The scary actual U.S. government debt

reply to post by skyvia


First thing, it is political suicide to actually attempt to solve this, and it would take a majority to do it - so simply put it will not even be attempted, unless the public is demanding it. Americans will never do this however because they do not want entitlement cuts, they want to pretend money grows on trees instead.

The only way to solve it is to cut spending to a level below income. Tax raises to any significant degree wont work, so only a miracle recovery has any hope of increasing tax reciepts. So the only real option is cutting spending. I'm not saying that is easy, it's not people will be furious, but it just doesn't matter if the money is unobtainable.

This means big cuts to medicare, social security, Medicade and defense will be required, not optional. Total defense spending is only 18% of the budget and we are borrowing over 40% now, so cutting it to zero would not even take care of half of the deficit.

With the population growing older and health care cost continuing to go up, entitlement costs will continue to move up. We do desperately need massive reforms to our health care system (not like Obamacare real cost cutting is required) - it is twice as expensive as other developed countries. It must and will be changed, cause the money will simply soon not be there to continue to support it as is whether anyone likes it or not.

Obviously without these safety nets a lot of people will go hungry and go without medical care. Prepare accordingly.

Do you have any idea what these words mean?
This is TOTAL WAR!!!
Billions of human lives are at stake!!!