Are you concerned about never-ending trillion dollar deficits? If so, what can or should be done about them? Given our demographic trends, the current debates about taxes and spending reforms are almost laughably inadequate to address the enormity of our impending liabilities. In coming years, we may look back at a deficit of only a trillion dollars with nostalgic fondness.
So what are we to do, if anything? It seems to me that economic growth (jobs) can only take us so far, and rest will result in a massive (30-50%) reduction in our purchasing power. Any thoughts?
So what are we to do, if anything? It seems to me that economic growth (jobs) can only take us so far, and rest will result in a massive (30-50%) reduction in our purchasing power. Any thoughts?