rus wrote >>
kit444 wrote >>
We have two parties eager to offer the goodies (Dems--more spending; GOP--cutting taxes) without the responsible complementing action (Dems--increased taxes to cover spending; GOP--cutting spending to match the reduced revenues) and a populace that has come to expect getting the former without the latter. It's not just the politicians' fault.
Given that, what's the solution? Or is there one, beyond waiting for US Treasuries to hit junk bond status, the collapse of the dollar, and China replacing us as the lone super power?
stop spending 130 billion/year to fight two utterly useless wars
stop spending 500 billion on top of THAT to fund a military budget that is more than 10 times (!) that of our the spending of the second largest military budget in the world (China). Something like perhaps 50 Billion (Still equal to China). We're spending all that money being the world's police force. Screw that. We can't maintain a pax Romana at the cost of ourselves.
Then instead of spending more for economic stimulus we can simply take that 600 Billion/year or so saved and reinvest it in OUr own economic growth (as most civilized countries do).
Our entire infrastructure that has been sadly neglected over the last 40 years and is a) in bad need of repair, and b) needs to be upgraded to make it run on something other than oil. This has been a drag on economic growth for years and oil will become even more of a drag in the next 20 years we NEED to move away from it BEFORE it is an emergency. This investment in economic growth would end up paying off in increased revenue and would over time end up paying off the national debt. Remember how the government was running at a surplus during the 90s because of economic growth increasing tax revenue?
I have a lot of other suggestions, but posting them here is essentially pissing into the wind.