Subject: Re: How Europe wrecked itself
These problems will not be fixed by the Republican Party.
Agreed. Since I was old enough to vote, the Reps have only made the deficit/debt worse. Very consistantly.
...may make it impossible for any democracy-saving solution to be found.
Let's make the math easy. Say 300M people, and a $30T debt. That's $100K per every man/woman/child in this country. I don't think that can be done. Start eliminating those people than don't have the means (which is probably 90%+ of the population), and you're looking at maybe 30M people shouldering most of that burden. Even fixing our tax system probably can't do it at this point.
Not a macro-economist, but I suspect we are headed to a default simply because no one can reasonably believe we can meet that debt obligation.