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View Diary: Insolvency, tax cuts, military spending and social security (188 comments)

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  •  There will come a time when the tidal wave of debt (2+ / 0-)
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    Kickemout, hmi

    comes crashing down on the economy, and your 2 percent bonds will be long gone. Will the govt default? Never. However, I would be worried if I was someone under the age of 40, because to avoid default and to perpetuate its existence, the government will indeed be forced to cut benefits to its citizens. Your view of ignoring the debt is the type of herd mentality seen all too often by selfish, self serving people irrespective of party affiliation.

    My immediate suggestion is a ten percent salami cut for every govt agency, including the military. I don't understand people who will not sacrifice a bite today for ensuring a meal tomorrow.

    "If the past sits in judgment on the present, the future will be lost." Winston Churchill

    by Kvetchnrelease on Tue Apr 24, 2012 at 11:23:01 AM PDT

    [ Parent ]

    •  Why "indeed be forced to cut benefits to citizens" (5+ / 0-)


      Why not "forced to cut military spending" instead?

      Why not "forced to return to a progressive tax system" as existed in the 1930s and 1940s (and really, up till Reagan)?

      Oh, that's right--those alternatives aren't "realistic".  

      It is always the case that the only "realistic" alternatives are the ones that screw the 99%.

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