Reply to How long till the economy collapses?

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[quote=Anonymous][quote=Anonymous]Right now the national debt is $100k per person with an interest rate of 4-5%.  That’s about $5k per person per year in the U.S.  Banks and savers are benefiting. But the system is screwed.  We need drastic cuts and raises to taxes to balance this out.  The Fed cuts are just a drop in the bucket.[/quote]

You’re right. We aren’t getting anywhere unless we cut off the people who aren’t working. Fed pensions, SS, Medicare,  Medicaid for nursing homes, the works. If it isn’t directly benefiting a current or future worker, it has got to go. Too much of today’s income is being spent on yesterday’s promises.

I get it, it’s hard to have relied on a promise. But we simply can’t afford it anymore. Retirees can do lots of jobs. They can watch their grandbabies, or substitute in schools, or even pick up a new career like a social secretary for a billionaire. Lots of white collar workers can work into their 70s and beyond. Their churches can fill in the gaps if they need food. We simply can’t pay for people to sit around playing tennis and riding cruises anymore.

- this isn’t how I think, but it is how the Heritage Foundation thinks. Maybe ya’ll Trumpers should have read before you gave them the keys to the kingdom. [/quote]

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