Accountable
Well-Known Member
I mostly agree. Raising taxes and cutting spending is obviously not the only way, but it's the only way that the politicians will consider, since their real priority is reelection rather than actually doing their jobs right. Past irresponsible policy has put us in an untenable position. The only think keeping us out of recession is more bad policy.Yes, taxes are bad.....but let's be brutally honest, consistently spending more than you raise is worse. The only way forward is to raise taxes AND cut expenditure. Trouble is, doing so at the levels required to make a difference will push the USA over the fiscal cliff and back into recession.
A good analogy is the old way of the forest service. The gov't stepped in to save the forests by stopping even natural brush fires. As a consequence, the brush kept growing unchecked, so that when fires did get started they destroyed much more forest than if the brush had burned when still small. In much the same way, gov't interference in the economy has kept natural fluctuation from occurring, so that now we are facing a major raging forest fire rather than the predictable, manageable grass fire.
The good news is that history has shown that forests grow back after fires, and economies will rebound if only the government will get the fuck out of the way.