Quote:
Originally Posted by Bill8
Oh. I didn't realize you were progressive dem.
Hence my confusion.
Technically, they say just cutting military and discretionary spending won't do it. Not enough, not after the 4 trillion we spent (or committed to spend) on the wars.
The old folks gotta take it in the neck.
Which is fair you know. They voted for them wars in the first place.
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It's not the debt that is killing us. It's the 6% fixed interest on the debt that is. While those same bankers go the the window and get trillions at 0%.
I'm very much libertarian. I just know that we can't cut out social services without completely killing the economy. If you think it's just going to be a few old folks not getting a check you're sadly mistaken. Another huge wave of foreclosures will come taking the RE prices even further down. I can tell you 2 additional houses will be going back to the bank along with the millions of others soon after because I wont be paying the notes and they are on the fence of walking away as it is themselves. Just not worth paying on those homes when they can take what they have left buy a small 1br condo and forget about it.