We screwed up. So, what should we have done?

[Carl Veritas]

The federal governments finances should be more like the individual counties and States. States must tax and borrow to pay for itself and there is a limit.

In contrast, budgets or bankruptcies are concepts foreign to federal decision makers.

If all federal entitlements have to be paid by collecting taxes and borrowing, they will be reformed, or scrapped.

For a more thorough discussion of an alternative go to the last chapter of this book Money, Bank Credit and Business Cycles.

http://mises.org/books/desoto.pdf

Welcome Mr Anderson.

[patientrenter]

kewp,

I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.

Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)

FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.

[patientrenter]

kewp,

I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.

Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)

FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.

[patientrenter]

kewp,

I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.

Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)

FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.

[patientrenter]

kewp,

I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.

Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)

FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.

[patientrenter]

kewp,

I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.

Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)

FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.

[kewp]

Patientrenter,

I see most of our problems solvable via technology and progressive solutions. It just requires a liberal, forward-thinking mindset.

Oh, and taxing the f*ck out of the elite.

[kewp]

Patientrenter,

I see most of our problems solvable via technology and progressive solutions. It just requires a liberal, forward-thinking mindset.

Oh, and taxing the f*ck out of the elite.

[kewp]

Patientrenter,

I see most of our problems solvable via technology and progressive solutions. It just requires a liberal, forward-thinking mindset.

Oh, and taxing the f*ck out of the elite.

[kewp]

Patientrenter,

I see most of our problems solvable via technology and progressive solutions. It just requires a liberal, forward-thinking mindset.

Oh, and taxing the f*ck out of the elite.

[kewp]

Patientrenter,

I see most of our problems solvable via technology and progressive solutions. It just requires a liberal, forward-thinking mindset.

Oh, and taxing the f*ck out of the elite.

[meadandale]

[quote=kewp]I posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[/quote]

Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.

[meadandale]

[quote=kewp]I posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[/quote]

Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.

[meadandale]

[quote=kewp]I posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[/quote]

Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.

[meadandale]

[quote=kewp]I posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[/quote]

Adding another layer or two doesn’t change the inevitable–it just delays the day of reckoning…a pyramid scheme is still a pyramid scheme.

[Author]

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