Forthcoming movie about the US economy (and federal debt) - check it out: I.O.U.S.A. movie trailer and review
That movie's premise is spot on. Anybody who argues we can continue to support the spectacularly profligate spending of the Federal Government and remain an economic power is either a thief or parasite living off the system, or just stupid. And the answer isn't simply to raise taxes - it's to cut government spending across the board. Let the bureaucrats go look for work (real work) for a change, and let the people learn to live without nursing off the government tit and looking to the government to solve all their problems for them. A permanent 50% spending cut (and no built in annual budget increases), and we might be in better shape within 50 years.
Well, one of Bin Laden's goals was to bankrupt us and while we probably didn't need his help, we're one day closer to being a sharecropper society and he's still alive in his air conditioned cave in Pakistan reading the Wall St Journal and watching the Olympics while pissing in a uninal with Dubya's face as the target.
We need to cut spending and raise taxes. We need to pay off the **** that has accumulated and stop making the mountain bigger.
raising taxes? Easy to do. Cutting spending, not so much. If you guys trust any politician of either party to do that, then you have not been paying attention.
Well, the prescription drug give-away bill of 2004 would be a great place to start slashing. That's going to be a monstrously expensive note (read: no ******* way we can afford this) in coming decades. Just a transfer of wealth from the taxpayers right to the drug companies, with no common sense to the bill, and no compromises from the corporations at all. If you can find a doctor to put a 90-year old man with dementia on 15 drugs a day, at a cost of tens of thousands of dollars a year, Joe Taxpayer gets to fund that. Great law, guys. You're doing a great job up there. I could also live without this 300-million-dollars-a-day war that has no hope for long-term success and no end in sight. Thanks for the heads-up on the film. I will definitely check it out. Two things are going to take this country down: 1) Laws are written by corporations, with the singular goal of making more money for them, NOT by people who have the country's best interests at heart. 2) Consumers who behave like stupid, stupid pigs at a trough.
Folks, spend some time reading (or watching) what David Walker has been saying for the last year or two. Entitlement spending (Medicaid/prescription drug program) and the cost of war both dwarf the operating budget for the government (and even social security). Bridges to nowehere in Alaska, while a problem, is not THE problem.
So if we stop taking money in order to redistribute it to weaker companies with political ties, the economy will tank? I'm understanding this correctly?
