No. of Recommendations: 2
The debt and deficit need to be addressed. It's possible the party could continue for a long time, but the longer it goes on, the greater the risk grows that certain shock events could lead to loss of faith in the US dollar and an exodus, and the consequences of that are too dire to ignore. I don't think that's a fire we as a country want to be playing with.
Tax hikes are needed to address the situation, but I'm always surprised how rarely spending cuts come up as part of the solution in discussions like these. Oh, you sweet summer child.
Don't feel too bad, it took me from 1970 to 2008 to get the wool completely dropped from my eyes.
"The Purpose Of A System Is What It Does, Not What It Claims To Do" - Stafford Beer
en.wikipedia.org - The purpose of a system is what it doesConsider the possibility that the purpose of this system to to enrichen, with money and power, a cohort who runs things behind the curtain.
I hate being so cynical, it was much more comforting in my previous innocence.
