growth — or some combination of the two.”

Basically the American people will get less for their money from the government, or will give more money to the government for what they already get.

#3) Inflate away the costs. IMO, this is what will happen. High inflation will make paying these debts easier and easier. It will play havoc on our economy, and our savers will loose alot of (real) money, but that is prefered to #1 or #2. Print, dump and deny.

[briansd1]

One good thing that comes out of the high public debts is that we won’t be able to start costly new wars.

Our priorities are screwed up really.

In economic terms, that would be like spending $1 million now to save $10,000 in future expense. Ridiculous!

[briansd1]

One good thing that comes out of the high public debts is that we won’t be able to start costly new wars.

Our priorities are screwed up really.

In economic terms, that would be like spending $1 million now to save $10,000 in future expense. Ridiculous!

[briansd1]

One good thing that comes out of the high public debts is that we won’t be able to start costly new wars.

Our priorities are screwed up really.

In economic terms, that would be like spending $1 million now to save $10,000 in future expense. Ridiculous!

[briansd1]

One good thing that comes out of the high public debts is that we won’t be able to start costly new wars.

Our priorities are screwed up really.

In economic terms, that would be like spending $1 million now to save $10,000 in future expense. Ridiculous!

[Author]

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