[ExI] U.S. deeply imperiled due to it's massive debt
policedepts at gmail.com
Tue Sep 21 22:25:11 UTC 2010
"On Tue, Sep 21, 2010 at 4:33 AM, John Grigg <possiblepaths2050 at gmail.com>wrote:
> What real hope is there for the United States, due to our crushing
> national deficit (our fault) and our growing dependence on China to
> buy up that debt? Are we really an empire in full decline? Or do we
> just face a very painful 5-10 year economic downturn, that we can
> overcome if as a nation we learn to 'live within a budget' and also
> keep Wall Street & corporate America in check. LOL! I guess we are
> screwed... This video really disturbed me."
Yes, and we wasted eight precious years with Bush. Means testing in general
will have to be instituted soon. A defense tax is important, though defense
spending isn't the source of the economic threat; however those who possess
more property (which has to be defended) will have to pay more for defense
so those who have less to defend do not have to pay more. Defense is a very
ugly business, and IMO as long as it remains such those who benefit the most
from it will have to fork over funds to the maximum extent.
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