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Unless enough of we the people demand responsible actions we will not get them until, as you noted, we max-out the national credit cards. It's often political suicide to take away the "free stuff" even from those who don't need it. Some guy named Thomas once said, "No generation has a right to contract debts greater than can be paid off during the course of its own existence."The elephant in the room is that the Debt is $23T and rising, and neither party wants to do anything to address the Budget Deficit. Both parties want "free" stuff and put it on the credit card. When the credit limit is reached, then the party is over, and severe cuts need to be made.
Its a disgrace that neither party wants to act responsibly.
I blush to admit that I'm starting to agree with Paul Krugman on the Debt-Deficit thing. He says it's no big deal, and certainly nothing to worry about. Indeed, he mocks Mayor Pete for even paying lip service to concern about it.
Paul Krugman: Bernie Sanders isn’t a socialist
Yeah, it's no biggie when interest rates are low and just the interest on the debt is "only" $400 billion/yr but CBO says that figure could hit $1 trillion/yr in just a decade. Now that's some serious cash.I blush to admit that I'm starting to agree with Paul Krugman on the Debt-Deficit thing. He says it's no big deal, and certainly nothing to worry about. Indeed, he mocks Mayor Pete for even paying lip service to concern about it.
Paul Krugman: Bernie Sanders isn’t a socialist