But... But... But... The Models!

Discussion in 'Economy' started by Big Fitz, Mar 16, 2011.

  1. Big Fitz
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    Big Fitz User Quit *****

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    Oh boy. A good example of why computer models, faithfully worshiped can get you into a world of trouble.

    Mandatory Spending to Exceed all Federal Revenues

    So, raise taxes? Or cut spending?

    This is not "Bialystock unt Bloom" here, and "Springtime for Hitler" is not going to be a flop. The investors are now looking for their 50% profit.

    [​IMG]

    Someone needs to paste Geithner's and Bernanke's faces on this.
     
  2. Mad Scientist
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    Mad Scientist Feels Good!

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    Did anyone see Obamas' NCAA Tournament bracket?
     
  3. editec
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    editec Mr. Forgot-it-All

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    Which mandatory spending is, in your opinion, the worst problem?

    Whose OX are you proposing gets gored?
     
  4. skeptic
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    skeptic BANNED

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    Neither. We have no choice but to restructure medicare and SS. We are not gonna be able to raise taxes high enough to cover the liabilities shortfalls that are only beginning to overwhelm receipts. Look at the trajectory in your article since 2000. That's the recession and the baby boom retirement exodus and our entitlements in a high speed collision.

    And like the article points out it is no longer possible to balance the budget by cutting spending.
     

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