Quote:

Originally Posted by woj That is clearly not true, you can decrease debt by a: 1. decrease in spending 2. increase in revenue 3. combination of both How come "decrease in spending" is off the table? What makes you think that "increase in revenue" [and then subsequent increase in spending] is the only rational solution?

I left out the words "effective and "realistic" from that sentence.

I just came back from Greece this month -- you should see how the austerity spending cuts have worked there. They arrested the Golden Dawn's (a neo-Nazi movement) leaders and a few of their Members of Parliament the day I left. (For complicity in the stabbing death murder of a leftist leader.)

Just as an hypothetical: I can just imagine the the Tea Party and OWS elements (or similar) taking to the streets here in the face of severe spending cuts that affect social stability -- we have loaded weapons in America -- they don't have many in Greece.

And that is were we are heading with our social warfare. Even the Romans had their Colosseum with its free bread handed out to the masses toward filling the bellies of the poor and maintaining social control.

Much of the spending that is touted to be eliminated by the budgetary extremists is in entitlement programs -- these are the ugly prospects if they succeed.