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"No Snowflake in an Avalanche Ever Feels Responsible" You're right - we need to cut more. We'll save more lives if the US government stops the rate at which it
by cyberjerkXX 3mo ago
"No Snowflake in an Avalanche Ever Feels Responsible"
You're right - we need to cut more. We'll save more lives if the US government stops the rate at which it is currently spending. The interest on our debt is currently larger that our military budget. The government can sell bonds to cover some of this debt but when it doesn't have money to cover mature bonds it needs to sell more bonds at a higher interest rates. It makes the deficit worse. The fed will respond with printing more money causing inflation. Inflation hurts the middle and lower classes the most. You either make massive cuts, or burden your productive wealth creating classes with taxes. We have a massive SPENDING problem.
- ceejayoz 3mo ago> "No Snowflake in an Avalanche Ever Feels Responsible" You're trying to prevent the avalanche with a hair dryer that isn't even aimed at the snow. > We have a massive SPENDING problem. Guess what we'll have if we let China become the hegemon by removing all our international soft power initiatives?